News for 'MTPR' - (MetaPower Announces Changes to Capital Structure
LAS VEGAS, NV, Jan 20, 2010 (MARKETWIRE via COMTEX) -- MetaPower International,
Inc. (PINKSHEETS: MTPR) (the "Company") is pleased to announce that on January
13, 2010 it changed the number of its authorized shares of Common Stock to
2,200,000,000 (two billion two hundred million).
MetaPower is also pleased to announce that almost all of the shares of the
Company's Series A Preferred Stock have been converted into the Company's common
stock. As of the close of business on Friday, January 15, 2010, the following
numbers of shares of its capital stock were issued and outstanding: (i)
2,029,489,138 shares of its common stock, (ii) 15,000 shares of its Series A
Preferred Stock (convertible into Common Stock), and (iii) 200,000 shares of its
Series B Preferred Stock (not convertible into Common Stock). The Company
expects that all of its outstanding Series A Preferred Stock will, during the
first quarter of 2010, either be redeemed or converted into the Company's Common
Stock.
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.
