Megola Announces Opening of a Brokerage Account at Glendale Securities, Inc. for Stock Buyback Plan

POINT EDWARD, ON–(Marketwire – September 8, 2010) – Megola Inc. ( OTCBB : MGON ), announced today it has opened a brokerage account with Glendale Securities, Inc. which will enable the company to buyback its common shares in the open market. Megola and Glendale Securities, Inc. will follow the guidelines found in the 1934 Act’s Rule 10b-18 — Purchases of Certain Equity Securities by the Issuer …