News

Datameg Forms Advisory Board; Names Discovery Investing Pioneer Dr. Michael Berry as First Member

Boston, MA., August 30, 2005 – Datameg Corporation (OTC BB:DTMG), today announced the formation of its Board of Advisors, naming Dr. Michael Berry to the board as its first member. The Datameg advisory board will consist of highly accomplished individuals who provide counsel and direction on developing technology standards, financial and business strategy, and products and services that create new levels of performance and reliability for next generation network services. As a recognized expert in capital markets and behavioral investing, Dr. Berry will offer Datameg guidance on strategies for increasing shareholder value.
“We are excited to welcome Dr. Berry to our newly created Board of Advisors. Datameg continues to attract world-class business and technology leaders, and we are extremely proud of the strength of the new management team that we have in place and continue to grow," said Mark McGrath, chairman and CEO of Datameg. "Our Board of Advisors will consist of thought-leaders across a wide range of industries that provide important insight for the successful development of our company, and technology that will best serve our customers.”

Dr. Berry is a pioneer in Discovery Investing, an investing discipline that seeks to identify companies and technologies positioned to exploit societal and economic mega-trends. Dr. Berry publishes, Morning Notes by Michael Berry, Ph.D. This newsletter provides analyses of emerging geopolitical, technological and economic trends, as well as, discovery opportunities. Dr. Berry has been a portfolio manager for both Heartland Advisors and Kemper Scudder where he successfully managed small and mid cap value portfolios. Previously, Dr. Berry was a professor of investments at the Colgate Darden Graduate School of Business Administration at the University of Virginia and has also held the Wheat First Endowed Chair at James Madison University.

About Datameg
Datameg Corporation (OTC BB:DTMG) is a development stage technology company focused on supplying products and related services that support critical network performance requirements in the rapidly converging voice, data and video communications industry. Specifically, through Datameg's wholly owned subsidiary QoVox Corp., the company designs, develops and offers 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). The VoIP industry critically depends on the ability to deliver voice service over the Internet infrastructure with the high quality that end-users have grown to expect with traditional telephony services. The company believes network monitoring for voice quality is a vital function for the successful commercial future of IP telephony.
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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 industry. These risks, uncertainties and assumptions are detailed in documents filed by us with the Securities and Exchange Commission.

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