POINT EDWARD, ON - Megola Inc. (OTCBB: MGON) and EcoBlu Products, Inc. are pleased to announce we will be supporting a local environmental initiative building a "Smart House" at Lambton College on its Sarnia, Ontario campus. This state-of-the-art home will incorporate the latest energy efficiency technologies, such as geothermal heating, solar panels, a grass or moss roof, and a steel solar thermal wall. The house will serve as a unique working lab for several of the College's programs, including its Alternative Energy Engineering Technology program and will also be open periodically to the public. The project has been in the planning stages for the past 2 years while funding and donations have been secured and construction is scheduled to start in the next month.
The house will be built primarily with lumber coated with EcoBlu's Bluwood™Plus technology which incorporates Megola's Hartindo™ AF21 Fire Inhibitor. The coated lumber provides lifetime protection against mold, rot, termites and value added fire in an environmentally friendly chemical formulation.
"Megola is excited to be part of such a wonderful project that is taking place right in our own community. When we heard about the Smart House, we immediately knew it would be a perfect fit for Megola and EcoBlu and we are happy to donate our product to this exciting project. Lambton College has made a commitment to be a leading edge learning facility in the area of sustainability, alternative energy and environmentally sound practices and we are grateful that they have agreed to include our technology in the construction process," stated Joel Gardner, president and CEO of Megola Inc.
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™ technology (Fire Retardant Coating). EcoBlu products utilizing BLUWOOD™ and FRC™ 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.
As of July 6, 2010, the Common Share structure for Megola is as follows:
Authorized: 200,000,000
Outstanding: 29,998,905
Restricted: 7,099,087
Float: 22,899,818
Shareholders and investors are strongly cautioned against placing undue reliance on information set forth in these communications in making any investment decisions concerning our securities.
Source: EcoBlu Products Inc.
The house will be built primarily with lumber coated with EcoBlu's Bluwood™Plus technology which incorporates Megola's Hartindo™ AF21 Fire Inhibitor. The coated lumber provides lifetime protection against mold, rot, termites and value added fire in an environmentally friendly chemical formulation.
"Megola is excited to be part of such a wonderful project that is taking place right in our own community. When we heard about the Smart House, we immediately knew it would be a perfect fit for Megola and EcoBlu and we are happy to donate our product to this exciting project. Lambton College has made a commitment to be a leading edge learning facility in the area of sustainability, alternative energy and environmentally sound practices and we are grateful that they have agreed to include our technology in the construction process," stated Joel Gardner, president and CEO of Megola Inc.
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™ technology (Fire Retardant Coating). EcoBlu products utilizing BLUWOOD™ and FRC™ 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.
As of July 6, 2010, the Common Share structure for Megola is as follows:
Authorized: 200,000,000
Outstanding: 29,998,905
Restricted: 7,099,087
Float: 22,899,818
Shareholders and investors are strongly cautioned against placing undue reliance on information set forth in these communications in making any investment decisions concerning our securities.
Source: EcoBlu Products Inc.
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