Megola Inc. and MSE Enviro-Tech Corp. Sign Definitive Marketing and
Distributorship Agreement with Janus Products Corp. for Titan 21
Fire Blankets
CORUNNA, ONTARIO - November 29, 2007 -
Megola Inc. (Other OTC:
MGOA.PK -
News )
and MSE Enviro-Tech Corp. (Other OTC:
MEVT.PK -
News and
Frankfurt:
MEH.F -
News ),
are pleased to announce the signing of a definitive marketing and
distribution agreement with Janus Products Corp. (Janus) for
distribution and sales of the Titan 21 Fire Blanket for the
residential markets within Canada and the United
States.
Highlights of the Agreement:
For
the initial five year term of the Agreement, Janus agrees to
purchase the Titan 21 Fire Blankets through both Megola Inc.
and MSE Enviro-Tech Corp., and also pay a quarterly royalty on
all Janus’ sales of the product. Renewal of the
Agreement will automatically occur in the event that Janus
meets the following minimum product sales
conditions:
| |
k)
|
At
least 250,000 units in the first 12 consecutive months
|
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l)
|
At
least 750,000 units cumulatively within the first 24 consecutive
months
|
| |
m)
|
At
least 1,250,000 units cumulatively within the first 36 consecutive
months
|
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n)
|
At
least 1,750,000 units cumulatively within the first 48 consecutive
months
|
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o)
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At
least 2,500,000 units cumulatively within the first 60 consecutive
months
|
Renewal
of the Agreement shall occur in 12 month increments, and be
conditional on minimum sales of 500,000 units in the previous
12 month period.
Upon
signing, MSE Enviro-Tech Corp. President and CEO, Michael
Robinson commented, “We look forward to working closely
with Megola Inc. and Janus Products Corp. to support the
market development by Janus for the Titan 21 Fire Blanket
through this comprehensive Distribution and Sales Agreement.
Janus Products Corp.’s endorsement of Titan 21 for an
aggressive marketing program was a major factor in selecting
Janus to develop the market potential for this tremendous
product.”
“This
Agreement provides a strong foundation for Megola and MSE
Enviro-Tech as we continue to work towards bringing all
Hartindo product lines to market. It is a pleasure to have MSE
Enviro-Tech Corp., and now, Janus Products Corp., share in our
commitments here at Megola. By working in collaboration, the
efforts and costs associated with introducing Hartindo are
shared and help to expedite our goal of bringing these great
products to h
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