SOURCE: Megola Inc.

December 15, 2005 09:15 ET

Megola Inc. Nominated for Outstanding Business Achievement Award in Technology

CORUNNA, ON -- (MARKET WIRE) -- December 15, 2005 -- Megola Inc. (OTC BB: MGOA), a leading environmental solution provider in physical water treatment, air purification, microbiological control, and wastewater treatment is pleased to announce that it has been nominated for the 2006 Sarnia Lambton Chamber of Commerce Outstanding Business Achievement Award in the Technology category.

The Sarnia Lambton Chamber of Commerce (http://www.sarnialambtonchamber.com) was incorporated in 1905 and is governed by a 19 member Board of Directors. Most sectors of the business economy in Sarnia Lambton are represented on the Board.

The category of 'Technology' recognizes significant achievement in business through the use or development of technology for such purposes as improvements in productivity, opening of new markets, significant growth in existing markets, improvements in efficiency, and improvements in customer service.

In order to be considered for the Technology Award, a company must have shown a commitment to the development or integration of technology in existing business to foster significant change and utilized a leading-edge technology as a business solution.

Should Megola win the Technology Award, it will then be eligible for the Ontario Chamber of Commerce Outstanding Business Achievement Awards.

"It is an honor to be recognized within our local business community as a top achiever. Megola prides itself on delivering solutions to environmental problems in an environmentally conscious manner. Being considered for a Business Excellence Award definitely validates the progress Megola has made as a company since its inception. Business excellence is as much about what you have achieved as it is about where you are headed," states Joel Gardner, CEO of Megola Inc.

For more information on Megola Inc. and its products, please visit the corporate website (http://www.megola.com).

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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