United American Corp Inc.: Transaction
completed with Studio Bromont Inc.
LasVegas, Nevada, September 29, 2003. - Studio
Bromont, Inc. (NASDAQ OTCBB: SBRT), announces the closing as of
today of the transaction with United American Corp, Inc (UAC).
All oustanding shares of United American Corp, Inc. have been
acquired as of today for $ 13,125,000. Studio Bromont Inc. has issued
26,250,000 shares of its capital at $0.50 per share.
United American Corp is the new name of the company and will be
effective at the SEC and the National Association of Security Dealer
in a matter of days. Until the final approval is obtained , SBRT
will remain the company trading symbol.
“With the transaction completed, we are now officially able
to begin the expansion of the new entity.” 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.
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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