DataMeg Corp. Announces Stock Dividend.

Business Editors/High-Tech Writers

BOSTON--(BUSINESS WIRE)--Dec. 16, 2002

DataMeg Corp. (OTCBB:DTMG) announced today that a ten percent stock dividend will be payable to shareholders of record as of Wednesday, January 8, 2003.

All shareholders of record following the close of trading on January 8, 2003 will receive a 10% stock dividend payable in common shares of the Company stock. Shareholders of record will be required to send their certificates to the Company's transfer agent in order to receive the dividend. The dividend is not payable unless the certificate is exchanged with the transfer agent. Shareholders should contact their brokerage firm to determine how the exchange process may be executed. The transfer agent is: Fidelity Transfer, 1800 S. West Temple Street, Suite 301, Salt Lake City, UT 84115, #801-484-7222.

Andrew Benson stated: "There is an apparent short position which has been suffocating the share price despite the high trading volumes in the stock. We want to issue this dividend to reward DTMG shareholders for their loyalty and patience, and to correct obvious problem which has diminished shareholders value."

The dividend is subject to a pending authorized share increase being executed by the Company. If you have questions please contact the Company at their website, www.Datameg.com and/or Rich Kaiser, Investor Relations, YES INTERNATIONAL at 800-631-8127.

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.