MTPR Meta Power International Inc New (CE)

MetaPower International, Inc. (Pink Sheets:MTPR) is pleased to announce that the Company has posted its unaudited Financial Report for the second quarter of 2010 on Pinksheets.com. These financials were compiled by MetaPower's in-house CPA. MetaPower International's revenues for the quarter ending June 30, 2010 were $2,972,392, an increase of 37% over Q2 2009 which were $2,163,104. Q2 2010 Revenues increased 13% over Q1 2010 revenues of $2,623,159. Year to date revenues were $5,595,551. The Company's earnings (EBITDA) for Q2 2010 were $241,195. This was 35% less than Q2 2009 earnings and a 38% decrease over Q1 2010 earnings of $388,253. 

MetaPower International continued to increase their revenues second quarter. The second quarter earnings decrease was due to increased G&A expenses, including the adding of a Company Controller, investment expense related to sources of potential capital, professional fees for the audit and tax work and advertising ramp up for Noble Production. Also there were increased taxes and exchange rate costs. These expenses totaled $148,615 and the total drop in earnings was $147,058. The President's message accompanying the report outlines the progress the company is making toward the financial performance goals for 2010. Mr. Allen also reports that the October 2010 release for Noble Production is on schedule.

"We have received contracts sufficient to improve the current performance through the end of the year and we are seeing an increase in business opportunities. We expect to release the results of the audit in the third quarter 2010," stated Ken Allen, President of MetaPower International, Inc.

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

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=35078

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:  MetaPower International, Inc.
          Steve Ivy 
          360-450-4209
          www.metapower.com