News

DATAMEG WEIGHS NAME CHANGE

Salt Lake City, UT (Aug. 7, 2007) --  The Board of Directors of Datameg Corporation (OTCBB:DTMG) today announced they have directed company management to explore a name revision to better reflect the company's evolving focus.
Datameg Corporation is evolving into a true holding company which will combine a mix of successful, established businesses with promising technology in the telecommunications industry.

James Murphy, Datameg CEO, said:  "Datameg is defining its mission, as well as its brand, in preparing for growth.  Our recent purchase of The Computer Center is an example of the way we intend to operate.  We purchased for stock a profitable, cash-positive company with the potential for growth. "

Datameg Corporation (OTCBB: DTMG) is a holding company with subsidiaries in the technology industry.  Datameg’s wholly-owned subsidiaries Net Symphony and QoVox Corporation design, develop and offer network-wide fault identification, fault isolation and voice quality assurance products and critical real-time network health and performance monitoring services for both providers and end-users of Internet telephony, now commonly referred to as Voice over Internet Protocol (VoIP).  Computer Ctr.Com provides a wide range of technology solutions and is a strategic technology supplier to QoVox and Net Symphony. For more information on our subsidiaries, visit our web site at www.datameg.com/ir.html

Certain statements contained herein are forward looking.  These forward-looking statements are based on our current expectations and are subject to a number of risks, uncertainties and assumptions.  Many factors could cause actual results to differ significantly from these statements, including our history of operating losses, our need for additional financing, a failure of our products to perform as expected, introduction of competing products by other companies, pressures on prices from competitors and/or customers, regulatory obstacles to new product introductions, lack of acceptance of our products, and changes in the VoIP and technology industries.  These risks, uncertainties and assumptions are detailed in documents filed by us with the Securities and Exchange Commission.  The Company cautions that the foregoing list of important factors is not exclusive.  Any forward-looking statements are made as of the date of the document in which they appear.  The Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company. 

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Investor Contact:
James Flanagan
Aspire Communications
781.863.1333
jflanagan@aspirepr.com

Contact for QoVox:
Constantine Theodoropulos
Boston Communications
617.619.9801
ctheo@bcww.com