United American Corporation Announces téliPhone'TM' Service in the USA

Montreal, Canada (BUSINESS WIRE) December 1, 2004. United American Corporation (OTCBB: UAMA ) is pleased to announce that its wholly owned subsidiary TeliPhone Inc's téliPhone™ services are now available for 35 new area codes in 7 new major US markets. TeliPhone Inc.'s new Manhattan Central Office (CO) is now fully interconnected with its Montreal Network and as a result, the popular téliPhone™ service will now be available in New York, Newark, Boston, Los Angeles, San Francisco, Miami and Chicago. "This infrastructure expansion allows us to become a major player in the North American wireless Voice over Internet Protocol (VoIP) market. We see tremendous growth potential for our services as we are now able to build from our successes in the Canadian marketplace and expand into the larger US market", says George Metrakos, President and CEO of TeliPhone Inc.

The new availability of these 35 new US area codes permits TeliPhone Inc. to complement its Montreal and Toronto marketing launch campaigns which began in mid November. TeliPhone Inc. will now begin to execute its marketing program in the US in order to grow its subscriber base in these new markets.

About TeliPhone, Inc
TeliPhone 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. TeliPhone™ 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. 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. TeliPhone™, 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.