QualityStocks would like to highlight Datameg Corp. (OTCBB: DTMG). Datameg Corporation is a diversified holding company with subsidiaries in the technology industry and in food packaging and other injection-molded products. American Marketing and Sales, Inc. D/B/A Innovative Designs markets finished food packaging, caterware and office products nationwide to major supermarkets, food retailers, and office supply stores.
In the company’s news yesterday,
Datameg Corporation announced 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.”
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Forward-Looking Statement:
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