United American Corporation announces téliPhone™ sales distribution with Teleplus Enterprises Inc.

Montreal, Canada, November 04, 2004. United American Corporation (NASD otcbb: UAMA) is pleased to announce that its wholly owned subsidiary TéliPhone Inc's téliPhone™ services will be showcased by Teleplus Enterprises, Inc. (NASD octbb: TLPE) in 17 of their Teleplus branded stores in major shopping malls in Eastern Canada. “ This agreement represents another milestone for Téliphone Inc. towards achieving its goal of becoming the leading mobile Voice over IP (VoIP) supplier in North America in 2005” according to George Metrakos, President of TéliPhone Inc. For Teleplus, among the top 3 Canadian Retailers in cellular phone activation volume, the téliPhone™ product represents a significant growth opportunity as a North American leader in wireless communication devices. Benoît Dubé, Vice President of Sales and Marketing for Teleplus adds “The téliPhone™ product will provide tremendous value for our clients and we therefore predict strong growth in sales of this product within our flagship stores ”.

About Teleplus

About TéliPhone, Inc.

Téliphone Inc. is a wholly owned subsidiary of UAC. Since 2001, the company has pioneered Voice over Internet Protocol (VoIP) in Canada . The company was the first Canadian VoIP service provider to offer a nation-wide telecommunication local call coverage service. The company has developed a powerful back office system that provides an integrated web-based personal portal to their subscribers as well as administrative support to the company, and constitutes the core technology of today's mobile téliPhone™ services. TéliPhone™ operates its own Main CO (Central Office) in Montreal, where all worldwide téliPhone™ devices are controlled, thus giving the company the advantage of centralized operations and cost reductions. The company has also established a CO in Manhattan, New York.

The CO's are state-of-the-art, with full equipment redundancy including battery backups, electric generators, a redundant air conditioning system, and fibre optic Internet backbone connections. Also, téliPhone™ relies on leading edge equipment, which is based on HP/Compaq servers, running on Microsoft Windows and Linux servers operating systems, and Cisco System and Quantum Technology switches, gateway and network equipment. For more information, visit the company website at www.teliphone.us.

About United American Corporation

United American Corporation is a holding and management company of next generation Voice over Internet Protocol (VoIP) based telecommunication Company. The organization 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, which provides services from local IP-based telecommunication to international telecommunication carriers. Téliphone, Inc. operates sophisticated extended local communication VoIP central office, while United American Telecom, Inc operates CaribbeanONE™, a state-of-the-art International telecommunication route & gateway. 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.