DATAMEG CORP. INITIATES CAS TECHNOLOGY DEMONSTRATIONS IN WASHINGTON DC


WASHINGTON DC, Oct. 19 -- DataMEG Corp. (OTC BB: DTMG) announced today that
they have initiated their CAS technology demonstration schedule in Washington,
DC. The Company expects this schedule to continue through the remainder of
October and into November.

Andrew Benson, President DataMEG Corp. stated, "We have completed our CAS
testing and demonstration schedule at our New Jersey development site. The
results were favorable and the CAS demonstrations were successful. We have now
moved the demonstration system to Washington DC and are looking forward to an
important series of CAS demonstrations here. The CAS demonstration unit is
working as expected at this level of development, we are performing complete
file transfers with bit-error rates within standards.

Mr. Benson continued, "DataMEG has already entered into discussions with a
technology development company who is preparing a schedule to bring CAS into
product form. This is an exciting development, as a result of our
demonstration and development work. This development process will reduce the
CAS unit from its current prototype form to an application specific
integration circuit (ASIC) "chip". The CAS product, as an ASIC "chip" will be
fully duplex and include the specification upgrades and improvements that we
have learned through the entire development process. We expect the move to
create the CAS ASIC "chip" to enhance our position as a technology development
company and add value."

DataMEG Corp., currently headquartered in Washington DC, is an
engineering/technology firm focused on Internet and telecommunications
technology solutions. DataMEG Corp. is developing proprietary technology, its
Communications Acceleration System, (CAS), which allows for the transfer of
information over POTS, DSL and other information transmission networks.

Except for the historical information contained herein, this press release
contains forward-looking statements within the meaning of Section 21E of the
Securities and Exchange Act of 1934, as amended, that involve a number of
risks and uncertainties. These forward-looking statements may be identified by
reference to a future period by use of forward-looking terminology such as
"expect," "anticipate," "could," "may" and other words of similar nature.
There are certain important factors and risks that could cause results to
differ materially from those anticipated by the statements herein. Such
factors and risks include the successful completion of the CAS technology
development, and the business conditions and growth in related areas of
telecommunications, wireless and digital transmission arenas and in the
economy in general. Competitive factors include the rapid pace of alternative
technology advancements and the Company's ability to gain market acceptance of
its evolving product. Other risks, including the outcome of pending adverse
claims to the Company and its subsidiary's technology that have been and may
be detailed from time to time in the filings of the Securities and Exchange
Commission. Neither DataMEG Corp. or its subsidiary undertake any obligation
to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.