MetaPower International, Inc. Increases Q3 2011 Revenue by 17 Percent Over Q3 2010
November 17 2011 - 8:31AM
Marketwired
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 OTCMarkets.com. 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:
http://www.otcmarkets.com/stock/MTPR/financials 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.
Contact: Steve Ivy 360-450-4209 www.metapower.com
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