/ CORRECTION - Datameg Corporation Names Lehman Bros. Managing Director to Its Board of Directors19 February 2006
Datameg Corporation (OTC BB: DTMG) announcedtoday that it has appointed Lehman Bros. Managing Director John T. GradyJr. to its Board of Directors. For more than 150 years, Lehman Brothers hasformed productive, enduring relationships with clients. This tradition isthe foundation of Lehman's business, and it remains steadfast.
Prior to joining Lehman Brothers early in 2004, Mr. Grady was ManagingDirector of State Street Global Advisors (SSgA) Global Private Client Groupand a member of the State Street Corporation Executive Operating Group. Headditionally served as Chairman of the Board of Directors of State StreetBank and Trust Company, New Hampshire and Connecticut, and State StreetGlobal Advisors, Florida. From 1994 through 2000, Mr. Grady was SSgA'sDirector of Institutional Sales, Client Service, and Consultant Relations.Prior to joining SSgA in 1994, he was Director of Sales for State Street'sPersonal Trust Division.
Before joining State Street in 1991, Mr. Grady served as Director of Salesof The Shawmut Bank, N.A. (currently Bank of America's.) He began hiscareer in financial services as a Senior Executive with C.F.I. Boston,consulting to major corporate and financial service companies worldwide.
Mr. Grady received a Bachelor of Arts degree from Boston University. He isalso a graduate of the Belmont Hill School where he continues to serve as amember of the Executive Committee and Investment Committee of the Board ofTrustees.
Datameg's Chairman, CEO and President, James Murphy, commented, "We aredelighted that John is joining Datameg and are confident that he will beinstrumental in shaping our plan to become a leading provider of qualitycontrol and testing technology for the voice, data and video communicationsindustry."
About Datameg
Datameg Corporation (OTC BB: DTMG) is an emerging company focused onsupplying products and related services that support critical networkperformance requirements in the rapidly converging voice, data and videocommunications industry. Specifically, through Datameg's wholly ownedsubsidiary QoVox Corporation, the company designs, develops and offersnetwork-wide fault identification, fault isolation and voice qualityassurance products and critical real-time network health and performancemonitoring services for both providers and end-users of Internet telephony,now commonly referred to as Voice over Internet Protocol (VoIP). The VoIPindustry critically depends on the ability to deliver voice service overthe Internet infrastructure with the high quality that end-users have grownto expect with traditional telephony services. The company believes networkmonitoring for voice quality is a vital function for the successfulcommercial future of IP telephony. For more information, please visitwww.datameg.com.
Certain statements contained herein are forward looking. Theseforward-looking statements are based on our current expectations and aresubject to a number of risks, uncertainties and assumptions. Many factorscould cause actual results to differ significantly from these statements,including our history of operating losses, our need for additionalfinancing, a failure of our products to perform as expected, introductionof competing products by other companies, pressures on prices fromcompetitors and/or customers, regulatory obstacles to new productintroductions, lack of acceptance of our products, and changes in the VoIPindustry. These risks, uncertainties and assumptions are detailed indocuments filed by us with the Securities and Exchange Commission.
Contact:Jim Murphy941-575-4339
SOURCE: Datameg
Source: marketwire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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