Consists of patented product lines for Revolutionary durable coatings with persistent anti-microbial and odor control properties
Megola, Inc. (OTCMKTS:MGON)
BONITA SPRINGS, FL, UNITED STATES, February 6, 2023 — Megola Inc. (OTC-PINK MGON) is a Consortium Group of Health Technologies and Eco-Friendly Product Lines has signed a definitive agreement regarding Purchase, License of Patents, Product Lines, Manufacturing and Other Specified Assets of Medesol Global LLC.
“Cannot even express how big this will be for our company. Acquiring these new groundbreaking product patented technologies from Medesol and our management team working hand in hand with our new partners will expand all our product sales to global markets”, states CEO Robert Gardiner.
Major Breakthrough for Odor control for personal hygiene products
Megola Advisory board member, Prof. Jeffrey F. Williams Ph.D comments:
The need for odor control in the use of personal hygiene products such as incontinence diapers is a serious and growing problem in the ageing adult population in the US. Yet no innovative technologies to overcome malodor have ever been introduced in this product category, despite how important it is for the quality of life of people affected.
Now all that is about to change as a result of arecent breakthrough in the chemical processing of an important component of the absorptive core used in incontinence garments, as well as in feminine hygiene pads and infant diapers. Globally about three million metric tonnes of superabsorbent polymer granules (SAP) are used each year in the manufacture of these absorptive cores, all for the purpose of soaking up fluids. For the first time it’s become possible to modify these SAP’s on an industrial scale so as to enable them to
neutralize malodors in a unique and powerful way.
The simple, economical process is covered in a US patent application (filed in 2022), and Megola holds exclusive rights to commercialization of the invention for the American continent. While 85% of SAP worldwide goes into infant diapers, almost all the remaining portion gets used in incontinence and feminine hygiene devices. The total global market for products that incorporate SAP exceeds $100B per year.
Key products:
• Household Care • Household Disinfectants • Food Preservation • Pet Care • Automotive
• Commercial and Industrial Odor Control • Air Filtration
• Personal hygiene (underarm, foot odor products, adult & baby diapers)
Includes raw materials valued at $76,144.
Medesol Global has been compensated with 25,000 Restricted Pfd D shares with stated value of $10 per share and $25,000 cash payment for inventory.
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For more information Contact:
Megola, Inc.
Attn: John MacLeod
http://twitter.com/megolacorp
admin@megolacorp.com
1-888-587-1698
Stock information here: https://www.otcmarkets.com/stock/MGON/overview
Forward-Looking Statements
The statements contained in this release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “could,” “should,” “expect,” “plan,” “project,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “pursuant,” “target,” “continue,” and similar expressions are intended to identify such forward-looking statements. The statements in this press release that are not historical statements, including statements regarding MGON’s plans, objectives, future opportunities for MGON’s services, future financial performance and operating results and any other statements regarding MGON’s future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts, are forward-looking statements within the meaning of the federal securities laws. These statements are not guarantees of future performance and are subject to numerous risks, uncertainties, and assumptions, many of which are beyond MGON’s control, and which could cause actual results to differ materially from the results expressed or implied by the statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict, and include, without limitation, results of litigation, settlements and investigations; actions by third parties, including governmental agencies; volatility in customer spending; global economic conditions; ability to hire and retain personnel; loss of, or reduction in business, with key customers; difficulty with growth and integration of acquisitions; product liability; cybersecurity risk; and, anti-takeover measures in our charter documents. Any forward-looking statement is made only as of the date of which such statement is made. Except as otherwise required by applicable law, we undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise.