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MetaPower International, Inc. Announces New Chairman of the Board and New President and CEO
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MetaPower International, Inc. Announces New Chairman of the Board and New President and CEO
LAS VEGAS, NV--(Marketwired - Feb 18, 2014) - MetaPower International, Inc. (OTC Pink: MTPR) (the "Company") is pleased to announce that Rande Bruhn has been elected President and CEO. The Board of Directors also elected Mr. Bruhn President and CEO of its wholly owned operating subsidiary, MetaPower, Inc. and the MetaPower, Inc. wholly owned subsidiary, MetaPower Canada Ltd. Mr. Bruhn also been elected to the Board of Directors of all three Companies.
Mr. Bruhn is a seasoned entrepreneurial business executive and owner with over 30 years of general operational and financial management experience in businesses of varying size, complexity and nature. Mr. Bruhn also is a licensed Certified Public Accountant (Oregon), holds a Masters degree in Business Administration with academic honors from the University of Portland, and earned a Bachelors degree in Finance with a secondary concentration in Economics from the University of Oregon in Eugene, Oregon. He also holds certificates as a Chartered Global Management Accountant and a Certified Management Accountant.
Following early career assignments in heavy truck manufacturing, resource development, and public accounting with Arthur Andersen, LLP serving a wide variety of clients -- large and small across numerous industries -- with audit, tax and consulting services, Mr. Bruhn has spent the last 25 years of his career primarily focused on business growth, value creation, work-outs and management in the technology, professional services and manufacturing arenas with diverse middle-market companies in both commercial and military venues, including domestic and international operations, in aerospace, software development, engineering services, integrated circuit design and hi-tech equipment manufacturing fields. He has served as management for and invested in both early and later stage enterprises, as well as for both small and multi-location companies, with annual revenues in excess of $100 million. Mr. Bruhn has significant experience in mergers and acquisitions transactions, both as senior management and as a principal. He also has managed US-based international finance and accounting operations for both US-based headquarters companies as well as US divisions of foreign companies. Mr. Bruhn, in addition to his deep operational and financial experience, has also successfully negotiated domestic seed-round funding as well as development and operational funding from various sources including the Chinese government.
Following the sale of one of his companies several years ago to a multi-billion dollar conglomerate in Washington D.C., and taking some mid-career time off for family, travels, and to pursue a number of personal and philanthropic ventures, Mr. Bruhn most recently has focused his efforts as President, CEO and co-owner of an early-stage video game and mobile application software development company, a company viewed in the industry as a creative, technical and thought leader. He will transition out of day-to-day operations for that venture so that he can use his experience and expertise to lead the Company into a period of expansion and growth across North America. Mr. Bruhn believes that "the Company possesses extraordinary talent and is well-positioned to capitalize on its many years of providing high quality professional solutions to its varied customer base."
Mr. Bruhn is replacing Edwin G. Gibson, Jr. as President of the Company. Mr. Gibson has relinquished his title of President in order to be elected to be Chairman of the Board of Directors for all three MetaPower companies. In this capacity he will lead all three Boards and supervise the management of all three companies on behalf of the stockholders of the Company. At the same time Mr. Gibson has also been elected to be the Executive Vice President of Business Development for all three MetaPower companies. This change will free Mr. Gibson to focus the great majority of his time on finding new clients for the Company, the further development and marketing of the Company's Noble Production initiative, and on other ways for the Company to monetize its very significant powerful intellectual property. The Company is very grateful for Mr. Gibson's service as its President, coming about as it did because of the unexpected passing of the Company's founder, Kenneth R. Allen, at the end of January, 2013. In his capacity as President he has led the Company in staying focused during a difficult and tumultuous time. The Company is grateful to have been the beneficiary of his many years of experience and looks forward to the unique contributions he will make to the Company in his two new roles.
About MetaPower International, Inc.:
MetaPower International, Inc. uses information technology and change management services to help companies achieve sustainable results. Through culturally aligned training, tools and techniques, our experts align business processes with management's strategic priorities. Client solutions include workforce culture assessment, as well as best-practice modules compiled for such industry applications as Process Safety Management. MetaPower was founded in 1996.
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.
