SOURCE: Datameg

July 16, 2008 09:59 ET

Datameg Corp. Announces Engagement of RedChip Companies to Lead Investor Relations

SALT LAKE CITY, UT--(Marketwire - July 16, 2008) - Datameg Corp. (OTCBB: DTMG), a diversified holding company with subsidiaries in technology, food packaging, and other injection-molded products, today announced that it has engaged RedChip Companies, Inc. to lead its investor relations for multimedia platforms. Through its subsidiaries, Datameg offers a wide range of products and services, such as Voice over Internet Protocol monitoring services and the recently announced eco-conscious "Green Line" for food caterware and office products by Innovative Designs.

"We chose RedChip for their long-standing history as an investor relations firm that delivers results and for their comprehensive portfolio of digital IR products," said Jim Murphy, CEO of Datameg. "We look forward to working with RedChip's team as they work to broaden awareness of our company to the online investment community," he added.

"We are excited about the opportunity to represent Datameg," said Dave Gentry, President and CEO of RedChip Companies, Inc. He added: "Datameg has superior technology and, through its subsidiaries, is working within one of the Internet's fastest growth segments -- Voice over IP services. Their new environmentally friendly 'Green' product line is also generating orders from some major chain suppliers and government agencies. I am looking forward to implementing our comprehensive investor relations programs and helping to increase their visibility to the investment community."

About Datameg Corporation

Headquartered in Salt Lake City, Datameg Corp. (OTCBB: DTMG) is a diversified holding company with subsidiaries in the technology sector and in food packaging and other injection-molded products industries. Datameg's wholly owned subsidiaries -- Net Symphony and QoVox Corporation -- design, develop and offer network-wide fault identification, fault isolation and voice quality assurance products as well as 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)., Inc. provides a wide range of technology solutions and is a strategic technology supplier to QoVox and Net Symphony. American Marketing and Sales, Inc. (d/b/a Innovative Designs) markets finished food packaging products nationwide to major supermarkets and food retailers. For more information on Datameg's subsidiaries, visit the Companies Web site at

About RedChip Companies, Inc.

RedChip Companies is an international, small-cap research and financial public relations firm with offices in Orlando, Florida; Shanghai; and Paris, with affiliates in Atlanta and New York. RedChip delivers concrete, measurable results for its clients through its extensive national and international network of small-cap institutional and retail investors. RedChip has developed the most comprehensive platform of products and services for small-cap companies, including: RedChip Research™, Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences, RedChip Internet TV™, and RedChip Radio™. To learn more about RedChip's products and services please visit:

"Discovering Tomorrow's Blue Chips Today"™

Forward-Looking Statements

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.