Megola Inc. Extends Relationship With Dalian Bingshan H2O3 Environmental Solutions Co. Ltd.Megola Inc. (OTCBB: MGOA), a leading environmental solution provider in physical water treatment, air purification, microbiological control, and wastewater treatment, announced that it will continue its distribution agreement with Dalian Bingshan H2O3 Environmental Solutions Co. Ltd.
Dalian Bingshan H2O3 Environmental Solution Co. Ltd. (H2O3) is a Chinese ozone water treatment system manufacturer that is part of the Bingshan Group (http://www.bingshan.com), one of China's largest diversified conglomerates, consisting of 46 different companies. H2O3 will continue to partner with Megola to promote and market Megola's products in the Far East. H2O3 will also continue as Megola's manufacturing and assembly facility. Megola has a reciprocal agreement to continue to market H2O3's products in North America.
"We have been very pleased with our arrangement with H2O3 as they have been quite successful in distributing the ScaleGuard systems throughout Asia. With the establishment of our manufacturing facilities in China we feel that our relationship is going to become even stronger and more lucrative. With recent additions to our product lines we feel we are in a good position to take advantage of the vast Asian market," states Joel Gardner, CEO Megola Inc.
"Asian populations are becoming very educated about environmental concerns. ScaleGuard is proving to be a popular alternative to chemical use, and we have been very successful in the areas in which it has been implemented. We are excited to continue to hold the distribution rights to Asia and expand our manufacturing capabilities for Megola's line of products," states Sufan Siauw, Vice President of International Sales, Dalian Bingshan H2O3 Environmental Solutions Co. Ltd.
Mr. Siauw has been a member of Megola's advisory board since 2004. He will be up for election to Megola's board of directors as Director of Asian Business Development during Megola's annual meeting on September 25, 2006.
For more information on Megola Inc. and its products, please visit the corporate website (www.megola.com). |
