DataMeg Corp. Clarifies Stock Dividend Distribution.

Business Editors/High-Tech Writers

BOSTON--(BUSINESS WIRE)--Dec. 30, 2002

DataMeg Corp. (OTCBB: DTMG) announced today that, the ten percent (10%) stock dividend that will be payable to shareholders of record as of Wednesday, January 8, 2003; in clarification to its' shareholders, will be enacted as follows:

All shareholders of record following the close of trading on January 8, 2003 will be eligible to receive the 10% stock dividend, payable in common shares of the Company stock. Shareholders of record will NOT be required to send their certificates to the Company's transfer agent in order to receive the dividend. The dividend shares will be payable on February 8, 2003. The transfer agent is: Fidelity Transfer, 1800 S. West Temple Street, Suite 301, Salt Lake City, UT 84115.

The dividend is no longer subject to a pending authorized share increase being executed by the Company, as that has been filed with the State of New York. If you have questions please contact the Company at their website, www.Datameg.com or 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.