For Immediate Release

The New York Telecom Exchange (NYTEX) Announces Deployment of its Proprietary Real-Time False Answer Supervision (FAS) Prevention System.

tFraud™ is a breakthrough technology and is available immediately to all NYTEX trading participants, who can now virtually eliminate fraudulent calls from their networks.

Montreal, Canada, May 4th 2011 - New York Telecom Exchange, Inc. (NYTEX) (OTC Pink:UAMA), the world's first neutral international telecommunications commodity exchange today launched its proprietary real-time False Answer Supervision (FAS) Prevention System: called tFraud™. This fully automated FAS recognition system virtually eliminates the possibility of fraudulent calls for companies trading on the NYTEX platform.


The real innovation behind tFraud™ is that it identifies and eliminates FAS before the fraud occurs rather than simply reporting FAS after it happens. This means that there is no need to dispute, correct and adjust for FAS after the fact since the FAS will never occur in the first place.
FAS occurs when the calling party:

  • is charged for a completed call, even though the call did not actually connect.
  • is charged for a completed call with no or partial audio.
  • is charged for a call set-up time rather than actual conversation time.
  • is charged for a fraudulent attempt to route traffic to an automated messaging platform.

Incidents involving FAS are increasing rapidly and are now a major problem in the global industry costing it millions of dollars annually. The main markets affected are those with high termination rates and heavy competition. Finding the source of the fraudulent behavior is time consuming and near impossible, as carriers resell routes from other suppliers, often in long chains. These fraudulent calls are normally blended with real traffic making detection more difficult using statistical methods. Sometimes, FAS is not due to malicious behavior, but poorly configured equipment, often used in international bypass gray market.


Responding to the well publicized concerns of the Global FAS Forum, whose membership includes the world's leading international carriers, NYTEX developed the FAS prevention system to identify and eliminate up to 85% of fraudulent calls. NYTEX's unique position as a neutral exchange between carriers, guarantees an impartial determination. NYTEX's real-time billing and clearing system automatically updates the billable calls with this information and guarantees that Buyers will not be charged and Sellers will not be paid for these calls.
According to NYTEX President and CEO Lawry Trevor-Deutsch, "We are proud to be at the forefront in the battle against fraudulent and costly call behavior in the international voice market. We have listened to the industry and responded with a state-of-the-art solution. NYTEX believes that it is important to ensure that market participants have confidence in the traffic they trade. This new system ensures the integrity of our trading platform and shows our commitment to wipe out FAS from the industry."


About New York Telecom Exchange
New York Telecom Exchange, Inc. (NYTEX), the world's first neutral international telecommunications commodity exchange, provides a trading platform for wholesale carriers, mobile and fixed network operators and retail operators. NYTEX acts as the central clearing house to all exchange-traded transactions and therefore guarantees the delivery and fulfillment of these transactions. NYTEX has fully integrated US Dollar and Euro trading floors, where transactions can be completed without incurring any currency risk.
NYTEX's mission is to organize the world's 400 billion minutes and $20 billion of international telecommunications traffic and to become the banking system to the telecommunications industry and Telecom investors - providing everything from financial institution clearing to financing to underwriting blocks of minutes. NYTEX, the New York Telecom Exchange, along with telecom brokers, brokerage houses, investment bankers and Telecom investors intends to create a new economy based on telecommunications. Since its creation in 2008, NYTEX has grown to over 300 market participants who trade over 275 markets, covering the world's major termination markets. With the creation of NYTEX, developing countries can now use their international inbound traffic and trade it just like any other natural resource.


Forward-Looking Statements
This press release includes "forward-looking statements" as defined by the SEC. All statements, other than statements of historical fact, included herein that address activities, events or developments that United American Corporation or New York Telecom Exchange, Inc expects, believes or anticipates will or may occur in the future, including anticipated benefits and other aspects of the proposed acquisition, are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of their dates. Except as required by law, neither United American Corporation nor New York Telecom Exchange, Inc intends to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

For more information:
New York Telecom Exchange, Inc
info@nytex.net
Tel: +1 (212) 738 0759 ext 3746

Source:
New York Telecom Exchange, Inc.

For immediate release

United American Corporation Acquires the New York Telecom Exchange Inc. in a Share Exchange Agreement

Montreal, Canada, March 14, 2011, United America Corporation (OTC Symbol: UAMA) announced today that it has acquired the New York Telecom Exchange Inc. (NYTEX) in a stock for stock transaction. United American Corporation (UAC) will issue 54,547,432 of its common shares for all issued and outstanding shares of NYTEX.

NYTEX has developed an algorithm which is used to commoditize telecommunications minutes. NYTEX has also developed the trading of blocks of minutes and when used in conjunction with the algorithm allows minutes to be traded like any other commodity as in other mercantile exchanges. NYTEX expects that a financial ecosystem will continue to grow around its platform to include brokers, carriers, network operators as well as being able to finance network operators using their blocks of minutes.

Since its official launch in June 2009, NYTEX has transacted over 15,000 blocks of minutes, some 400 million minutes for a value of over $20 million.

Over $2 million has been invested in the development of NYTEX, its platform and network infrastructure. The operation is currently profitable.

