Megola Announces Higher Revenue Guidance for Next Quarter Report

Mon, 06 Mar 2006 09:00:00 -0600

Corunna, Ontario, Canada -- (ReleaseWire) -- 06/02/2006 -- Megola Inc. (OTC BB: MGOA), confirmed today it anticipates timely filing of the company's audited financials for the period ending January 31, 2006. Furthermore, the company projected higher revenue guidance in its operations for its 2006 Q2 Report.

A leading environmental solution provider in physical water treatment, microbiological control, wastewater treatment and air purification, Megola forecasts revenue will be up by approximately 800% over revenue reported on the Company's 2005 Q2 Report. Megola's financial year runs from August 1 to July 31. In 2005 Megola's revenues increased 220.81% to $713,135 from $222,294 in 2004.

"We are quite pleased with our second quarter results," states Joel Gardner, Chief Executive Officer of Megola Inc. "We have been aggressive in targeting new distribution channels and product markets. Our product development and sales in Asia are continuing to strengthen. We expect this strong growth to continue abroad but also are positioning ourselves to increase our marketability in the residential sector in North America by developing 'whole house' water and air treatment packages."

For more information about Megola Inc. 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.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Media Relations Contact

KBM Consulting Inc.
Telephone: 866-281-3258
Email: Click to Email KBM Consulting Inc.
Web: http://www.megola.com

Megola Announces ScaleGuard Technology Accepted by Hotel Industry

Wed, 22 Feb 2006 11:00:00 -0600

A leading environmental solution provider in physical water treatment, microbiological control, wastewater treatment and air purification, Megola forecasts revenue will be up by approximately 800% over revenue reported on the Company's 2005 Q2 Report. Megola's financial year runs from August 1 to July 31. In 2005 Megola's revenues increased 220.81% to $713,135 from $222,294 in 2004.

"We are quite pleased with our second quarter results," states Joel Gardner, Chief Executive Officer of Megola Inc. "We have been aggressive in targeting new distribution channels and product markets. Our product development and sales in Asia are continuing to strengthen. We expect this strong growth to continue abroad but also are positioning ourselves to increase our marketability in the residential sector in North America by developing 'whole house' water and air treatment packages."

For more information about Megola Inc. 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.

Corunna, Ontario, Canada -- (SBWIRE) -- 02/22/2006 -- Megola Inc. (OTC BB:MGOA.OB), a leading environmental solution provider in physical water treatment, air purification, microbiological control, and wastewater treatment, is pleased to announce that a prominent hotel in Coral Gables, Florida has turned to ScaleGuard to treat their cooling operations.

Wizard Water, a Megola Distributor in Florida, has recently installed the ScaleGuard technology in the hotel in Coral Gables to alleviate their mineral fouling problems. Excessive scale buildup has been negatively impacting the efficiency of the cooling tower, which is a key component of the air conditioning system in the hotel. By installing ScaleGuard to combat the scale problems, the air conditioning system will run more effectively and efficiently throughout the building. Since the air conditioning system runs continuously day and night the entire year, the energy and cost savings generated by the use of the ScaleGuard system are expected to be substantial.

The South Florida group that owns the hotel in Coral Gables also owns over 40 others and is excited to have found an environmentally safe technology to deal with their cooling problems.

Cooling Towers -- Background

Most air-conditioning systems and industrial processes generate heat, and this heat must be removed and dissipated. Water is commonly used as the transfer medium for removal of heat from refrigerant condensers or industrial process heat exchangers.

In the past, cooling was accomplished by drawing a continuous source of water, passing it through the equipment to be cooled, and discharging it to a drain. As time passed, water purchased for this type of use became prohibitively expensive because of increased costs for water supply and disposal.

The cooling tower was devised as a method for minimizing water usage and controlling disposal. Unfortunately, the solution to the original problems introduced new problems.

Because water is a so-called universal solvent, it picks up traces of everything with which it comes in contact. When it passes through the ground it dissolves salts, which in turn can deposit as hard scale upon heat transfer surfaces and within pipes as the water evaporates.

The quality of water circulating through a cooling system has a significant effect on the overall system efficiency, the degree of maintenance required, and the useful life of the system. Therefore, it is important that an effective open loop water treatment system for the control of scale deposition be utilized.

Until now, such treatment systems were (necessarily) heavily dependent upon the use of chemicals, especially for scale inhibition.

For more information on Megola Inc. and its products, please visit the corporate website (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.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Media Relations Contact

Joel Gardner
Email: Click to Email Joel Gardner
Web: http://www.megola.com