Megola, Inc. (OTC PINKS: MGON) is pleased to announce that the transition to their new Transfer Agent, Colonial Stock Transfer has been completed. Megola's CEO, Eric Ottens states “it has been a long, arduous process getting all the corporate records updated and compliant with the Nevada Secretary of State. We had an SEC accredited attorney review all our documents and it was necessary to refile and restate much of the documentation with the Nevada Secretary of State (SOS).” While he had previously stated that Megola was ready to complete all the updated filings with OTC markets he acknowledges “it has been exceedingly slow to ratify, correct and update all the records with the State of Nevada. Unless we updated all the records with the State we could not move forward with updating FINRA and OTC filings. We are now filing the last updates with the Nevada SOS. We apologize to our shareholders for delaying news releases but when we took over control of Megola in October 2018 we had no idea the extent of the documentation that needed to be corrected and updated since it has been five years since any information was released through OTC Markets. We are also making arrangements with a local CPA to update our financial statements, all with the objective of becoming current with FINRA and OTC filings. We want to do things right”.
The Company again wishes to notify all shareholders and persons of interest that Megola, Inc. will be making announcements and updates via social media. Updates can be found at the social media channels on Twitter https://twitter.com/MegolaMMJ and a Facebook Business Page https://www.facebook.com/Megola-Inc-1844493719004617 .
Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
SOURCE Megola, Inc
For further information, contact: Eric Ottens