CORUNNA, Ontario, July 25, 2005 (PRIMEZONE) -- Megola Inc. (OTCBB:MGOA), a leading environmental solution provider in physical water treatment, microbiological control, wastewater treatment and air purification, announces that BuyMax LLC has ordered an additional 1,000 residential ScaleGuard (TFK) units. The ScaleGuard systems are an environmentally friendly, cost-efficient solution to solving hard water problems and are an alternative to the conventional salt softening and chemical equipment.
About BuyMax LLC
BuyMax, a subsidiary of VenVest (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.
BuyMax's initial 500 TFK unit order has already been filled per the original reseller agreement, and the minimum yearly order requirements have already been surpassed. Megola Inc. announced its relationship with BuyMax LLC on March 23, (http://biz.yahoo.com/pz/050323/75027.html) giving BuyMax the exclusive distribution/selling rights to Megola's residential ScaleGuard (TFK) units for the United States.
"Our agreement with BuyMax is proving to be a huge success. Both Megola and BuyMax are better positioned to meet our corporate goals as we expand our products and services into the national marketplace," said Joel Gardner, Chief Executive Officer of Megola Inc. "With more than 1,600 dealers in their network, we believe that we are just starting to scratch the surface of the enormous potential of this relationship. Once consumers become more aware of the environmental and cost benefits of using our ScaleGuard systems, these numbers will only get better," continues Gardner.
"We are extremely pleased with the professional distribution network that BuyMax brings to Megola. We will utilize them as the template model for penetration into other industries with all of our product lines. It is our intention to add new distribution networks across all industries we are able to serve," states Dennis Davies, Distribution Manager of Megola Inc.
About Megola Inc.
Megola Inc.(www.megola.com) develops enabling technologies for industrial, commercial, agricultural, and residential users. Megola Inc. is in the process of 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. Megola has also expanded to include other applications and products, utilizing technologies such as ultraviolet light, ozone and copper ions, 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.