News

Boston, MA, October 7, 2005 – Datameg Corporation (OTCBB: DTMG) today announced that it is offering a live conference call and Webcast to provide interested parties with a business strategy and operations update.

Live Conference Call and Audio Webcast:
Datameg Corporation is offering a live telephone conference call and audio Webcast for interested parties to provide an update on its business strategy and operations on Tuesday October 11, 2005 at 4:30 p.m. Eastern Time. To listen to the conference call interested parties should call (800) 967-7141 with a pass code of 2436027. International callers should dial (719) 457-2630 with pass code 2436027. For the "Datameg Strategy Update" the call leader will be Mark McGrath. To listen to the live audio Webcast, click on the Webcast/Presentations link within the Investor Relations section of the company's website (http://www.datameg.com/).

The Webcast replay will also be available within two hours following the live Webcast, and archived on the Datameg Corporation Website. Any questions regarding the conference call presentation or Webcast should be directed to Jim Flanagan at 781-863-1333.

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.

Safe Harbor
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