United American Corporation Launches teliPhone'TM', the World First Personal Mobile VoIP Service

Business Wire, June 23, 2004

MONTREAL -- United American Corporation (OTCBB:UAMA), announces today that its wholly owned subsidiary Vectoria Telecom is launching the world first Worldwide wireless personal internet telephony service. Vectoria Telecom, Inc is a leading VoIP service provider of the Canadian market since 2001. As of today, Vectoria Telecom, Inc will be knowned as teliPhone, Inc the operator of the teliPhone(TM) services for the USA and Canada.

The teliPhone(TM) can be used in offices and homes through high speed Internet access equipped with WiFi access point, as well as in any indoor or outdoor public or private WiFi covered local area networks.

A flat rate of $16.95 (USD/CDN), excluding the price of the telephone(TM).

With a teliPhone(TM), a subscriber can usually call or receive a call from anywhere and anyone in the world.

teliPhone(TM) offers unlimited incoming and outgoing local calls in the covered area which includes several North American major cities. Also every teliPhone(TM) to teliPhone(TM) calls are considered free calls, wherever they are physically located in the world.

"With teliPhone(TM) now fully operational, the Group has completed the integration of its VoIP global offering", commented Benoit Laliberte, President & CEO and "combined with CaribbeanONE(TM) the international telecommunication route of United American Telecom Inc and its new international main CO (Central Office) the Group is now taking full advantage of being a national telecommunication operator and an international carrier, which represents for us a very strong strategic combination," added Mr. Laliberte.

teliPhone(TM) is the latest generation of IP telephones, now working without wires and using technology which converts voice into data. This technology is called Voice over Internet Protocol (VoIP). In order to process the voice signal, teliPhone(TM) uses very little bandwidth on a hi-speed Internet connection.

The voice quality of teliPhone(TM) is similar to regular telephony services.

Most of the optional features available on traditional residential telephones are an integral part of teliPhone(TM)'s basic service plan. In addition, many other sophisticated features are part of teliPhone(TM) basic service plan.

Some of the teliPhone(TM) features are :

  -  Unique and universal number, which allows the subscriber to be
     reached instantaneously through other telephone numbers of their
     choice with the FollowMe(TM) feature.

  -  Voice mail with unified messaging linked to the Internet, which
     allows the subscriber to simultaneously receive his messages
     through his e-mail inbox. This voice mail feature allows many
     other sophisticated features.

  -  Conference calling system which allows the subscriber to convene
     a meeting with many other persons, regardless of their telephone
     service provider.

  -  Caller ID for incoming calls. Even numbers which are usually
     blocked will appear on teliPhone(TM).

  -  Real time call transfer. The subscriber can transfer a call to
     another number (like traditional office phones).

  -  Online account management system which allows subscribers to
     consult their billing information, call listings and their
     generated costs, payment options and much more...

  -  Enhanced communications confidentiality. Due to its data
     encryption system, the teliPhone(TM) network is more
     confidential than cellular networks.

  -  Low rates of long distance. Rates for long distance calls are as
     low, if not lower, than pre-paid calling card rates.

     Suburban calls are free. Sometimes call between regional cities
     are considered long distances for most traditional telephone
     companies. With teliPhone(TM), this type of call is free.

  -  Multiple area code phone number. It is possible for a subscriber
     to have multiple regional codes for his teliPhone(TM) number.
     For example: (212) 788-5555, (514) 788-5555, (905) 788-5555,
     etc.

  -  The monthly service includes 60 minutes of long distance calls
     anywhere in the continental USA and Canada. All additional
     minutes are charge at the rate of $0.029 per  minutes (USD/CDN).

With FollowME(TM), teliPhone(TM) becomes a revolutionary IP telephone service functioning as a personal universal communication system. In fact, from the moment it is installed, the teliPhone(TM) becomes the user sole universal telephone number, allowing him to be reached anywhere on the planet in a natural and transparent fashion. In short, teliPhone(TM) becomes the focal point of all personal communications. From now on, it is the one and only one telephone number a user need to hand out to people who will call him. If a user cannot be reached on his teliPhone(TM) then the FollowME(TM) robots will research the user on any pre selected phone number respecting the priorities and routing criteria based on the time and day of the week.

Ultimately, if a user cannot be reached, then the universal voicemail box will take the message. The user can then listen to its messages on the phone or by accessing them through its e-mail inbox since the voice messages are immediately transferred to the user regular e-mail address.