Exhibit 99.04

DataMEG Corp. Releases Overview Of North Electric Company, Inc.
Business Focus

FRIDAY, DECEMBER 21, 2001 11:21 AM
 - Internet Wire

CHARLOTTE, NC, Dec 21, 2001 (INTERNET WIRE via COMTEX) -- DataMEG
Corp. (DTMG)

DataMEG Corp (DTMG) , announced today that further detail on North
Electric Company, Inc., DataMEG Corp.'s merger partner, could now be
accessed at www.northelectriccompany.com. The information package
includes a company introduction, business opportunity discussion,
market sizing specifics, and business strategy. The career biographies
and achievements of the company's principals are also available at the
website.

Key players in North Electric Company, Inc. previously started a
company in the late 1980's that developed and brought to market
critical test and monitoring products that supported the introduction
of SS7 technology used by all major U.S. telephone companies. They
successfully established a leadership position within the
communications industry, the market position and technologies they
developed becoming the cornerstone of one of the most successful SS7
equipment companies in the 1990's. This business today generates
annual revenues in excess of $300M.

"Since successfully leveraging the introduction of SS7 in the
mid-80's, I have been looking for the next technology which would have
the same sweeping impact on the communications industry as SS7." said
Rex Hester, Chairman and CEO of North Electric Company, Inc. "I
believe that introduction of IP-based dynamic routing protocols into
established, profitable carrier-class networks, which is currently in
its early stages, represents just such an opportunity."

Mr. Hester continued, "The Company recognizes that the dramatic
changes caused by the Internet across the communications landscape in
the past five years, have significantly changed the business models of
many industries and have established new expectations among users of
communications networks. The general lack of reliable, predictable,
carrier-class performance has prevented adoption of IP networking for
high-revenue, high-margin business services, rendering IP networks
unprofitable for the vast majority of service providers. North
Electric Company, Inc. plans to bring to market innovative test and
monitoring solutions which will enable the major carriers to market
their IP services with full confidence of delivering the coveted
99.999% service availability found today only in their traditional
telephone networks."

"Based on our prior successful endeavors, we have unique access to,
and strong credibility with, decision-makers at many major
communications companies," said Hester. "I believe we can leverage
this credibility to establish partnerships with a number of the
dominant players in our industry. This will provide the Company with
ready channels to market, as well as the opportunity for revenue
realization in early 2002. The test and monitoring opportunity
reflected in our current business plan is just the beginning of our
vision for where we plan to take this company, in the next decade."

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 CAS technology development, the
successful completion of projects underway at North Electric Company
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:           Ron Dove
                   704-849-7690