CORUNNA, Ontario, Nov. 15, 2004 (PRIMEZONE) -- Megola, Inc. (OTCBB:MGOA), a leading solution provider in physical water treatment, microbiological control, wastewater treatment and air purification, announced today that the company's CEO, Joel Gardner, has issued an open letter to Megola's shareholders and posted the letter on the company's investor relations website. In the letter, Mr. Gardner reviews the events that have taken place during Megola's first year as a public company.
"It has been a very exciting year for everyone at Megola and as we near our first anniversary as a public corporation, it is only appropriate to thank our loyal shareholders and recap everything that has brought us to this point. In this letter, I was also able to explain a little more in-depth the current direction Megola is heading as we continue to grow our company, which, in turn, will help increase shareholder value," states Joel Gardner, CEO of Megola, Inc.
Mr. Gardner's open letter may be read in its entirety at: www.megolacorp.com/Shareholders/CEOletter.pdf
Since going public late last year, Megola (www.megolacorp.com) has been attracting ever increasing amounts of interest from a variety of industries. The company is in the process of greatly expanding both the scope of its offerings and its reach throughout the global marketplace. Through the continuance of the new business model that was previously launched this year, Megola believes it can significantly boost its revenues.
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.