LAS VEGAS, May 22, 2012 /PRNewswire/ -- MetaPower
International, Inc. (OTCPK: MTPR) is pleased to announce that the
Company has posted its reviewed Financial Report for the first
quarter of 2012 on OTCMarkets.com. These financials were
compiled by MetaPower's in-house CPA. MetaPower
International's revenues for the quarter ending March 31, 2012 were $4,134,857, an increase of 26% over Q1 2011 which
were $3,274,241. The Company's
earnings (EBITDA) were $287,527 which
is a significant increase over Q1 2011, which were $141,195. Operations have continued to be
stable with low turnover of personnel, successfully meeting project
milestones, and reliable cash flows.
Our Product development group has completed work on our Noble
Production offering, and delivered it to our internal group
responsible for final acceptance testing. We hope for this
testing to be completed during Q2 2012.
We are operating to plan. 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. Our most
exciting achievement in the quarter was the engagement with a new
client.
To view the entire unaudited quarterly report, please go to:
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=82228
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.