SOURCE: Megola Inc.

Megola Inc.

January 27, 2010 16:00 ET

Megola Confirms Receipt of Initial Order for Hartindo™ AF21 From EcoBlu Products, Inc.

POINT EDWARD, ON--(Marketwire - January 27, 2010) - Megola Inc. (OTCBB: MGON) announced today that it has received the initial order and payment for its Hartindo Anti-Fire™ product as specified in the definitive agreement with EcoBlu Products, Inc. signed in November 2009.

Delivery of product is scheduled for early February and consists of 30 totes (approximately 7500 Gallons or 28,000 L) of Hartindo™ AF21 fire inhibitor concentrate to be incorporated into EcoBlu's FRC™ Technology (Fire Retardant Coating).

"EcoBlu has been diligent in conducting all testing necessary to meet the various wood industry requirements, including those for engineered wood products. Megola is extremely optimistic for our future prospects and we firmly believe that our patience will be well rewarded," states Darryl Germain, Megola C.O.O.

In November of 2009 Megola and EcoBlu signed an exclusive licensing agreement. As part of the agreement, EcoBlu acquired the exclusive rights to Megola's 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.

Recently, EcoBlu exhibited at the 2010 International Builder's Show held in Las Vegas, NV and were accompanied by Megola President and CEO Joel Gardner. The show was successful in providing EcoBlu the opportunity to spread the word about EcoBlu and their sustainable green building product line.

Relevant Press Releases:

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

Megola Inc. Signs 'Hartindo AF21' Licensing Agreement With EcoBlu Products, 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.

For more information on EcoBlu Products, Inc. please visit

For more information on Megola Inc. please visit

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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