- ---iBasis, Inc.
The company will host a conference call to discuss the results,
led by Ofer Gneezy , iBasis president + CEO, on Wednesday, May 4, 2005
at 11:00 a.

Business Editors/High-Tech Writers

MONTREAL----United American
Corporation (OTC BULLETIN BOARD:UAMA) is pleased to announce that its
wholly-owned subsidiary United American Telecom will launch a pre-paid
long distance card called HaitiDIRECT(TM), which will permit customers
to make calls using its CaribbeanONE(TM ) infrastructure on a pre-paid
basis.

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Sites which offer opportunities for selling phone cards or telephone services.

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unitedamericancorp.

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iBasis is one of the ten largest carriers of international voice
traffic in the world.
iBasis was also ranked among the fastest-growing technology companies
in New England in the 2002, 2003, and 2004 Technology Fast 50 programs
sponsored by Deloitte + Touche.

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(OTCBB: IBAS), a leading provider of international long distance
service, VoIP, and prepaid calling cards, today announced that it will
report first quarter 2005 financial results on Wednesday, May 4, 2005,
before the opening of the stock market.pingo.00US and will become the
product of choice within the lucrative Caribbean market for long
distance calling., where shareholders received a
property dividend of the new corporation.

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iBasis First Quarter 2005 Earnings Conference Call

m. The
public is invited to listen to the simultaneous webcast by logging in
through the investor relations section of the iBasis website at
www.streetevents.com

About iBasis

Founded in 1996, iBasis (OTCBB: IBAS) is a leading provider of
international long distance telephone service and a provider of retail
prepaid calling services, including the Pingo(TM) web-based offering
(www.

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The Company can be reached at its
worldwide headquarters in Burlington, Massachusetts, USA at
781-505-7500 or on the Internet at www.

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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.

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Institutional investors can access the call via Thomson's
password-protected event management site, StreetEvents
(www. The organization has recently spun-off its VoIP
services company , Teliphone Inc.

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For three consecutive years service providers
named iBasis the best international wholesale carrier in
ATLANTIC-ACM's annual International Wholesale Carrier Report Card.ibasis.

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United American Corp.'s Wholly-Owned Subsidiary United American Telecom Introduces Pre-Paid Long Distance Phone Card Product; Completes Distribution Agreement

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This will represent
significant growth from the 240,000$ of current monthly revenues. The company is now focused
on growing its new flagship subsidiary , United American Telecom, with
operates CaribbeanONE(TM), a state-of-the-art International
telecommunication route + gateway.

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Individual investors can listen to the call at www.

The HaitiDIRECT(TM) card , with its printing in tri-lingual
English, French and Creole, will sell for $5. For more information , visit the
company website at www.com

This news release contains forward-looking statements that are
subject to various risks and uncertainties.

United American Corporation (OTC Bulletin Board:UAMA)

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ibasis.

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Business Editors/Telecommunications Writers

BURLINGTON , Mass.

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This call will be webcast by Thomson/CCBN.com) and disposable calling cards, which are sold through
major distributors and available at retail stores throughout the U.

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com,
Thomson/CCBN's individual investor portal, powered by StreetEvents.S.

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iBasis customers include many of the largest telecommunications
carriers in the world, including AT+T, Cable + Wireless, China Mobile,
China Unicom, MCI, Sprint , Skype, Telefonica, Telenor, and Telstra. A distribution agreement with a leading North American Pre -Paid
card Distributor has also been signed in order to market the product
throughout North America . Anticipated sales will be 200,000 units per month,
producing monthly revenues of 1,000,000$. 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
exppectations or opinions change.

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com
The webcast is also being distributed through the Thomson
StreetEvents Network to both institutional and individual investors.

About United American Corporation

United American Corporation is a holding and management company
focusing on next generation Voice over Internet Protocol (VoIP) based
telecommunications .

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