SOURCE: Megola Inc.

September 18, 2006 16:00 ET

Megola to Enter Retail Market With Its Smart-Home Centre

CORUNNA, ON -- (MARKET WIRE) -- September 18, 2006 -- Megola Inc. (OTCBB: MGOA), a leading environmental solution provider in physical water treatment, air purification, microbiological control, and wastewater treatment, announces that it will be opening its first retail store, which will be called Megola's Smart-Home Centre. The store will be located in the same plaza that houses its corporate offices in Corunna, Ontario.

"We believe that opening this store will serve two important purposes. First, we will better be able to serve our local communities and gain more product exposure. Second, we envision using this store as the template for future outlets. We intend to inventory our full line of water and air products as well as showcase our complete whole-house treatment centres," states Joel Gardner, CEO of Megola Inc.

Set to open this October, the store will also provide reverse osmosis (RO) bottled water services as well as health and hygiene products such as food sanitization systems from Vesture Inc. (http://www.vesture.com) and point-of-entry and point-of-use water and air purification equipment from Cuno (http://www.cuno.com) and Hyundai Air and Water Technologies (http://www.hyundaiwaterandair.com).

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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