SOURCE: MetaPower International, Inc.

January 20, 2010 06:35 ET

MetaPower Announces Changes to Capital Structure

LAS VEGAS, NV--(Marketwire - January 20, 2010) - MetaPower International, Inc. (PINKSHEETS: MTPR) (the "Company") is pleased to announce that on January 13, 2010 it changed the number of its authorized shares of Common Stock to 2,200,000,000 (two billion two hundred million).

MetaPower is also pleased to announce that almost all of the shares of the Company's Series A Preferred Stock have been converted into the Company's common stock. As of the close of business on Friday, January 15, 2010, the following numbers of shares of its capital stock were issued and outstanding: (i) 2,029,489,138 shares of its common stock, (ii) 15,000 shares of its Series A Preferred Stock (convertible into Common Stock), and (iii) 200,000 shares of its Series B Preferred Stock (not convertible into Common Stock). The Company expects that all of its outstanding Series A Preferred Stock will, during the first quarter of 2010, either be redeemed or converted into the Company's Common Stock.

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.

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