SOURCE: Megola Inc.

Megola Inc.

November 18, 2013 07:30 ET

Megola Inc. Acquires Distribution Rights to Extensive Product Line of Fire Inhibitors for North America

MISSISSAUGA, ON--(Marketwired - Nov 18, 2013) - Megola Inc. (OTC Pink: MGON) MEGOLA Inc. is pleased to announce that it has acquired the distribution rights for a number of new fire inhibitor products that will complement its existing AF21. We are nearing completion of laboratory tests that will enable commercialization of these already ULC certified products. The new product line will be private labeled under the name of Megola and already has certification and field results at hand. The products include fire inhibitors for construction steel, wood, fabric, home products, furniture, Christmas trees and a variety of other materials that are susceptible to fire. This addition will enable Megola to extend its fire inhibitor business to a variety of applications, in both commercial and residential uses. The Canadian manufacturer has a quality development team that will work alongside the Megola to continue improving our product line and developing new desired products.

"Negotiations are currently taking place with a number of end users in both manufacturing and building industries, which will enable Megola to commence the commercialization of our products," said Magaly Bianchini, the new CEO of Megola Inc.

Megola is also working with different sectors in addressing current problems and cost factors, for fire inhibitors. The years of refining, testing and experimenting with Megola products has readied the company to launch product that is true and tested while reducing the costs for ultimate fire protection.

About Megola Inc.

The Company is a Nevada based corporation that owns proprietary knowledge and patents in the fire retardant and innovative water solutions sector. The newly restructured company has years of research and testing available which will enable the company to commercialize its products almost immediately. Our mission is to continue improving and expanding our line of products in both fields and concluding on ongoing contract discussions with a variety of suppliers and distributors. Megola is a public company trading on OTC Markets, under the symbol MGON.

Safe Harbor Statement
Sections of this press release contain forward-looking statements, which reflect management's best judgment based on factors currently known but involve significant risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a number of factors, including but not limited to risks more fully described in the "Risk factors" section of the Company's Annual Report and other risks. Forward-looking information provided pursuant to the safe harbor established by recent securities legislation should be evaluated in the context of these factors.

Contact Information

  • Contact:

    Megola, Inc.
    5045 Orbitor Drive, Suite 200
    Building 10
    Mississauga, Ontario L4W 4Y4

    Investor Relations:
    Eddie Cruz
    Cruz Capital Advisors, Inc.
    Phone: 949-390-0111