SOURCE: Megola Inc.

Megola Inc.

December 28, 2010 09:47 ET

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

Received Purchase Order Valued Over $350,000 USD

POINT EDWARD, ON--(Marketwire - December 28, 2010) -  Megola Inc. (OTCBB: MGON), announced today that it has received a paid Purchase Order for its Hartindo Anti-Fire™ product, AF21, from EcoBlu Products, Inc. valued over $350,000 USD.

"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.

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 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 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.

Contact Information