United American Corporation announces the world’s first fully integrated dual-mode wireless Voice over IP and cellular phone service, téliPhone iPCS™

Montreal, Canada, December 6, 2004. United American Corporation (NASD otcbb: UAMA) is pleased to announce that it's wholly owned subsidiary TéliPhone Inc. has launched its dual-mode service that combines the power of its Voice over Internet Protocol (VoIP) platform with the total flexibility of a cellular (GSM) phone. Taking advantage of Téliphone Inc.'s Single Point of Contact FollowMe™ system, permitting subscribers to have one phone number and be reached on multiple land based, cellular or internet phone numbers, subscribers can alternate seamlessly between in the wireless VoIP and Cellular worlds. Téliphone Inc. has successfully migrated its real-time call records and billing platform such that subscribers can track their internet calls against their cellular calls within their téliphone web interface. The service has been fully operational since October 2004 and will be launched officially on December 20, 2004 .

About the téliphone iPCS™ service
The téliphone iPCS ™ (for internet-Personal Communication Service) is provided to subscribers in two formats- the single and dual device. In the single device format, users have a Personal Desktop Assistant (PDA) device which acts as both wireless VoIP device and Cellular phone. When in a Wireless-Fidelity (wi-fi) environment, the subscriber answers the call over VoIP, whereas when outside of Wi-Fi, the call reaches the subscriber over the GSM network. In the dual device format, subscribers are issued a téliphone VoIP device (wireless or land-based) along with either a GSM SIM card for insertion into their existing GSM phone or within a new GSM phone. Regardless of single or dual device format, the subscriber is able to take advantage of low-cost VoIP calling without giving up the total worldwide personal mobility of the GSM network.

Subscribers can have this total flexibility from Téliphone Inc. by adding the GSM cellular service to their existing VoIP service . Examples of the different service offerings are as follows:

VoIP service of $29.90/mth unlimited incoming and outgoing US & Canada plus:

• téliPhone iPCS -$9.95/mth, $0.20/minute in GSM mode
• téliPhone iPCS 250 -$29.95/mth for 250 anytime minutes in GSM mode, additional minutes at $0.15/minute
• téliPhone iPCS 500 -$49.95/mth for 500 anytime minutes in GSM mode, additional minutes at $0.15/minute
• téliPhone iPCS 1000 -$89.95/mth for 1000 anytime minutes in GSM mode, additional minutes at $0.15/minute

Monthly iPCS fee includes system access fee and 911 charges.

GSM services include: CallerID, Call Waiting, Call Conferencing, Text Messaging and GPRS Data Services available for an additional cost.

Subscribers to téliphone iPCS ™ receive the following benefits:

• Single invoice, single payment
• Significant cost reductions from cellular-only services
• Total mobility compared with VoIP-only services
• Single Point of Contact, ie. One phone number to be reached anytime, anywhere
• A unified voicemail box available from any device, including e-mail
• Competitive long distance calling rates in GSM mode provided to subscribers by leveraging Téliphone ' s VoIP platform
• GSM roaming service available in over 150 countries worldwide, with local GSM calling in Canada (local GSM expansion to occur in the near future)

“The total convergence model has finally arrived”, says George Metrakos, President of Téliphone Inc. “Téliphone's seamless integration of wi-fi VoIP and cellular phone technology permits our subscribers to drastically reduce their monthly communication bills by benefiting from cost savings in VoIP without sacrificing the ease of use of a cellular phone”.

Benoit Laliberté , Chairman and CEO of United American Corporation adds “Téliphone's VoIP network has evolved into a world-class personal communication solution and further demonstrates our industry leading technology. The Téliphone iPCS™ will drive revenue growth in the immediate future- we expect strong sales of this service from our existing subscriber base and will begin to tap into the mainstream cellular market previously shut out from VoIP suppliers- Téliphone Inc. is emerging as a key asset within United American Corporation, poised for strong growth over the next 36 months”.

About Téliphone Inc.'s GSM coverage area
Téliphone Inc. utilizes existing GSM coverage areas within Canada already established with its GSM infrastructure partners. This includes all major Canadian metropolitan areas. A detailed coverage map layout will be available on Téliphone's website (www.teliphone.us) by December 20 th, 2004.

About Téliphone Inc.'s VoIP coverage area

Téliphone Inc.'s VoIP coverage area is worldwide where broadband internet connections exist.

The launch of the Téliphone iPCS™ service will now permit Téliphone Inc.'s technical team to continue its work on delivering its cross-infrastructure roaming feature, permitting a call to remain connected when roaming from wi-fi to GSM networks. This roaming feature is expected to be launched by 2005Q2.

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. 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. 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.