SOURCE: Megola Inc.

Megola Inc.

April 12, 2011 09:30 ET

Megola Inc. Announces Move of Corporate Offices

SARNIA, ON--(Marketwire - Apr 12, 2011) - Megola Inc. (OTCBB: MGON) has announced that it has moved its corporate offices and warehouse.

The new office and warehouse location is in 214 LaSalle Line, Sarnia, Ontario, Canada N7T 7H5. All contact numbers remain intact and updates to all Megola sites will be changed.

"We have out sourced the large blending portions of the anti-fire inhibiting product so we didn't require such a large manufacturing warehouse facility any longer. We have now been able to secure office and warehouse space in one complete facility as opposed to the separate spaces we had previously occupied. The reduction from 6500 sq ft to 3000 sq ft and all associated costs simply makes common sense to make the ten minute move to the new facility. We have arranged a reduced payout of our lease agreements to our previous landlords with restricted series B shares and thank them for allowing us to move to a more appropriate location which better suits our needs as a company," states Joel Gardner, President and CEO of Megola Inc.

For more information on Megola Inc., visit www.megola.com

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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