Exhibit 99.07

DataMEG Corp. Forms New Management Team

WEDNESDAY, MARCH 20, 2002 9:30 AM
 - BusinessWire

RALEIGH, North Carolina, Mar 20, 2002 (BUSINESS WIRE) -- DataMEG Corp.
(OTC BB:DTMG) announced today that it has formed a new management team
as a result of the finalization of their merger with North Electric
Company, Inc. (NECI). The Company also plans to expand its Board of
Directors. Along with these changes, DataMEG Corp.'s headquarters are
being relocated to NECI's headquarters at 1000 St. Albans Drive, Suite
210, Raleigh, North Carolina, 27609.

Rex Hester, CEO and Chairman of the Board of NECI has been named CEO
and Chairman of the Board of DataMEG Corp. Dan Ference, President and
Chief Operating Officer of NECI has been named COO of DataMEG Corp.
Mr. Hester and Mr. Ference will assume these positions upon the
effectiveness of the Company's D&O insurance policy, which has been
applied for and is expected to be bound prior to the end of March.
Andrew Benson will continue as President of DataMEG Corp. with the
responsibility to assist in the management team transition. Mr. Benson
will remain on the Board of Directors.

Mr. Hester stated, "We see many positive changes coming in the next
few months. We are in the process of forming an Advisory Board that
will consist of credible and experienced individuals from within the
communications industry. We are also on an industry search for
talented professionals to serve on our Board of Directors and to fill
key executive positions to manage our growth. We look forward to the
achievement of our strategic goals to the benefit of the Company and
its shareholders."

DataMEG Corp. (DTMG) is a development stage technology company focused
on developing new technologies, software applications and products
primarily serving the telecommunications sector. North Electric
Company, Inc. (NECI), a wholly owned subsidiary of DataMEG Corp. is a
next generation Test-OSS company focused on providing solutions for
monitoring, testing and fault isolation for next generation MPLS based
IP and Optical transport networks. NECI's innovative products enable
communications providers to ensure optimal network performance to meet
service level agreements through integrative system solutions.
Additional information about DataMEG Corp. and NECI is available at
www.datameg.com and www.northelectriccompany.com

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," "would," "will," and "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
projects underway at North Electric Company, Inc. and the business
conditions and growth in related areas of telecommunications, wireless
and digital transmission areas, 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 products. Other risks may be detailed from time to time
in our filings with the Securities and Exchange Commission. Neither
DataMEG Corp. nor its subsidiaries undertake any obligation to update
or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.

CONTACT:           DataMEG Corp.
                   Carla Erickson, 919/341-6000