DataMeg Corp. Announces Year-End Investors Conference Call To Discuss Business Opportunities and Stock Dividend.

Business Editors/High-Tech Writers

BOSTON--(BUSINESS WIRE)--Dec. 17, 2002

DataMeg Corp. (OTCBB:DTMG) announced today that they have scheduled their year-end investors conference call for Friday, December 20, 2002.

The call will take place at 1:00 p.m. EST . Interested shareholders or investors will call 1-972-717-2043 and enter 9482680 to join the call. The call will be hosted by Mr. Andrew Benson, President, DataMeg Corp., Mr. Rex Hester, CEO, North Electric Company, Inc., a wholly owned subsidiary, Mr. Dan Ference, COO, North Electric Company, Inc. and Mr. Anthony Hobbs-Boiardi, representing CAS Communications, Inc. another DataMeg Corp. subsidiary. The call will provide shareholders and investors with an overview of CAS Communications and North Electric Company, Inc. and detail the near and long term opportunities that are available to the Company. There will be a discussion regarding the details of the Stock Dividend that the Company has offered its shareholders. Following the discussion, there will be an opportunity to ask questions.

Mr. Andrew Benson, President, DataMeg Corp., stated, "We are excited and highly motivated regarding the current state of DataMeg Corp's businesses and the reflected effect that our current and future business opportunities have had in elevating shareholder value. We are looking forward to the conclusion of the on-going dialog and negotiations that we are conducting with major telecom industry businesses and moving to the completion of the CAS technology product prototype. We anticipate that the New Year will be a beneficial and rewarding time for the Company and its shareholders."

For information about this conference call contact Rich Kaiser, Investor Relations, YES INTERNATIONAL, #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.