SOURCE: Megola Inc.

Megola Inc.

November 15, 2013 14:02 ET

Megola Inc. Completes Restructuring and Announces New Board of Directors and Plans for the Coming Year

MISSISSAUGA, ON--(Marketwired - Nov 15, 2013) - Megola Inc. (OTC Pink: MGON) is pleased to announce the completion of its restructuring plan. The company over the last several months has been working on completing and updating its financial statements to become compliant and current with OTC Markets. During that period the company spent its resources and time with industry professionals in completing a comprehensive study and valuation of all its available products and patents. Megola established valuable relationships with testing facilities (including educational facilities), blending facilities, distributors and end users. All of the above will bode well in the execution of our business plan. A new, inspired board of directors is in place and the new direction is being implemented immediately. "The board is planning to execute and focus on readily available markets that have either previously expressed interest or have been involved in the recent negotiations and testing. The potential that has been discovered is immense and we certainly are all looking forward to establishing ourselves as a leader in our respected fields as well as reinstating shareholder value with Megola," said Magaly Bianchini, the new incoming CEO of Megola Inc.

In the near future, Shareholders will receive updated information on the Company by a series of individual reports on progress and opportunities in each Sector that Megola is actively involved in.

About Megola Inc.

The Company is a Nevada corporation that owns proprietary and intellectual property rights and patents in the fire inhibitors and innovative air and water solutions sector. Megola Inc. develops enabling technologies for industrial, commercial, agricultural, and residential users. Through its years of research and testing results and data available, the company is in the process of greatly expanding both the scope of its offerings and its reach throughout the global marketplace. Megola's 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. This is a continuance of the new business model being launched by its new management and board of directors.

The Company has also engaged the investor relation services of Mr. Eddie Cruz and he can be contacted at:

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

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
    Phone: 949-390-0111