CORUNNA, Ontario, May 13, 2004 (PRIMEZONE) -- Megola, Inc. (OTCBB:MGOA), a leading solution provider in physical water treatment, microbiological control, waste water treatment and air purification, announced today that it has launched its new investor relations website at www.megolacorp.com.
This new website will serve as a medium to share all of the company's relative information with Megola's current and future shareholders. The site, which will be updated constantly, will include information such as descriptions of the company's products and services, its new business model, background on its industry, key people and their expertise, some of the companies Megola is working with, and links to the company's financials and press releases.
"This new site should prove to be extremely valuable to anyone who is interested in Megola. It will give a clear picture of who we are, where we came from, where we're headed and what is and will set us apart from the competition," says Joel Gardner, Chief Executive Officer of Megola, Inc.
"Since going public late last year, Megola has been attracting ever-increasing amounts of interest from the investment community. We felt that it was important to make sure that the latest information about our company is just a mouse click away for our shareholders, as well as for anyone that is considering investing in our company. I believe this new investor relations website will help everyone to get a clearer picture of Megola and that anyone who visits our site will be impressed with what we are doing and the direction we are heading," continues Gardner.
Megola recently announced that it has launched a new business model, which the company believes could significantly boost its revenues. Under this new model, the company will partner with its clients to provide "tailor-made" solutions to whatever air/water-quality problems those clients might be experiencing, so as to find ways to improve the clients' productivity and profitability. Within these partnerships the client companies will not incur any upfront fees, but instead will share the cost savings generated through their partnership with Megola. 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.
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.