SOURCE: Megola Inc.

August 29, 2007 16:00 ET

Megola Announces AF21 Test Results

Class A Rating From ASTM E-84 Surface Burning Test

CORUNNA, ON--(Marketwire - August 29, 2007) - Megola Inc. (PINKSHEETS: MGOA) is pleased to announce the results of a recent test conducted in accordance with ASTM E-84-07, Standard Test Method for Surface Burning Characteristics of Building Materials, at SGS U.S. Testing Co. in Fairfield, New Jersey. The AF21-treated sample specimen received a Flame Spread rating of 20 and a Smoke Developed value of 50, which meets the parameters for the Class A Interior Wall and Ceiling Finish Category.

"We are very pleased with the results of this test. While our own testing made us confident that AF21-treated lumber would receive a Class A rating, it was exciting to see that both the flame spread and smoke development ratings were quite minimal considering that the submitted wood sample was treated using only a simple spray method of application. Even though Class A is the highest achievable category, we feel that further testing on a sample treated with a penetration assisting binding agent, or by utilizing a vacuum pressure method, will result in even lower flame spread and smoke development ratings, which could make AF21 even more attractive to the building industry. Also, we have already submitted and have plans for submitting other AF21-treated materials, such as fabrics and textiles, for similar burn tests," states Michael Gardner, Environmental Scientist at Megola.

About the ASTM E-84 Test

The purpose of this test is to determine the relative burning behavior of the material by observing the flame spread along the test specimen and the smoke developed during the fire exposure. A flame spread and smoke development index are reported after a 10 minute fire exposure. Inorganic cement board and unfinished red oak flooring are used as comparative standards, assigned arbitrary values of 0 and 100, respectively. The results dictate whether a material meets the parameters for the Class A, B or C Interior Wall and Ceiling Finish Category. Class A materials must have a flame spread between 0-25, Class B: 26-75, and Class C: 76-200. Smoke development must be between 0-450 for all classes.

AF21 Treatment

Douglas Fir was used as the test material for the ASTM E-84 test. This type of lumber is very common in the building industry and has similar characteristics to other common wood varieties. Hartindo AF21 was sprayed on the surface of the wood before being subjected to the test conditions. No vacuum pressure or binding agent was used to assist in the penetration of AF21 into the wood, which illustrates the tremendous fire inhibiting ability of the product, as well as the ease of application. The amount of AF21 used was within the range recommended by the manufacturers.

About AF21

AF21 is water-based, environmentally friendly, multi-purpose, non-toxic and non-corrosive fire inhibitor. As opposed to the numerous, and often times toxic fire retardants on the market that simply delay the spread of fire, AF21 renders materials non-flammable, thereby preventing the spread of fire. It can be applied to all natural fibers and many synthetic materials. A few of the many applications include the treatment of furniture, carpet, clothing, mattresses and building materials, onsite or during the manufacturing process, to completely eliminate the possibility of these materials catching fire.

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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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