Metapower International Inc. (MTPR)

[Farmboynate]

MetaPower International, Inc. Records Earnings of $0.09 Cents Per Share Through Third Quarter as Posted On Pinksheets.com

Company Increases Profit by 104 percent Over Same Time Period Last Year

LAS VEGAS, Nov 19, 2008 (GlobeNewswire via COMTEX) -- MetaPower International, Inc. (Pink Sheets:MTPW) is pleased to announce that the Company has posted its third quarter financial report on Pinksheets.com. The recent round of financial filings for the Company has shown improved Earnings per Share of $0.09 cents, showing undervaluation in its common stock which is currently trading at $0.04 cents. The Company has included a letter to shareholders from President Ken Allen outlining the Company's goals to increase shareholder and market values.

MetaPower International's revenues for the third quarter were $2,057,446, an increase of 88% over the same period in 2007 which saw gross revenues of $1,091,836. The Company's profits for the third quarter were $319,057, an increase of 104% over third quarter 2007 profits of $155,941. MetaPower International is on track to meet its 2008 primary goal of reaching $6 million in revenues by year's end, after already posting revenues of over $5.5 million in the first three quarters. In addition, the Company expects to exceed its net profit goal of $1 million. This quarter marks the seventh consecutive quarter of growth in revenue for MetaPower International.

"We believe the current business growth, plus the anticipated growth of our new products put MetaPower International on a strong 60% annual growth path for the next several years. With the tremendous undervaluation of our current stock price, this makes an investment in MetaPower a unique opportunity," stated Ken Allen, President of MetaPower International, Inc.

To view the Company's filing, please visit: http://pinksheets.com/pink/quote/quote.jsp?symbol=mtpr#getFilings