Megola Inc. - Megola Product Used in City of Toronto New Parklets
November 19 2013 - 3:00PM
OTC Markets
Megola Inc. - Megola Product Used in City of Toronto New
Parklets
Megola Inc. - Megola Product Used in City of Toronto New
Parklets
MISSISSAUGA, ON--(Marketwired - Nov 19, 2013) - Megola
Inc. (OTC Pink: MGON) The urban experiment which aims to
bring life to streets in downtown Toronto could follow up with
trials on other main streets throughout the city.
The Church St. pilot features the installation of "parklets" --
wood decks with planters and public seating -- on parking spaces
for a few blocks south of Wellesley. "This is a creative way to
expand and animate the public realm without a major rebuild of the
streets or sidewalks," says Nancy Chater, of the Planning
Partnership. "Parklets are appearing in North American cities.
Church Street is leading the way for Toronto."
The parklets, which get their name because they cover over street
parking spaces, are being built with support Carpenters &
Allied Workers Loc. 27, Vaughan, and others from the General
Contractors section of the Toronto Construction Association. About
a dozen apprentices and journeypersons from Loc. 27 are involved in
the pre-assembly and field assembly. Home Depot is donating the
lumber and materials. Megola Inc. is supplying its fire inhibitor
to enhance safety.
Mike Yorke, president, Loc. 27, sees the pilot as an example of
what main streets in downtown Toronto might consider doing for the
2015 Pan American Games. "Starting in 2014, we might start to see
dozens of streets putting them (parklets) up."
"It was a privilege to be a small part of this exciting project and
we extend our congratulations to Mike Yorke, The Carpenters &
Allied Workers, Local 27, and the City of Toronto in this
experiment which succeeded in all areas of the plan," said Magaly
Bianchini, CEO of Megola Inc.
About Megola Inc.
The Company is a Nevada based corporation that owns proprietary
knowledge and patents in the fire retardant and innovative water
solutions sector. The newly restructured company has years of
research and testing available which will enable the company to
commercialize its products almost immediately. Our mission is to
continue improving and expanding our line of products in both
fields and concluding on ongoing contract discussions with a
variety of suppliers and distributors. Megola is a public company
trading on OTC Markets, under the symbol MGON.
http://www.youtube.com/user/MEGOLAinc
www.megolainc.com
Safe Harbor Statement
Sections of this press release contain forward-looking statements,
which reflect management's best judgment based on factors currently
known but involve significant risks and uncertainties. Actual
results could differ materially from those anticipated in these
forward-looking statements as a result of a number of factors,
including but not limited to risks more fully described in the
"Risk factors" section of the Company's Annual Report and other
risks. Forward-looking information provided pursuant to the safe
harbor established by recent securities legislation should be
evaluated in the context of these factors.
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