Datameg Corporation (OTCBB: DTMG) announced this morning that it has entered into a material agreement to acquire Natural Blue Resources Inc., a newly formed Nevada Corporation. Following the completion of the acquisition, Datameg intends to restructure its operations, including recapitalization of the company’s capital structure and an anticipated symbol change.

“This is an exciting day for Datameg and its shareholders. We believe Natural Blue Resources has an inherent and potentially powerful upside to its business,” commented Jim Murphy, Chief Executive Officer of Datameg. “As part of Datameg’s planned restructuring, we will be exploring all options to enhance shareholder value and position the company for long-term success.”

“We have compiled a team that includes some of the leading individuals and companies in the industry, together with the technical and financial strength necessary to accomplish the projects that we have embarked on,” stated Paul Pelosi, Jr., Natural Blue Resources’ President and Chief Operating Officer. “The Company’s intent is to utilize this team — those who have developed successful water projects internationally — to take full advantage of certain innovative technologies that have been developed in recent years.”

Let us hear your thoughts below:

Last 5 posts by QualityStocks

• Omnicity Corp. (OMCY.OB) Announces Addition of New Board Member - November 20th, 2009
• Muscle Flex, Inc. (MFLI.PK) Announces Release Time for the BUDDY Tablet Caddy Two-Minute Commercial and Landing Page - November 20th, 2009
• Artfest International, Inc. (ARTS.OB) Announces Revenue Profit Jumps - November 20th, 2009
• Omnicity Corp.’s (OMCY.OB) Recently-Issued Corporate Update - November 20th, 2009
• Soligenix Inc. (SNGX.OB) Taking Steps to Meet Challenges of Vaccine Technology and Biological Warfare - November 20th, 2009