United American Corporation announces the completion of CaribbeanONE™ its VoIP international link and Gateways.

Montreal, Canada, March 4, 2004. - United American Corporation (NASDAQ otcbb: UAMA), announces that its wholly owned subsidiary, United American Telecom, Inc. has completed the first phase of CaribbeanONE™, its latest VoIP international proprietary link and Gateways, transiting Worldwide calls in Caribbean countries.

The connection has been Beta tested since December 2003 and is now ready for deployment. The initial capacity of CaribbeanONE™ is 2 millions minutes per month of international calls termination and will be available to several national telecommunication companies.

“With the completion of CaribbeanONE™ the company is positioned to generate significant incomes and cash flow.” commented Benoit Laliberté, President & CEO “and with CaribbeanONE™ the company has an important leverage to deal and work with other major telecommunication carriers added Mr. Laliberté.

CaribbeanONE™ is an end-to-end Fibre-optic & microwave Virtual Private Network (VPN) between the company North American main and remote central office (CO).

With a 50 milliseconds connection delay, CaribbeanONE™ is the fastest and most powerful connection within the Caribbean countries, as fast as a New York-Los Angeles connection.

ABOUT UNITED AMERICAN CORPORATION

United American Corporation is a holding and management of next generation of Voice over Internet Protocol (VoIP) based telecommunication Company. The organisation currently has five subsidiaries. Each subsidiary operates in a specific niche market in a fast growing global worldwide IP-based telephony network. The company has created a network that is providing services from local IP-based telecommunication to international telecommunication carriers. Vectoria Telecom, Inc operates sophisticated extended local communication VoIP central office, while United American Telecom, Inc is involved in state-of-the-art International Telecommunication link & Gateway in high potential foreign countries. For more information, visit the company website at www.unitedamericancorp.com

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.