DataMEG Corp. Unveils Product Portfolio of Its Wholly Owned Subsidiary, North Electric Company, Inc. - NECI -.Business Editors/High-Tech Writers SUPERCOMM 2002 ATLANTA--(BUSINESS WIRE)--June 5, 2002 DataMeg Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DTMG) today released the first public descriptions of their Next Generation Network Assurance, "NGNA NGNA Next Generation Network Architecture NGNA National Gerontological Nursing Association NGNA N-Glycolylneuraminic Acid NGNA Next Generation Network Access ", product portfolio provided by their wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , North Electric Company, Inc. (NECI NECI New England Culinary Institute (since 1980; Montpelier and Essex, Vermont) NECI National Electrical Contractors Ireland (UK) NECI National Emergency Communications Institute ). This announcement includes the introduction of the initial product in the "NGNA" portfolio, the NETMapper-M platform for monitoring MPLS (1) (MultiProtocol Lambda Switching) The earlier name for GMPLS. See GMPLS. (2) (MultiProtocol Label Switching) A standard from the IETF for including routing information in the packets of an IP network. networks, which will be available late this year. Information about the "NGNA" Concept and portfolio products is available on the NECI web site at www.northelectriccompany.com The "NGNA" portfolio comprises concepts and products realized by means of the intellectual property acquired through DataMEG's recently finalized merger with NECI. "We are very pleased and excited to be launching our 'NGNA' product portfolio under the DataMEG Corp. banner concurrent with SUPERCOMM 2002 trade show," said Rex Hester, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of NECI. "This is a great opportunity to kick off the next phase of the DataMEG Corp. business plan and broaden the scope of our interaction with the public network carriers who comprise our target market. Everyone who's anybody in the telecom business is at SUPERCOMM, and we can't wait to show them our product portfolio and the business value they will achieve from our solutions." DataMeg Corp. (OTCBB:DTMG), is a development stage technology company focused on developing new technologies, software applications and products primarily serving the telecommunications sector. North Electric Company, Inc. (NECI), a wholly owned subsidiary of DataMEG Corp. is next generation network assurance company focused on providing solutions for monitoring, testing and fault isolation for next generation Softswitch and MPLS based IP and optical transport networks. NECI's innovative products enable service providers to ensure optimal network performance to meet service level agreements through integrative system solutions. For more information, please visit the Web sites of DataMEG Corp and NECI at www.datameg.com and/ or www.northelectriccompany.com Contact Carla Erickson, Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most for DataMEG Corp./NECI-919/341-6000 and/ or Richard Kaiser, Yes International, for Investor Relations Investor relations The process by which the corporation communicates with its investors. at 800/631-8127. The statements made in this press release, which are not historical facts, contain certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. Actual results of the company's operations generally may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties, including, without limitation, the company's dependence on third parties, general market and other factors, many of which are beyond the control of the company. |
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