United American Corp, Inc Acquires
Studio Bromont, Inc By Way of Reverse Take Over
LasVegas, Nevada, September 11, 2003. Studio Bromont,
Inc. (NASDAQ OTCBB: SBRT), is pleased to announce the shares exchange
agreement with United American Corp, Inc (UAC).
Studio Bromont Inc. is acquiring all the outstanding shares of
UAC for a total amount of $13,125,000. In exchange, the company
as of payment will issue 26,250,000 shares of its capital at $0.50
/ per share.
Studio Bromont, Inc. will become United American Corp and will
have UAC as a wholly-owned subsidiary. The closing and the name
change will be effective as of September 29th, 2003. The National
Association of Security Dealer the over the counter regulator will
be asked to change the company trading symbol. Until the final approval
is obtained from the regulatory UAThorities, the current company
trading symbol will remain effective.
“By becoming public, the new group will have a faster expansion
in the markets and with this synergy, our organization will be more
attractive to institutional investors” commented Benoit Laliberté,
President and CEO.
United American Corp, is a holding and management company of the
next generation of Voice over Internet Protocol (VoIP-based) telecommunication
company.
The organization currently has five (5) subsidiaries: Prolan Inc,
Smartnet.ca Inc, Vectoria Telecom Inc., United American Telecom Inc
and American Financial Services Inc. Each company operates in a
specific niche market in a fast growing global world wide IP-based
telephony network.
This new group has created a network that is providing services
from local IP-based telecommunication to international telecommunication
carrier. Vectoria Telecom, Inc operates sophisticated extended local
communication VoIP central office, while United American Telecom,
Inc is engaged in state-of-the-art International Telecommunication
Gateway in high potential foreign countries. The remaining companies
provide Network integration services, custom Internet connection
and customer financial services.
The Company is launching as of October 13th its revolutionary telecommunication
module. The unit that is the size of a regular business card will
transform a home business regular telephone line into a powerful
low cost national and international long distance telephony service.
UAC is a fast growing organization and to sustain its expected
growth, $2 million additional financing by way of private placements
is in progress.
This news release contains forward-looking statements that are subject
to various risks and uncertainties. The Company's actual results
could differ materially from those anticipated in such forward-looking
statements as a result of numerous factors that may be beyond the
Company's control. Forward-looking statements are based on the expectations
and opinions of the Company's management on the date the statements
are made, and the Company assumes no obligation to update forward-looking
statements should circumstances in management's expectations or
opinions change.
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