SUCN news
15:59 EDT Thursday, July 17, 2003
EDMONTON, Alberta and CORUNNA, Ontario, July 17 /PRNewswire-FirstCall/ -- Joel Gardner, President and founder of Megola Inc. and Aldo Rotondi, President of Superiorclean Inc. (OTC Bulletin Board: SUCN), announced today that a Common Stock Purchase Agreement with respect to the acquisition by Superiorclean Inc., a Nevada corporation, of all of the issued and outstanding common stock of Megola Inc., an Ontario corporation was executed as of July 8th, 2003.
Under the agreement, shareholders of Superiorclean will retain 28.96% and shareholders of Megola at the time of completion will receive 71.04%, respectively, of the voting rights of the parent company, Superiorclean. It is anticipated that Mr. Joel Gardner, founder of Megola, will be President and Director of Superiorclean and the surviving subsidiary, Mr. Todd Clark will become Secretary/Director of Superiorclean. Mr. Rotondi will remain as a director of Superiorclean and the surviving subsidiary.
About Megola Inc.
Megola Inc. is a privately held Ontario corporation based in Corunna, Ontario, Canada, committed to solving hard water problems without the use of harsh chemicals that, in the long run, have deleterious effects to your budget and our environment. Megola's ScaleGuard device uses virtual low-voltage, high-frequency radio waves that alter the scale-forming properties of the water.
Megola Inc. is also the exclusive worldwide distributor for a German company, Megola Gmbh, that designs and manufactures the ScaleGuard series of physical water treatment equipment that eliminates the problems caused by hard water. Megola Inc. has created a distribution network throughout the world in which many companies are having great success as the ScaleGuard device continues to perform admirably. Such companies that are currently working with Megola are Honeywell, Baltimore Aircoil (BAC), Sunoco Refinery, Betlem Services, DuPont Canada, Commercial Refrigeration, Dalian Bingshan (China), Comesur (Mexico), P.T. Batara Surya Seemestra (Indonesia).
Megola's pledge is to confidently provide a product that will solve any particular hard water problems without impacting the environment in a very cost-effective measure.
Visit http://www.megola.com for more information on Megola Inc.
ABOUT SUPERIORCLEAN INC.
On February 25,2003, SuperiorClean, Inc. filed an 8-K reporting a Change of Control of the Company. Mr. Aldo Rotondi and Nevada Fund, Stephen Brock; President, acquired control of the Company via the purchase of 5,000,000 shares of SUCN common stock. Mr. Rotondi and the Nevada Fund each own 2.5 million shares or 73.27% of voting securities. Aldo Rotondi is acting as the President and sole director of the Company. On June 23, 2003 SUCN had also filed an 8-K reporting that it had entered into a Letter of Intent for a proposed business combination between Superiorclean Inc., and JDGI Corporation. It later terminated that agreement and returned JDGI's $35,000 deposit.
SuperiorClean, Inc. has been fully dependent upon its current management and/or significant shareholders to provide sufficient working capital to preserve the integrity of the corporate entity. Management and significant shareholders have been providing the necessary working capital necessary to support and preserve the integrity of Superiorclean's corporate entity.
HISTORICAL BUSINESS INFORMATION: The Company was initially incorporated on March 29, 2001 under the laws of the State of Nevada and its effective date of being quoted on the NASD OTCBB was Dec. 11, 2002. Through 2001 & 2002, the company was marketing Superior Carpet Care's unique business model as an attractive franchise to potential franchisees in the substantial carpet care industry.
To view more information on Superiorclean Inc., visit http://www.superiorclean.net .
Some of the statements in this communication are "forward-looking statements." These forward-looking statements involve certain known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. These factors include, among others, the factors set forth above under "Risk Factors." The words "believe," "expect," "anticipate," "intend," "plan," and similar expressions identify forward- looking statements. We caution you not to place undue reliance on these forward-looking statements. We undertake no obligation to update and revise any forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements in this document to reflect any future or developments.
SOURCE Superiorclean Inc.
CONTACT: Aldo Rotondi of Superiorclean Inc., +1-416-352-6053
© PR Newswire
News 
Market Data 
Discover 
AI
