SOURCE: MetaPower International, Inc.

May 16, 2011 08:30 ET

MetaPower International, Inc. Increases Q1 2011 Revenue by 31 Percent Over Q1 2010

LAS VEGAS, NV--(Marketwire - May 16, 2011) - MetaPower International, Inc. (PINKSHEETS: MTPR) is pleased to announce that the Company has posted its unaudited Financial Report for the first quarter of 2011 on These financials were compiled by MetaPower's in-house CPA. MetaPower International's revenues for the quarter ending March 31, 2011 were $3,276,639, an increase of 31% over Q1 2010 which were $2,500,182. The Company's earnings (EBITDA) were $141,195 a decrease of 53% from 2010. This is due to increased indirect costs, primarily due to marketing and the development of our Noble Production product. This ramp up in spending is now leveling off so this amount of change will be less dramatic next quarter.

MetaPower International continued to increase their revenues in the first quarter. Operations have continued to be stable with low turnover of personnel, successfully meeting project milestones, and reliable cash flows.

Our Noble Production product team was expanded as planned with new technical and marketing resources. We are seeing a response in the market to our marketing activities and have begun to develop and manage a pipeline of prospects.

"Q2 is expected to continue to grow revenues and profits. We anticipate contracting a new Noble Production client in Q3 this year," stated Ken Allen, President of MetaPower International, Inc.

To view the entire unaudited quarterly report, please go to:

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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