On June 28, 2017 UnitedCorp acquired all rights to Canadian and US patents on a technology known as iFramed from Investel Capital Corporation (Canada) ("Investel") and iFramed Canada Inc. As part of this rights transfer the Company assumed responsibility for a patent infringement suit originally launched by Investel on August 23, 2016 against Snap Inc.  in the Federal Court of Canada.  The suit claims amongst other things, that SnapChat's "geofilters" which use the geolocation of social media users in order to provide on demand insertion of external content in the form of a frame or overlay on pictures or videos, infringes upon several claims held by the iFramed patent. Continuation of this suit had been delayed due to administrative matters related to Investel, most of which have been resolved. The Company therefore intends to move forward with the action in the immediate future.

On June 30, 2017, the Company announced the intent to acquire TNW Networks Corp. ("TNW Networks"). The potential acquisition of TNW Networks' assets is deemed by Management to support the Company's development plan, including TNW Wireless and iFramed. The Company was aware that on November 18, 2016, two of TNW Networks' clients (the "Petitioners") filed a Notice of Intention to make a Proposal pursuant to the Bankruptcy and Insolvency Act. This led to proceedings under the Companies' Creditors Arrangement Act (the "Proceedings") on November 25, 2016. 

As a result of the Proceedings, certain of TNW client relationships and 3^rd party assets, both of which TNW Networks and the Company believe were not assets of the Petitioners, were nevertheless claimed in the Proceedings by the CCAA Monitor. In two instances during the course of the Proceedings, the determination of ownership by the Monitor was appealed to the British Columbia Court of Appeal and in both instances the Court of Appeal ruled unanimously against the Monitor. On March 18, 2019, a portion of certain 3^rd party assets were released by the Monitor and will be transferred to the Company. The exact list and value of such assets is currently being determined.

In April 2018, the Company's then landlord received a Notice of Infraction from the Commission de Protection du Territoire Agricole de Quebec ("CPTAQ"), the provincial body which oversees agricultural land in Quebec, related to its Data Center Domes Heat Campus #1. The Notice questioned whether the Data Center Domes Heat Station was an appropriate use of agricultural land, as based on their perception the Data Center Domes Heat Station was a non-agricultural commercial operation.  On June 27, 2018, the Company and its legal counsel addressed the complaint at a hearing of the CPTAQ and stated its position that the operation was fully compliant with all existing rules and regulations, as the operation's final output was for agricultural purposes.  Furthermore, the Data Center Domes Heat Station is consistent with the province's sustainable development guidelines and policies of encouraging more local food production.

The matter was then transferred to an independent provincial administrative tribunal for further review. Subsequently on March 26, 2019, the Company, its Counsel and its agricultural experts addressed the Tribunal Administratif du Québec (the "Tribunal") at a hearing on this matter. The Tribunal is an independent provincial body which is intended to be a non-judicial arbitrator for matters regarding provincial boards. The Tribunal has no judicial or injunctive powers and decisions are appealable by companies and individuals to judicial courts up to and including the Québec Court of Appeal. 

On April 25, 2019 the Company received notification that the Tribunal had rejected the Company's position and supported the CPTAQ complaint.  The Company and its Counsel believe that the Tribunal erred both in fact and in law in rendering its decision and as such on May 15, 2019, the Company filed for permission to appeal the decision to the Quebec Court and this proceeding was heard on August 15, 2019.  On November 11, 2019 the Company received notification that leave to appeal had been denied. As a result, the Company has begun the process of seeking a judicial review of the decision. On a parallel track, the Company has filed for formal authorization of its heat stations with the CPTAQ.  

Established in 1992, United American Corp is a Florida-based development and management company focusing on telecommunications and information technologies. The company currently owns telecommunications assets and holds the rights to manage a portfolio of patents and proprietary technology in telecommunications, social media and Blockchain technology, and owns and operates the Data Center Domes which are designed to provide heat for agricultural operations using computer equipment in naturally cooled data centers where efficiency and low-cost operations are a priority.

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.