SOURCE: Megola Inc.

Megola Inc.

August 26, 2010 09:00 ET

Megola Continues Sales of Hartindo™ AF21 to EcoBlu Products, Inc.

POINT EDWARD, ON--(Marketwire - August 26, 2010) -  Megola Inc. (OTCBB: MGON), announced today that it has received an order for its Hartindo Anti-Fire™ product, AF21, from EcoBlu Products, Inc. (OTCBB: ECOB).

Market Potential ($18 billion)

Dimensional (framing) lumber, and engineered wood products (EWP) such as floor joists, laminated wood beams, roof trusses, rim board and structural panels will represent $18 billion in economic activity when the housing market fully recovers. Even in today's depressed market, the industry will still post numbers exceeding $11 billion.

The wood chemicals market enjoyed $2+ billion in revenues in 2007. Once the market recovers, it's expected that revenues will return or exceed those numbers. By introducing EcoBlu coatings and coated products into southern California and Northeast Texas, the Company hopes to grab market share in two large geographic markets expected to recover more quickly.

EcoBlu FRC™ Demonstration Video (Bluwood™/Hartindo™ AF21)

http://www.youtube.com/watch?v=oMZ5QV9z-UQ

"EcoBlu continues to garner interest and identify opportunities in the wood industry with its coating technology and coated wood products. With Hartindo AF21 being a vital component of their FRC technology, we are pleased with EcoBlu's progress, especially in light of the recent slowdown in the housing and construction markets and look forward to a long and prosperous relationship," states Joel Gardner, President and CEO of Megola Inc.

Relevant Press Releases:

  • Megola's Hartindo AF21: The Driving Force Behind EcoBlu's FRC Technology

http://www.marketwire.com/press-release/Megolas-Hartindo-AF21-The-Driving-Force-Behind-EcoBlus-FRC-Technology-1101343.htm

Recent EcoBlu Press Releases:

  • San Diego Contractor Building His Own Green Home Goes EcoBlu
  • Old World Tuscan Villa Utilizing BLUWOOD™ Coatings Update
  • BLUWOOD™ Technology Embraced By Contractor
  • EcoBlu Products Utilized in Rebuild of Construction Defects Claim
  • EcoBlu Products' BLUWOOD™ Technology Now Available in Wholesale Market
  • Megola Inc. and EcoBlu Products, Inc. Offer Joint Support for Lambton College Sustainability 'Smart House'

EcoBlu recently announced the publication of a White Paper from Brom Associates, a prominent California based engineering firm, highlighting the many benefits of EcoBlu's Bluwood™ Technology. Prior to this were announcements regarding their contribution to the rebuilding of housing in Haiti through orders from Lazarian World Homes, their receipt of orders from Luxor Industrial Corp. of Vancouver and continued use of its Bluwood products by Tuff Shed, Inc.

About EcoBlu Products, Inc.

EcoBlu Products, Inc. is a manufacturer of proprietary wood products coated with an eco-friendly chemistry that protects against mold, fungus, rot-decay, wood ingesting insects, termites and fire with EcoBlu's FRC™ technology (Fire Retardant Coating). EcoBlu products utilizing BLUWOOD™ and FRC™ technology is the ultimate in wood protection, preservation, and fire safety to building components constructed of wood, from joists, beams and paneling, to floors and ceilings.

The Company is committed to the development, marketing and sales of environmentally-responsible building materials. EcoBlu products are ready to deliver the winning edge to builders and the environment with its sustainable green product line.

Megola and EcoBlu

In November of 2009 Megola and EcoBlu signed an exclusive licensing agreement. As part of the agreement, EcoBlu acquired the exclusive rights of Megola's rights to Hartindo AF21 Fire Inhibitor in North America as an additive to EcoBlu's BLUWOOD™ technology. Hartindo AF21 provides Class A fire protection for dimensional lumber, panels and engineered wood products and is the foundation of EcoBlu's FRC™ Technology.

For more information regarding the details of the recent EcoBlu announcements, please visit their website at www.EcoBluproducts.com

For more information on Megola Inc. please visit www.megola.com  

Megola YouTube Channel can be accessed at http://www.youtube.com/user/MEGOLAinc

Shareholders and investors are strongly cautioned against placing undue reliance on information set forth in these communications in making any investment decisions concerning our securities.

The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission including the company's Annual Report, Quarterly Reports and other periodic filings. These forward-looking statements speak only as of the date hereof. The company disclaims any intent or obligation to update these forward-looking statements.

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