TeliPhone Inc. Issues Statement of Clarification Concerning Recent VoIPMDU Press Release.MONTREAL -- United American Corporation's (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on otcbb:UAMA UAMA University of Arizona Museum of Art ) wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. TeliPhone Inc. wishes to clarify statements made on a VoIPMDU press release dated January 5, 2005. "VoIPMDU.COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. Completes Agreement for The Most Comprehensive VoIP Telephony Package Available on The Market with UAMA/TeliPhone". Relationship with VoIPMDU TeliPhone Inc. has signed a letter of intent to collaborate on offering a joint VoIP telephony package to the marketplace, with a focus on leveraging VoIPMDU's existing relationships with leading loyalty program exchanges and Internet Service Providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. .An agreement outlining specific terms and conditions is currently in the works and is anticipated shortly. Revenue Estimates Teliphone Inc. does not, at this time, support the revenue estimates or the time frame to achieve them that has been outlined in this press release.TeliPhone Inc. and VoIPMDU have analyzed the market opportunity and believe it to be significant.The nature of the letter of intent is to confirm the potential and to then structure the partnership in order to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. it. TeliPhone Inc. is deeply committed to its responsibility to accurately inform its shareholders and the investment community of significant events and to not make assumptions that are not considered to be realistic by its management team.Revenue estimates such as those made in the January 5th press release were premature and do not necessarily reflect TeliPhone's anticipated revenues from this opportunity in such a time frame. About TeliPhone, Inc TeliPhone Inc is a wholly owned subsidiary of UAC (User Account Control) The management of user accounts in Windows Vista. Because malware has greater control of the computer when it is running in administrator mode, UAC was designed to enable more users to run their computers as a standard user rather than as .Since 2001, the company has pioneered Voice over Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching 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 A personal home page on the Web that is customized by the user. Typically associated with a search engine and displaying selected information such as news, weather and stock quotes, if the portal publisher offers e-mail, IM or other services, direct links to those systems are also to their subscribers as well as administrative support to the company, and constitutes the core technology of today's mobile teliphone(TM) services. teliphone(TM) operates its own Main CO (Central Office) in Montreal, where all worldwide teliphone(TM) 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(TM), Inc operates sophisticated extended local communication VoIP central office, while United American Telecom, Inc operates CaribbeanONE(TM), 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. UNITED AMERICAN CORPORATION (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :UAMA) |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion