United American Corporation announces téliPhone™ Carrier Agreement With TADAA WIRELESS COMMUNICATIONS CORP

Montreal, Canada, November 17, 2004. United American Corporation (NASD otcbb: UAMA) is pleased to announce that its wholly owned subsidiary TéliPhone Inc's has entered into a carrier agreement with TADAA WIRELESS COMMUNICATIONS CORP., opening up TADAA's wireless hot-spots for use by téliPhone™ subscribers. “Wide-spread usability of our téliPhone™ service through TADAA's wi-fi hotspots presents a significant value to our subscribers — this agreement re-enforces our commitment to offering mobile VoIP to our subscribers, so that they can benefit from VoIP calling outside of just their home or office”, says George Metrakos, President and CEO of Téliphone Inc. Tasso Leventis, Chief Technology Officer of TADAA Wireless adds: “our agreement with Téliphone Inc. provides an advantage for our clients as they compete for increased traffic in their restaurants, cafés and public buildings, and clearly demonstrates the synergies and potential that our wi-fi infrastructure offers.” The agreement comes into effect immediately and permits téliPhone™ subscribers to utilize over 30 hot-spots in the Montreal and Toronto area.

About TADAA WIRELESS COMMUNICATIONS CORP.

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.