TeliPhone Expands its Public Wireless Hot-Spot Coverage for Users of teliphone's Wireless VoIP Solutions with Eye-In Wireless Inc. Agreement

MONTREAL, Feb. 2, 2005 — United American Corporation (NASD OTCBB:UAMA) is pleased to announce that its wholly owned subsidiary TeliPhone Inc.'s has entered into a carrier agreement with Eye-In Wireless (a division of Eye-In Inc.), opening up Eye-In's HotSpots in Quebec and Ontario for use by teliphone™ subscribers. The agreement results in the initial opening of up to 70 hot-spots, with future expansion into the rest of Canada and large US markets in 2005.

Carrier agreements such as this one permit TeliPhone™ subscribers to utilize their wireless VoIP phones outside of the home and office, a key element of Teliphone Inc.'s VoIP offering. Unlike traditional fixed VoIP, where users make calls from close to their computer, TeliPhone's wireless VoIP service permits increased flexibility and greater usage of the service, for the same monthly fee.

This release also announces the official start of the "you are now in a teliphone™ hot-spot" campaign, permitting teliphone™ users to reduce their dependency on more expensive cellular phone calls by providing public access zones, exclusive to teliphone™ subscribers, in major urban centers. The agreement also demonstrates technical achievements in by-passing complex authentication processes that block most users of other wireless VoIP products from using their phones in public hot-spots.

"This is a key achievement for us as we work increasingly towards virtual blanket wi-fi coverage of Quebec and Ontario, with future expansion to other major urban markets" says George Metrakos, President and CEO of TeliPhone Inc. Jeff Singer, President of Eye-In Inc. adds "TeliPhone's VoIP wireless phone service is another example of how we continuously leverage the latest technologies in driving additional traffic into our customers' establishments, and providing their existing customers with supplementary value added services and an enhanced customer experience."

About Eye-In

Founded in 1997, Montreal, Quebec based Eye-In Inc. is made up of subsidiaries Eye-In Marketing, Eye-In Internet, and Eye-In Wireless. Eye-In Wireless is a Wireless Internet Service Provider that implements Wi-Fi™ HotSpots at customer focused establishments across North America in restaurants, bars, cafes, hotels and other public establishments.

Wi-Fi™ HotSpots are public areas with "wireless connectivity" to the Internet. From a HotSpot, laptop computer and palm sized personal digital assistant (PDA) users can surf the web, review and compose e-mail, and remotely access their company's networks without plugging in to any cables or phone line. Eye-In also provides HotSpots with PC Workstations connected wirelessly to the Internet for those End Users who do not have their own computers.

Combined with resources from Eye-In Marketing, Eye-In Wireless adopts a unique Customer Relationship Management (CRM) approach in helping businesses leverage HotSpots as a technology enabler to: Attract More Customers, Increase Sales Revenues, Increase Customer Satisfaction, Increase Customer Loyalty, and Cross-Sell to other HotSpots' Customers.

Eye-In Wireless has recently signed significant contracts to implement HotSpots in numerous major coffee shop chains, through their "Internet Hot-STOP" campaign, including Cafe Depot, Second Cup, Presse Cafe, Cafe Vienne, and an exclusive contract to provide HotSpots in the entire Cafes-Bistros Van Houtte chain (70 locations in the province of Quebec).

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 TeliPhone™ services. TeliPhone™ operates its own Main CO (Central Office) in Montreal, where all worldwide TeliPhone™ 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.