SOURCE: Megola Inc.

February 02, 2007 16:00 ET

Megola Announces First Anti-Fire Product Shipment

CORUNNA, ON -- (MARKET WIRE) -- February 2, 2007 -- Megola Inc. (PINKSHEETS: MGOA), a leading environmental solution provider, announced today that it has placed its first order for Hartindo Anti-Fire products, which will be used for product demonstrations and obtaining the required industry approvals. The shipment is set to arrive from Malaysia by the end of February, early March.

Megola is planning a full-scale demonstration of all three Anti-Fire products -- AF11E, AF21 and AF31 -- at the Lambton College Industrial Fire School in Sarnia, Ontario, the only one of its kind in Canada. Invitees will include industry representatives from the Chemical Valley region, fire marshals, fire and police department representatives and interested private companies in the fire protection industry. Megola will also have a video crew onsite to produce demonstration videos for training and marketing purposes. The demonstration will take place soon after the site re-opens in mid-March. An exact date for the demonstration will be announced when the details are finalized.

In addition to the demonstrations, Megola will be using part of the product shipment to complete the process of obtaining certifications and approvals for the Hartindo Anti-Fire products from such reputable third-party testing authorities as Underwriters' Laboratories (UL). The products will be submitted to meet various test standards that are recognized throughout North America. Megola does not anticipate any problems in obtaining these certifications and approvals as all three Anti-Fire products have had to meet equivalent standards in Europe and Asia since their introduction almost 20 years ago.

Megola is also pursuing recognition from the Environmental Protection Agency (EPA) for AF11E and AF31 to be included on the EPA's SNAP list of approved Halon substitutes. Once approved, AF11E would be the only listed 1:1 drop-in replacement for Halon 1301 in total flooding systems and both AF11E and AF31 would be considered as suitable substitutes for Halon 1211 streaming agents.

For more information about the Anti-Fire products, videos and about Megola Inc. please visit www.megola.com

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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