MTPR Meta Power International Inc New (CE)

In the news release, "MetaPower International, Inc. Increases Q1 2011 Revenue by 25 Percent Over Q1 2010" issued earlier today by MetaPower International, Inc. (PINKSHEETS: MTPR), we are advised by the company that the headline should read "MetaPower International, Inc. Increases Q2 2011 Revenue by 25 Percent Over Q2 2010" rather than what was originally issued. Complete corrected text follows.

MetaPower International, Inc. Increases Q2 2011 Revenue by 25 Percent Over Q2 2010

LAS VEGAS, NV -- August 16, 2011 -- MetaPower International, Inc. (PINKSHEETS: MTPR) is pleased to announce that the Company has posted its unaudited Financial Report for the second quarter of 2011 on Pinksheets.com. These financials were compiled by MetaPower's in-house CPA. MetaPower International's revenues for the quarter ending June 30, 2011 were $3,638,330, an increase of 25% over Q2 2010 which were $3,276,639. The Company's earnings (EBITDA) were $87,324 which is a significant increase over Q2 2010. This increase is primarily due to the low EBITDA reported in Q2 2010. While we have been relatively stable in our overhead expenses over the last year they have grown modestly since last year in our effort to grow our marketing and product presence.

MetaPower International continued to increase their revenues in the second quarter. Operations have continued to be stable with low turnover of personnel, successfully meeting project milestones, and reliable cash flows.

Work on our marketing presence and our Noble Production offering continues to consume much of our resources and energy. We look forward to seeing this investment payoff in increasing sales and profits from a more diverse customer base.

Q3 is expected to continue to grow revenues and profits. Due to Q1 results, we were concerned that our increasing costs could negatively impact our earnings goals. We revised our budgets during Q2 to begin to scale down our costs. We expect Q3 and Q4 to be more profitable and to close the year closer to our EBITDA goal. Improving our earnings is important to meeting our other balance sheet goals for 2011.

To view the entire unaudited quarterly report, please go to: http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=58033

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