CORUNNA, Ontario, Canada, May 18, 2004 (PRIMEZONE) -- Megola, Inc. (OTCBB:MGOA), a leading solution provider in physical water treatment, waste-water management, microbiological control and air purification, announced today that it has launched its new shareholder alert system. This new system has been instituted to increase the level of interaction between Megola and its shareholders, while keeping shareholders abreast of all material developments within the company.
In the months since Megola went public, the company has attracted growing levels of interest from the investment community. This growing interest prompted the company to seek out the best way to facilitate the flow of information to the investment community and open up lines of communication between the company and its shareholders. Megola's new shareholder alert system is the next step in that integrated program.
"Megola is by nature a problem solving organization, so when faced with the challenge of designing a program that will keep our shareholders up to date with the latest company developments and news, as well as our plans for the future, we knew we had to think like we were already a Blue Chip company. That's why we retained an experienced investor relations consulting firm to handle our shareholder inquiries, designed a new website dedicated for the use of our shareholders and instituted this new shareholder alert system. All of the program's components should make it extremely easy for Megola's present and future shareholders to stay on top of company developments and have all of their company-related questions answered by someone in the know, whenever they need. Our first class shareholder relations program is just one of the many things that is setting Megola apart from the competition," states Joel Gardner, Chief Executive Officer of Megola, Inc.
To sign up to receive press releases, news and information from Megola through its new shareholder alert system, please visit the company's new investor relations website at www.megolacorp.com and click on the Investor Alerts tab in the Investor Information Center.
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.