VISTA, Calif., Nov. 19, 2009 (GLOBE NEWSWIRE) -- EcoBlu Products, Inc. (OTCBB:ECOB), provider of eco-friendly, protected wood products, has signed an exclusive licensing agreement with fire protection supplier Megola, (Pink Sheets:MGOA), adding to the company's proprietary BLUWOOD(TM) technology which protects wood from the harmful effects of mold, rot-decay and termites. The exclusive partnership enables EcoBlu to protect both dimensional lumber and engineered wood against another devastating threat -- fire.
As a part of the agreement, EcoBlu has acquired the exclusive rights to Megola's Hartindo AF21 Fire Inhibitor in North America as an additive to EcoBlu's BLUWOOD(TM) technology. Hartindo AF21 provides Class A fire protection for dimensional lumber, panels and engineered wood products.
"In addition to protecting wood from mold, termites, wood-rot and now fire, this agreement provides EcoBlu with a comprehensive solution able to address the long-standing problem of the increased flammability of engineered wood products," said Steve Conboy, President and CEO of EcoBlu Products, Inc.
The increased flammability of Engineered Wood Products versus natural dimensional wood products has caused concern among Industry leaders, fire protection advocates and project designers. Demand for engineered wood products continues to grow due to their strength, cost effectiveness and the lack of mature dimensional lumber. Protecting engineered wood from fire will mitigate this threat to safety and support further growth for engineered products.
"We sought to partner with EcoBlu because they have the potential to be the leader in this important building products category and have the expertise and capacity to grow swiftly," said Joel Gardner, president and CEO of Megola, Inc.
Megola, recognized as an industry leader in fire protection, will supply EcoBlu with its proprietary, non-toxic, environmentally friendly solution, utilizing its blending facilities in the U.S.
About EcoBlu Products, Inc.
EcoBlu Products, Inc. is a manufacturer of proprietary wood products coated with an eco-friendly chemistry that protects against mold, fungus, rot-decay, wood ingesting insects, termites, and fire with EcoBlu's FRC(TM) technology (Fire Retardant Coating). EcoBlu products utilizing BLUWOOD(TM) and FRC(TM) technology is the ultimate in wood protection, preservation, and fire safety to building components constructed of wood; from joists, beams and paneling, to floors and ceilings.
The Company is committed to the development, marketing and sales of environmentally-responsible building materials. EcoBlu products are ready to deliver the winning edge to builders and the environment with its sustainable green product line.
About Megola, Inc.
Megola Inc. is a Nevada Corporation based in Point Edward, Ontario, Canada, and traded on the Pink Sheets under the symbol MGOA. The company is committed to providing environmental solutions through advanced technology and solving environmental problems using the most environmentally sustainable means possible that in the long term will have positive impact on company budgets and the environment. Megola Inc. is the exclusive North American manufacturer and co-exclusive distributor of the Hartindo Anti-Fire product line and the exclusive world-wide distributor of the ScaleGuard series of physical water treatment equipment. www.megola.com
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: The statements in this release relating to completion of the acquisition and the positive direction are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include, but are not limited to, contractual difficulties which may arise, the failure to obtain necessary approvals, the future market price of EcoBlu Products, Inc. common stock and the ability to obtain the necessary financing.