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.

jazztel one2one

, owned 75% by United American and
25% by Dialek's original founder.

United American Corporation (OTC Bulletin Board:UAMA)

com
VON Canada, to be held April 19 - 21 in Toronto, is one of the
Voice on the Network (VON) conferences conducted by pulver. For more information
visit www.S.

sikkim attc

This
conference attracts senior executives from the largest carriers, like
NTT, Sprint, and France Telecom, as well as emerging providers such as
Vonage.

mci landline

Investors are
still able to participate in the spin-off by purchasing UAMA shares
prior to May 30, 2005. For more information, visit the
company website at www.

iBasis CEO to Discuss Drivers of VoIP Growth at Conferences in So. Africa Canada United Kingdom

voncanada.com

About iBasis

Founded in 1996, iBasis (OTCBB: IBAS) is a leading wholesale
carrier of international long distance telephone calls and a provider
of retail prepaid calling services, including the Pingo(TM) web-based
offering (www. Important
factors that could cause actual results to differ materially from such
forward-looking statements include, but are not limited to, (i) the
extent of adoption of the company's services and the timing and amount
of revenue and margin generated by these services; (ii) fluctuations
in the market for and pricing of these services; and (iii) the other
considerations described as "Risk Factors" in the Company's most
recent Forms 10-K and 10-Q, and the company's other SEC filings.

conglomerate sbc

bellsouth conglomerate

Africa, and will bring together decision makers from
leading fixed operators, mobile operators, ISPs, other service
providers, and regulatory bodies.com

Assured Quality Routing and iBasis are registered marks, Pingo,
DirectVoIP, and The iBasis Network are trademarks of iBasis, Inc.

Except for historical information, all of the expectations,
projections and assumptions contained in the foregoing press release,
including those relating to the company's current expectations
regarding revenue growth, sources of revenue , margin improvement,
profitability, future capital expenditures, and cash flows constitute
forward -looking statements under the Private Securities Litigation
Reform Act of 1995 and involve risks and uncertainties.

fairpoint sbc

Cisco Powered is a registered trademark of Cisco Systems, Inc.

telefonica conglomerate

News Editors

MONTREAL----United American
Corporation (NASD OTCBB:UAMA) is pleased to announce that it has
acquired Dialek Telecom of Sherbrooke, Quebec. Dialek will become a
subsidiary of United American Corp. All
other trademarks are the property of their respective owners.

telenor fairpoint

Announces Details of Completed Share
Exchange Agreement Leading to Teliphone Spin-Off".unitedamericancorp. 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.

aliant verizon

United
American believes that by leveraging its strength in development and
delivery of telecommunications services , Dialek's revenues will grow
significantly in the future.

14001 atx

com and
chaired by Jeff Pulver.

conglomerate one2one

The organization has recently spun-off its VoIP
services company, Teliphone Inc. Mr.

jazztel telefonica

carriersworld.

conglomerate fairpoint

The Dialek acquisition will further enhance United American
shareholder value by increasing its portfolio of high-value assets,
alongside its wholly-owned subsidiary United American Telecom. For three consecutive
years service providers named iBasis the best international wholesale
carrier in ATLANTIC-ACM 's annual International Wholesale Carrier
Report Card(2).

bellsouth verizon

Mr. For more information visit
www. For more
information visit www.pingo. iBasis has carried more than 13 billion minutes
of international voice over IP (VoIP) traffic over its global Cisco
Powered(TM) network, and is one of the ten largest carriers of
international voice traffic in the world(1). 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.

mci 14001

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

conglomerate one2one

Dialek has over 625 existing customer relationships as well as
strong partnerships with major providers such as Sprint Canada,
Videotron Ltd. 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.

mci fairpoint

, Groupe Telecom and Cogeco Cable.com) and disposable calling cards, which are sold
through major distributors and available at retail stores throughout
the U.

alltel excluding

About United American Corporation

United American Corporation is a holding and management company
focused on next generation Voice over Internet Protocol (VoIP) based
telecommunications. (OTCBB: IBAS), a leader in international long
distance , VoIP, and prepaid calling cards, today announced that
company President and CEO Ofer Gneezy will be a featured speaker at
major communications industry conferences on three continents over the
next three weeks.iir-conferences. Gneezy will present an Industry
Perspective session on the afternoon of the 20th.com
Global IP Carriers will be held in London on April 26 - 28.

(2)ATLANTIC-ACM International Wholesale Carrier Report Card -
2002, 2003, + 2004.

Telecommunications providers which own their own switching equipment and network.

landline jazztel

Gneezy will present on the morning of the 28th. We
have no current intention to update any forward-looking statements.

telefonica excluding

(1)Telegeography 2005 data compared with iBasis 2004 traffic
volume.

sikkim excluding

Dialek Telecom is a leading
independent provider of telecommunications services to residential and
business clients, including broadband internet connectivity,
Voice -over Internet Protocol (VoIP) services and traditional telephone
lines., where shareholders received a
property dividend of the new corporation.

telstra telefonica

United American Corporation Acquires Majority Stake in Dialek Telecom

com

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

emas saudia

As an
example of United American's ability to create high value for
shareholders by incubating and then spinning off growing
telecommunications assets, please refer to press release dated May 9,
2005 "United American Corp.
VoIP Strategies / Africa will take place April 11 - 15 in
Capetown, So.

telefonica conglomerate

Dialek currently produces US$350,000 annual 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 .

Business Editors/High-Tech Editors
VON Canada

BURLINGTON, Mass.----

Global Audience to Include Leading Carriers, Consumer VoIP
Providers, ISPs, Regulators, and Technologists

iBasis, Inc. Gneezy will discuss the major trends driving the
rapid growth of VoIP and wholesale international telecommunications.ibasis.

conglomerate verizon

---

- - kjjkjk

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