SOURCE: Megola Inc.

Megola Inc.

November 19, 2013 16:00 ET

Megola Inc. - Megola Product Used in City of Toronto New Parklets

MISSISSAUGA, ON--(Marketwired - Nov 19, 2013) - Megola Inc. (OTC Pink: MGON) The urban experiment which aims to bring life to streets in downtown Toronto could follow up with trials on other main streets throughout the city.

The Church St. pilot features the installation of "parklets" -- wood decks with planters and public seating -- on parking spaces for a few blocks south of Wellesley. "This is a creative way to expand and animate the public realm without a major rebuild of the streets or sidewalks," says Nancy Chater, of the Planning Partnership. "Parklets are appearing in North American cities. Church Street is leading the way for Toronto."

The parklets, which get their name because they cover over street parking spaces, are being built with support Carpenters & Allied Workers Loc. 27, Vaughan, and others from the General Contractors section of the Toronto Construction Association. About a dozen apprentices and journeypersons from Loc. 27 are involved in the pre-assembly and field assembly. Home Depot is donating the lumber and materials. Megola Inc. is supplying its fire inhibitor to enhance safety.

Mike Yorke, president, Loc. 27, sees the pilot as an example of what main streets in downtown Toronto might consider doing for the 2015 Pan American Games. "Starting in 2014, we might start to see dozens of streets putting them (parklets) up."

"It was a privilege to be a small part of this exciting project and we extend our congratulations to Mike Yorke, The Carpenters & Allied Workers, Local 27, and the City of Toronto in this experiment which succeeded in all areas of the plan," said Magaly Bianchini, CEO of Megola Inc.

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