DataMEG Corp. Subsidiary North Electric Company, Inc. Releases Application Note on Converged IP Network Assurance.

Business Editors/High-Tech Writers

RALEIGH, N.C.--(BUSINESS WIRE)--Dec. 19, 2002

DataMEG Corp. (OTCBB: DTMG) announced today that their wholly owned subsidiary, North Electric Company, Inc. (NECI) is addressing the "Converged IP Network Assurance" market and has provided an associated Application Note on their web-site at www.northelectriccompany.com in preparation for the DataMEG Corp. year-end investor conference call scheduled for Friday.

Dan Ference, Chief Operating Officer NECI stated, "We provided this overview of our product application for 1Q 2003 for those who are interested in understanding more technical detail about the application. Rex Hester, our Chief Executive Officer, has been focused on customers and customer relations for the past 6 months and Mr. Hester will describe our business activities and opportunities associated with this lead application during the investor conference call on Friday."

Rex Hester stated, "NECI is focused on delivering products and applications that provide real value to its customers. In today's market it is essential to have relationships with customers that enable a company like NECI to have insight into the real needs of the major carriers as they evolve their networks to IP based solutions. Products must solve an immediate problem, or satisfy a major requirement in order to be considered for purchase. Funding for such projects is difficult in this market environment, and that is why we have focused on building relationships that allow us to meet real customer needs. Over the past 6 months we have worked with major service providers to define and focus on these opportunities and will be delivering our first product application for evaluation in the first quarter of 2003. This will be the first in a series of product application releases scheduled in 2003."

With headquarters in Raleigh North Carolina, North Electric Company, Inc. (NECI), a wholly owned subsidiary of DataMEG Corp. (DTMG OTC: BB) is a provider of network assurance solutions. NECI provides solutions for network-level monitoring and testing with automated fault isolation of converged broadband IP networks and MPLS-based IP and optical transport networks. Our innovative products enable service providers to effectively introduce new services and to ensure optimal network performance to meet Service Level Agreements (SLA's) through integrated system solutions that lower operational costs. Additional information about NECI is available at www.northelectriccompany.com.

Except for the historical information contained herein, this press release contains forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended that involve a number of risks and uncertainties. These forward-looking statements may be identified by reference to a future period by use of forward-looking terminology such as ``expect,'' ``anticipate,'' ``could,'' "would," "will," and ``may'' and other words of similar nature.

There are certain important factors and risks that could cause results to differ materially from those anticipated by the statements herein. Such factors and risks include the successful completion of the CAS technology development, the successful completion of projects underway at North Electric Company and the business conditions and growth in related areas of telecommunications, wireless and digital transmission areas, and in the economy in general. Competitive factors include the rapid pace of alternative technology advancements and the Company's ability to gain market acceptance of its evolving products. Other risks may be detailed from time to time in our filings with the Securities and Exchange Commission. Neither DataMEG Corp. nor its subsidiaries undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.