Datameg Enters Into Material Agreement With Natural Blue Resources

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Tue Apr 14, 2009 9:45am EDT

  SAN FRANCISCO, CA, Apr 14 (MARKET WIRE) -- 
Datameg Corporation (OTCBB: DTMG) today announced that it has entered
into a material agreement to acquire Natural Blue Resources Inc., a newly
formed Nevada Corporation. Together with the acquisition, Datameg intends
to comprehensively restructure its operations, including recapitalization
of the Company's capital structure and an anticipated symbol change.
Final documents call for a closing by May 29, 2009.

    "This is an exciting day for Datameg and its shareholders. We believe
Natural Blue Resources has an inherent and potentially powerful upside to
its business," said Jim Murphy, Chief Executive Officer of Datameg.

    Murphy added, "As part of Datameg's planned restructuring, we will be
exploring all options to enhance shareholder value and position the
company for long-term success."

    Natural Blue Resources is led by Toney Anaya, the company's Chairman and
CEO. Paul Pelosi, Jr. serves as the company's President and Chief
Operating Officer. Assisting Anaya and Pelosi is an accomplished team that
has developed affordable drinking water projects around the globe.

    "We have compiled a team that includes some of the leading individuals and
companies in the industry, together with the technical and financial
strength necessary to accomplish the projects that we have embarked on,"
said Paul Pelosi, Jr. "The Company's intent is to utilize this team --
those who have developed successful water projects internationally -- to
take full advantage of certain innovative technologies that have been
developed in recent years."

    In addition to advising companies, including NASA Ames Research Center,
Astrobotic Technology and Air Patrol Corporation, on a variety of
infrastructure projects to promote both sustainable development, recycling
and security, Paul Pelosi, Jr. also serves as President of the San
Francisco Commission on the Environment and is a founding member of Cisco
Connected Urban Development. Paul also works with a variety of cities
including San Francisco, Amsterdam, Hamburg, Lisbon, Madrid and Seoul, in
order to help them share innovative ideas and implement the most effective
techniques and methods to prevent and control environmental pollution
while protecting natural and cultural resources.

    Natural Blue Resources is exploring the development of drinking water in
targeted regions of the Western United States. Natural Blue Resources
seeks to provide safe, clean, drinking water at a reasonable price to the
consumer.

    About Datameg Corporation:

    Datameg Corporation is a diversified holding company with subsidiaries in
the technology industry and in food packaging and other injection-molded
products. American Marketing and Sales, Inc. D/B/A Innovative Designs
markets finished food packaging, caterware and office products nationwide
to major supermarkets, food retailers, and office supply stores. Datameg's
wholly owned subsidiaries Net Symphony Corporation 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). For more information on our subsidiaries, visit
our web site at www.datameg.com/ir.html

    Safe Harbor Statement:

    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 statement,
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.

    

Contact:
John Evans
Email Contact
(415) 376-9701

Investor Relations:

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(800) 953-3350 Toll-Free
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