SOURCE: Megola Inc.

March 29, 2007 09:27 ET

Megola to Benefit From Agreement Between MSE Enviro-Tech Corp. and Pacific Channel Ltd.

MSE Enviro-Tech Corp. to Establish US Network for Product Distribution

CORUNNA, ON -- (MARKET WIRE) -- March 29, 2007 -- Megola Inc. (PINKSHEETS: MGOA), a leading environmental solution provider, is pleased to announce that Pacific Channel Ltd. (PCL, an Asian Company) has engaged an agent in the USA to facilitate market identification and establish distribution channels for the Hartindo line of Anti-Fire products.

MSE Enviro-Tech Corp. (PINKSHEETS: MEVT) has been assigned exclusive agent rights for the United States from PCL for the distribution of the Anti-Fire line of products. (http://biz.yahoo.com/iw/070327/0231376.html)

Previously, Megola had signed an agreement with PCL that granted Megola the exclusive rights to manufacture the Hartindo line of products within North America and the exclusive rights to distribute these products in Canada, both directly and through Megola-appointed dealers, sub-agents, manufacturers and/or sales representatives (http://biz.yahoo.com/iw/070116/0203401.html).

Megola may also distribute the products in the United States both directly and indirectly through a non-exclusive agreement with PCL. With the signing of the exclusive agreement between PCL and MSE, Megola still reserves this right.

"We are excited that a company such as MSE has been appointed the task of bringing this line of products to the attention of the vast US market. With the awareness campaign that MSE will be launching to help educate consumers and attract potential distributors, Megola is sure to benefit in both product sales and promotion. As the exclusive North American manufacturer of the Anti-Fire products, it is Megola's intention to fully support MSE's initiatives with both product supply and the requisite product certifications. As the sole distribution agent for Canada, we also intend to work closely with MSE on the marketing of the Anti-Fire products for the North American marketplace," states Joel Gardner, CEO of Megola Inc.

MSE Enviro-Tech Corp.

The reorganization of the Company over the past few months, including the appointment of a new Board of Directors, has been carried out to position MSE as an aggressive technology-led business that will focus on the specialized areas of technology transfer, and the launch, marketing and distribution of proven technologies requiring marketing expertise and a network of contacts that can facilitate the successful exploitation of a new and promising technology.

For more information on these products and on 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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