MetaPower International, Inc. Increases 2011 Revenue by 39 Percent as Compared to 2010 as Stated on Otcmarkets.com
LAS VEGAS, April 10, 2012 /PRNewswire/ -- MetaPower International, Inc. (OTCPK: MTPR) is pleased to announce that the Company has posted its unaudited 2011 Year End financial report on Otcmarkets.com. MetaPower International's revenues for the year ending December 31, 2011 were $14,105,517, surpassing our goal by 12.8%. The Company's EBITDA for 2011 was $515,381, which was all generated from operations.
The Presidents message accompanying the report outlines MetaPower's year-end results, as well as the company goals for 2012.
"We are pleased to report that 2011 was another successful year. In the five years that we have been reporting as a public company we have grown our revenues each year. We expect 2012 to continue this pattern of growth and development as a company. We have established revenue goals for 2012 of $17 million with an expected EBITDA of greater than $800 K. We look forward to seeing positive impacts from our new marketing campaign in 2012. Please stop by our web site to see all of the changes that are happening at MetaPower," - Ken Allen, President MetaPower International, Inc.
To view the entire unaudited annual report, please go to: http://www.otcmarkets.com/stock/MTPR/financials
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.
SOURCE MetaPower International, Inc.