LAS VEGAS, Aug. 23, 2012 /PRNewswire/ -- MetaPower
International, Inc. (OTCPK: MTPR) is pleased to announce that the
Company has posted its reviewed Financial Report for the second
quarter of 2012 on OTCMarkets.com. These financials were
compiled by the Company's in-house CPA and reviewed by the
Company's outside auditors. MetaPower International's
revenues for the quarter ending June 30,
2012 were $4,072,370, an
increase of 12% over Q2 2011 which were $3,639,634. The Company's earnings (EBITDA)
were $125,337 which was a 115%
increase over 2011.
Operations have continued to be stable with low turnover of
personnel, successfully meeting project milestones, with reliable
cash flows. We have extended our backlog of contracts at
existing clients with another equivalent year of work.
We have also delivered a custom Facilities Management System in
our version 5 UCoDA technology to one of our clients. The
system has been well received. This is our first
implementation of our new UCoDA Release 5.0 and we are very pleased
with its performance and acceptance by our users.
During the quarter we have also completed acceptance testing of
our Noble Production offering and after thorough user interaction
we are now revising the product to make important changes to
improve the user experience.
We are encouraged that our revenues and costs are as
expected. We are meeting our internal development commitments
which will help us to continue to meet our long-term business
development goals. We are broadening our customer base as
well as developing a deeper contract backlog with existing
customers.
To view the entire quarterly report, please go to:
http://www.otcmarkets.com/stock/MTPR/financials then click on
Latest Report "Aug 14, 2012 Quarterly Report"
About MetaPower International, Inc.:
MetaPower International, Inc. is a technology and services firm
originally founded in 1996 that provides information technology and
change management services to hazardous process industries.
This link between technology and services is critical to manage the
changes necessary to successfully compete in the current
environment. In today's world, business operations must be
streamlined to meet the challenges of these turbulent economic
times.
This press release contains "forward-looking statements."
Forward-looking statements are statements concerning plans,
objectives, goals, strategies, expectations, intentions,
projections, developments, future events, or performance,
underlying (expressed or implied) assumptions and other statements
that are other than historical facts. These forward-looking
statements are only predictions. No assurances can be given
that such predictions will prove correct. Actual events or
results may differ materially. Forward-looking statements
should be read in light of the cautionary statements and risks that
include, but are not limited to, the risks associated with a small
company, our comparatively limited financial resources, and other
factors that may adversely impact us. These or other risks
could cause actual results to differ materially from the future
results indicated or implied in such forward-looking
statements. We undertake no obligation to update or revise
such statements to reflect events, circumstances, or new
information after the date of this press release or to reflect the
occurrence of unanticipated or other subsequent events.
Contact:
Steve Ivy
360-450-4209
www.metapower.com
SOURCE MetaPower International, Inc.