SOURCE: MetaPower International, Inc.

November 17, 2011 08:31 ET

MetaPower International, Inc. Increases Q3 2011 Revenue by 17 Percent Over Q3 2010

LAS VEGAS, NV--(Marketwire - Nov 17, 2011) - MetaPower International, Inc. (PINKSHEETS: MTPR) is pleased to announce that the Company has posted its unaudited Financial Report for the third quarter of 2011 on These financials were compiled by MetaPower's in-house CPA. MetaPower International's revenues for the quarter ending September 30, 2011 were $3,761,676, an increase of 17% over Q3 2010 which were $3,220,838. The Company's earnings (EBITDA) were $163,768 which is a significant increase over Q3 2010. Operations have continued to be stable with low turnover of personnel, successfully meeting project milestones, and reliable cash flows.

We have completed a significant technical milestone on the release of our version 5.0 operating platform. We are currently updating the Noble Production package for release in 2012 Q1.

We expect Q4 to be more profitable and to close the year close to our EBITDA goal. We have a full backlog of contracts with new work scopes being proposed. We are expecting 2012 to continue our pattern of 30% annual revenue growth with a goal of $18 million.

To view the entire unaudited quarterly report, please go to: then click on 3rd Quarter 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.

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