News
Datameg Announces Management Change
Bill Mortimer Steps Down as QoVox General Manager
Boston, MA., December 14, 2005 – Datameg
Corporation (OTCBB:DTMG) today announced that Bill Mortimer has
stepped down as General Manager of Datameg’s QoVox subsidiary,
effective December 30, 2005. Mortimer, a Canadian citizen, along
with Datameg officials and advisors were unable to obtain an H1-B
Visa from the U.S. Citizenship and Immigration Services (USCIS)
that would permit Mortimer to work full time in the U.S. The successful
build-out and marketing of the QoVox products and services requires
a resident General Manager. Mortimer has agreed to stay on as
QoVox general manager through the end of the year upon which he
will return to his previous role as consultant to the organization.
Mortimer will maintain his position on Datameg’s board of
directors. Dan Ference will continue to serve in his capacity
as Chief Operating Officer for QoVox, as he has during the past
seven months, thus ensuring continuity in the company’s
business operations.
“During his tenure as QoVox’s general manager, Bill
has helped develop and put in place what we believe is a plan
for success. We look forward to Bill’s continuing presence
with the company both as a Board member and as a consultant”
stated Datameg Chairman, Chief Executive Officer and President,
Mark P. McGrath.
According to information obtained by the company, the USCIS approved
65,000 H1-B Visas for 2005 and the next application period begins
April of 2006 for visas that would not be effective until October
of 2006. Mortimer joined QoVox during August of 2005 and immediately
began the application process; however, the USCIS filled their
allocation of H1-B visa with qualified applicants who had submitted
their applications earlier in the year.
“We’ve considered a variety of alternatives and options
but none seem to work for me and my family,” noted Mortimer.
“I have confidence in the technology and business opportunity
and I am anxious to assist making this business successful.”
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.
For more information, please visit www.datameg.com.
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.
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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
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