CORUNNA, Ontario, May 6, 2005 (PRIMEZONE) -- Megola Inc. (OTCBB:MGOA), a leading environmental solution provider in physical water treatment, microbiological control, wastewater treatment and air purification, announced that it has initiated a new product trial with BuyMax, LLC, to introduce Megola's recently acquired ultraviolet (UV) water disinfection systems.
BuyMax (http://www.4buymax.com), a subsidiary of VenVest (http://www.venvestinc.com), is dedicated to providing an e-commerce purchasing platform with preferential pricing and/or cash rebates on virtually every product necessary to cost effectively operate an HVAC, plumbing or electrical services company. BuyMax offers private-label products exclusively to its members as well as hundreds of high quality, universal products provided by industry leading vendor partners and national suppliers.
"This product trial is similar to the one BuyMax completed with our ScaleGuard product line, after which BuyMax signed an agreement to become the exclusive distributor in the United States for the residential ScaleGuard systems," states Joel Gardner, CEO of Megola Inc. (see release March 23, 2005).
"We will continue to work with Megola to market and distribute their environmental water treatment products. Our mission at BuyMax is to provide our members with a competitive advantage in their market through exclusive, high quality private-label products such as those offered by Megola. Our membership is excited to begin trials with Megola's UV water disinfection systems," states Mike Robinson, President of BuyMax, LLC.
"With BuyMax's vast distribution network and selling power it is important to provide their network with not only superior products, but also excellent profit margins. This ongoing relationship with BuyMax also helps us in realizing our main distribution objective of finding quality companies throughout the world to carry one, if not all, of the products we offer," adds Dennis Davies, Megola's distribution manager.
Megola Inc. (http://www.megola.com), is in the process of completing the redevelopment of its corporate structure while greatly expanding both the scope of its offerings and its reach throughout the global marketplace. This is a continuance of the new business model that was launched last year, which the company believes will 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.