MetaPower International, Inc. Increases Q3 2012 Revenue by 8.3
Percent over Q3 2011
LAS VEGAS, Nov. 15, 2012 /PRNewswire/ -- MetaPower
International, Inc. (OTCPK: MTPR) is pleased to announce that the
Company has posted its reviewed Financial Report for the third
quarter of 2012 on OTCMarkets.com. These financials were
compiled by the Company's in-house CPA and reviewed by the
Company's outside auditors. MetaPower International's
revenues for the quarter ending September
30, 2012 were $4,075,196, an
increase of 8.3% over Q3 2011 which were $3,761,676. The Company's earnings (EBITDA)
were $174,037 which was a 6.3%
increase over the third quarter of 2011.
Operations have continued to be stable with low turnover of
personnel, successfully meeting project milestones, with reliable
cash flows. We have base business booked out through the end
of 2014. We continue to aggressively sell our current suite
of services and have added three new customers to our client list
this year.
We are in the process of revising our Noble Production software
offering to improve the user experience. We are also
developing the training curriculum to be offered with the product
and expect to complete the product in Q4 of this year.
We are revamping our company branding as part of the new product
campaign. Our website is being updated with the new branding
and will be published in Q4 of 2012. All of this is to
prepare for the Noble Production product release in Q1 of 2013.
We are operating to plan. 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. We are broadening our customer base as
well as developing a deeper contract backlog with existing
customers. We forecast meeting our planned growth in revenues
in 2012 and to continue this growth into 2013 and beyond.
To view the entire quarterly report, please go to:
http://www.otcmarkets.com/financialReportViewer?symbol=MTPR&id=94544
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.