Lil
03-22-2006, 09:18 AM
CORUNNA, ON -- (MARKET WIRE) -- 03/22/06 -- Megola Inc. (OTC BB: MGOA), a leading
environmental solution provider in physical water treatment,
microbiological control, wastewater treatment and air purification,
announced today a revenue increase for its 2006 Q2 Report, which ended
January 31, 2006.
Megola's financial year runs from August 1 to July 31. Megola's audited
2006 second quarter financials, ending January 31, 2006, show a 784.55%
increase in revenue, to $274,616 from $31,046, as compared to the second
quarter financials of 2005. Megola's audited 2006 first quarter
financials, ending October 31, 2005, increased 333.54% to $202,187 from
$46,636 as compared to the first quarter financials of 2005.
In 2005, Megola's total revenues increased 220.81% to $713,135 from
$222,294 in 2004.
"We are once again very pleased with our quarter results. We had dedicated
this quarter to building on our progress in China, not only by increasing
sales but also by manufacturing new products and accessories. We expect
this ongoing relationship with our Chinese distributor/manufacturer to
enhance our market penetration in Asia and subsequently follow with the
same success in North America," says Joel Gardner, Chief Executive Officer
of Megola Inc. "We feel that, with our manufacturing structure now in
place, we are well positioned for sales growth in North America as we can
now offer 'whole house' product solutions for both water and air treatment
in the residential market."
For more information about Megola Inc. please visit the corporate website
(http://www.megola.com)
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.
Contact:
Investor Relations:
KBM Consulting, Inc.
Greg Weissman
IRinfo@megola.com
866-281-3258
environmental solution provider in physical water treatment,
microbiological control, wastewater treatment and air purification,
announced today a revenue increase for its 2006 Q2 Report, which ended
January 31, 2006.
Megola's financial year runs from August 1 to July 31. Megola's audited
2006 second quarter financials, ending January 31, 2006, show a 784.55%
increase in revenue, to $274,616 from $31,046, as compared to the second
quarter financials of 2005. Megola's audited 2006 first quarter
financials, ending October 31, 2005, increased 333.54% to $202,187 from
$46,636 as compared to the first quarter financials of 2005.
In 2005, Megola's total revenues increased 220.81% to $713,135 from
$222,294 in 2004.
"We are once again very pleased with our quarter results. We had dedicated
this quarter to building on our progress in China, not only by increasing
sales but also by manufacturing new products and accessories. We expect
this ongoing relationship with our Chinese distributor/manufacturer to
enhance our market penetration in Asia and subsequently follow with the
same success in North America," says Joel Gardner, Chief Executive Officer
of Megola Inc. "We feel that, with our manufacturing structure now in
place, we are well positioned for sales growth in North America as we can
now offer 'whole house' product solutions for both water and air treatment
in the residential market."
For more information about Megola Inc. please visit the corporate website
(http://www.megola.com)
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.
Contact:
Investor Relations:
KBM Consulting, Inc.
Greg Weissman
IRinfo@megola.com
866-281-3258