CORUNNA, Ontario, May 7, 2004 (PRIMEZONE) -- Megola, Inc. (OTCBB:MGOA), a leading solution provider in physical water treatment, wastewater treatment, microbiological control and air purification, announced today its revised business model.
This new business model, which the company believes could significantly boost its revenues, calls for Megola Inc. to provide "tailor-made" solutions to whatever air/water-quality problems its clients might be experiencing.
"Over the past three years, we have learned a lot about the specific problems various industries are encountering with water and air quality. Also in that time, we have learned how to solve those problems, while enabling significant reductions in our clients' costs," states Joel Gardner, Chief Operating Officer of Megola, Inc.
"Now that we have become a publicly traded company, we feel that it is time to capitalize on what we have learned and to use that knowledge and expertise to become THE premier solution provider in our industry. We also believe that our new public status will offer much easier access to capital, which -- obviously -- will boost our potential for further sales," continues Gardner.
Megola has already proved that its products and services can save its clients significant amounts of money (from thousands, to ten of thousands, to hundreds of thousands of dollars per year!).
By working closely with its clients to provide a "total package", the company believes that it can be much more than just a supplier of products. Megola now intends to work closely with its clients to implement individually tailored programs that address whatever environmentally sensitive air, water, waste-control concerns each might have.
"Megola Inc. will continue to focus on the Physical Water Treatment division, since we have the successful track record. We expect the same kind of results from the new divisions as well, which will create new clients and open different markets. I believe that we are in the right place, at the right time, with the right products and with the right knowledge, to satisfy the huge demand for increased efficiency that has become a necessity for every industry," adds Gardner.
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.