United American Corp Announces Release of Current Financial/Disclosure Information and Compliance with OTCMarkets

MIAMI, Dec. 21, 2017 (GLOBE NEWSWIRE) -- Miami-based United American Corp ("UnitedCorp", the "Company"), UAMA,  is pleased to announce that on December 13, 2017s filed all current financial information with OTCMarkets including audited financial statements for fiscal years 2015 and 2016 and interim statements for September 30, 2017 as well as a current Pink Basic Quarterly Information Disclosure Statement. Company is now fully compliant with OTC Pink requirements and as a result OTCMarkets has resumed display of UAMA quotes on the exchange.

On December 20, 2017 UnitedCorp also submitted an application and initial disclosure for a listing on the OTCQB Exchange under the Alternative Reporting Standard. Contained in the disclosure's operational plan, is the Company's decision to continue development of a new blockchain technology based on the Public Switched Telephone Network ("PSTN"). The Company will disclose shortly, more details on its operational plan. The Company will also continue to enforce on infringement of intellectual property rights in the US and Canada by way of litigation against Snap Inc. SNAP for Snap's infringement of iFramed social media posting technology.

About United American Corp
 
Established in 1992, United American Corp is a Florida-based development and management company focusing on telecommunications technologies. The company currently holds the rights to manage a portfolio of patent and proprietary technology in telecommunications, social media and more recently in Blockchain PSTN technology
 
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.
 
Source:
 
United American Corp
 
Contact:
 
Jenna Trevor-Deutsch
Investor Relations
investorrelations@unitedcorp.com