Megola Signs LOI with Medesol Global LLC

Acquires: Revolutionary durable coatings with persistent anti-microbial and odor control properties

BONITA SPRINGS, FL, UNITED STATES, January 23, 2023: Megola Inc. (OTC-PINK MGON) Megola, Inc. (“MGON”, “Company”) is a Consortium Group of Health Technologies and Eco-Friendly Product Lines entered into a Letter of Intent regarding potential Purchase, License of Intellectual Property, Product Lines, Manufacturing and Other Specified Assets of MEDESOL GLOBAL INC.

“Another big milestone for the company as we continue to add new groundbreaking product technologies to our portfolio. We have built a solid management and advisory teams that will expand all our product sales to global markets”, states CEO Robert Gardiner.

Key items:

o The Purchaser will use diligent commercially reasonable efforts to complete its due diligence efforts within thirty (30) days following the execution in full of this Letter of Intent (the “Diligence Period”).

MedeSol Global Products/Markets

o Household Care
o Household Disinfectants (requires EPA registration)
o Food Preservation
o Pet Care
o Automotive
o Commercial and Industrial Odor Control
o Air Filtration
o Personal hygiene 

o 4,000 pounds of MedeSol Oxidizing Powder x $1.90 each = $7,600, located in Issaquah, WA at MedeSol warehouse
o 45,696 24oz bottles of Hypochlorous Acid Spray x $1.50 = $68,544 located in Chicago, IL at 3rd party warehouse

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Megola appoints Joshua Johnston as COO CFO
Megola Signs DEFINITIVE Agreement with GS Capital Blends

For more information Contact:

Megola, Inc.
Attn: John MacLeod

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.