News

Datameg Retains Aspire Communications for Investor Relations

Boston, MA., Sept. 28, 2005 – Datameg Corporation (OTCBB:DTMG) today announced that it retained Aspire Communications, Inc. to spearhead Datameg's investor relations efforts. Aspire Communications will communicate Datameg’s value proposition and investment theme through programs that raise awareness and support for Datameg with the investment community. Aspire is a Boston-area based investor relations and public relations consulting firm with recognized expertise in technology, energy, financial services and medical products. James J. Flanagan III, Aspire’s President and CEO, will lead the Datameg IR team. Flanagan will be the primary contact for Datameg’s shareholders and prospective investors.
"The addition of Aspire to our team will alleviate the increasing time and energy demands placed on key personnel that should otherwise be focusing on our core competency - developing and delivering service monitoring and fault isolation tools and services for next generation network services,” said Datameg Chairman, Chief Executive Officer and President, Mark P. McGrath. “As Datameg enters its go-to-market stage, we will require the guidance and advice of Aspire, a professional IR firm, to ensure that our messages and successes are communicated to the capital markets."

"Datameg’s new vision and the exciting business opportunity and growth potential are essential messages for the investment community,” said Jim Flanagan. “I spent the early days of my career working for GTE in many phases of the telecommunications industry including wireline, satellite, local exchange and cable systems. Later, I consulted to early providers of Voice over Internet Protocol (VoIP) and large Internet infrastructure companies so I know the business models, operations and investor interests. It took me little time to realize Datameg’s potential to provide both its technologies and services to next generation service providers. I want to communicate that exciting story to investors.”

About Aspire
Aspire Communications, Inc is a Boston-area based investor relations and public relations consulting practice. Aspire provides executive level experience and big agency know-how to growth-oriented companies. Aspire combines capital market and financial executive experience with engineering and editorial experience to deliver sound counsel to senior executives and unique insights to the press and investors.

About Datameg
Datameg Corporation (OTCBB: DTMG) is an emerging 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 Corporation, 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.

Certain statements contained herein are forward looking. These forward looking statements are based on 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 the company’s history of operating losses, the need for additional financing, failure of the company’s 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 the company’s products, and changes in the VoIP industry. These risks, uncertainties and assumptions are detailed in documents filed or furnished by the company with the Securities and Exchange Commission.

Media/Industry Analysts Contact:

Investor Contact:
Constantine Theodoropulos
President
Boston Communications, Inc.
617.619.9801
ctheo@bcww.com

James J. Flanagan
President
Aspire Communications, Inc.
781.863.1333
jflanagan@aspirepr.com