DATAMEG CORP. ANNOUNCES HIGH DESERT PARTNERS, LLC AS THE REPRESENTATIVE FOR
THEIR ACQUIRING CONSORTIUM

WASHINGTON DC, Dec. 27  -- DataMEG Corp. (OTC BB: DTMG) announced today that
High Desert Partners, LLC is the representative entity for the acquisition of
the Company. High Desert Partners, LLC has developed a consortium of corporate
and institutional partners with telecommunications product manufacturing,
network interface/application, product distribution and corporate finance
experience and expertise.

Andrew Benson, President DataMEG Corp. stated, "High Desert Partners,
headquartered in Denver, CO and DataMEG Corp. have a signed Term Sheet
agreement, as previously publicly stated, that outlines the terms for the
acquisition of DataMEG Corp. High Desert Partners, LLC has formed
relationships with representative businesses including telecommunications
manufacturing, network application use, product distribution and corporate
finance; which will bode well for their anticipated introduction of the CAS
technology into the consumer and commercial markets."

"These relationships include two Fortune 500 companies as well as other
established businesses in the operational areas described. In deference to the
negotiations that are on going, we will enter into a "quiet period" during
which the details of this transaction will not be discussed. We anticipate
that the negotiations and due diligence requirements may be concluded within
the next 60-90 days. DataMEG Corp. will continue to comment on matters as they
relate to CAS technology developments and other topics that are outside of the
discussions with High Desert Partners, LLC; until such time that the final
terms are agreed to buy all of the parties involved."

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 it's 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.