NYTEX has begun the process of patenting its technologies - the algorithm and block trading. It has also started the process of getting its public filings up to date and again become fully reporting. All necessary actions are being undertaken to have UAC's name changed to the New York Telecom Exchange and an application has been made to have UAC's trading symbol reflect the name change.

There are no plans in the near future for any share restructuring.

Lawry Trevor-Deutsch, President of UAC stated, "After spinning off Teliphone Inc. from United American Corporation in 2006, we have been looking for new opportunities to bring additional value to UAC shareholders. We believe the acquisition of NYTEX will provide this value and potential for growth in the growing telecom market. NYTEX intends to take the lead in an emerging telecommunications financial ecosystem using the proprietary technology it has developed over the last 3 years combined with industry deregulation".

About New York Telecom Exchange

New York Telecom Exchange, Inc. (NYTEX), the world's first neutral international telecommunications commodity exchange, provides a trading platform for wholesale carriers, mobile and fixed network operators and retail operators. NYTEX acts as the central clearing house to all exchange‐traded transactions and therefore guarantees the delivery and fulfilment of these transactions. NYTEX has fully integrated US Dollar and Euro trading floors, where transactions can be completed without incurring any currency risk.

NYTEX's mission is to organize the world’s 400 billion minutes and $20 billion of international telecommunications traffic and to become the banking system to the telecommunications industry and telecom investors - providing everything from financial institution clearing to financing to underwriting blocks of minutes. NYTEX, the New York Telecom Exchange, along with telecom brokers, brokerage houses, investment bankers and telecom investors intends to create a new economy based on telecommunications. Since its creation in 2008, NYTEX has grown to over 300 market participants who trade over 275 markets, covering the world’s major termination markets. With the creation of NYTEX, developing countries can now use their international inbound traffic and trade it just like any other natural resource.

Forward-Looking Statements
This press release includes "forward-looking statements" as defined by the SEC. All statements, other than statements of historical fact, included herein that address activities, events or developments that United American Corporation or New York Telecom Exchange, Inc expects, believes or anticipates will or may occur in the future, including anticipated benefits and other aspects of the proposed acquisition, are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of their dates. Except as required by law, neither United American Corporation nor New York Telecom Exchange, Inc intends to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

For more information:

United American Corporation
Lawry Trevor-Deutsch
Tel: +1 (514) 313 3424
investorsrelations@unitedamericancorp.com

New York Telecom Exchange, Inc
Info@nytex.net
Tel: +1 (212) 738 0759 ext 3746

Source:
United American Corp
New York Telecom Exchange, Inc.

For Immediate Release

New York Telecom Exchange Inc. (NYTEX) Launches tBroker™ for Switchless Brokerages

Montreal, Canada, February 17 2011 – New York Telecom Exchange, Inc. (NYTEX), the world’s first neutral international telecommunications commodity exchange today launches tBrokerTM – the only tool needed to set up a telecoms brokerage. tBroker™  will be of particular interest to telecoms brokers and financial investors who want to trade Telecom Commodities, but do not want to invest in telecoms equipment, billing and rating systems, data centres, accounting and collection departments, a credit line at the bank, back office support and 24/7 NOC.
tBroker™ features:

  • Real-time P&L tools – view profit credited to brokerage account as traffic is terminated.
  • No credit risk - NYTEX is fully capitalized and acts as a central clearing house taking on the risk of default by market participants.
  • One interconnection opens many opportunities – access a network of over 300 carriers with demand for billions of minutes per month without any upfront costs.
  • Earn commission and market spread – Brokers earn commission for trading traffic, and make additional spread margin.
  • Eliminate disputes – NYTEX’s reliable and accurate billing system provides real-time traffic information eliminating disputes.

Europe Telecom, tBroker™'s first actively trading client, has been operating a switchless brokerage on the NYTEX platform during the testing phase with great success.  With integrated access to the spot market and tTrader™ (the direct exchange), the company takes advantage of NYTEX's proprietary advanced traffic management system ACIMASTM to guarantee a reference quality for their clients who buy and sell traffic, getting the optimal balance of cost and quality.

Bruno Mourani, Europe Telecom's Account Executive says: “tBroker™ is the only tool we need to run our own telecoms brokerage. Without any investment in our own equipment, we are now trading large volumes of traffic on the NYTEX spot market and setting up direct deals for our clients.”
tBroker™ is part of a revolutionary new ecosystem growing up around the NYTEX trading platform. Just as financial day-traders gained equal access to capital markets in the 1990s to institutional players via online trading platforms, telecoms investors and brokers are now able to leverage their extensive relationships, and trade on NYTEX. Anyone with commodity trading experience is able to set up their own telecoms brokerage and trade with other brokers on the markets and directly with carriers.

About New York Telecom Exchange

New York Telecom Exchange, Inc.(NYTEX), the worlds first neutral international telecommunications commodity exchange, provides a trading platform for wholesale carriers, mobile and fixed network operators and retail operators. NYTEX acts as the central clearing house to all exchange-traded transactions and therefore guarantees the delivery and fulfilment of these transactions. NYTEX has fully integrated US Dollar and Euro trading floors, where transactions can be completed without incurring any currency risk.


NYTEX's mission is to organize the world’s 400 billion minutes of international telecommunications traffic. Since its creation in 2008, NYTEX has grown to over 300 market participants who trade over 275 markets, covering the world’s major termination markets.


For more information and live market data visit our website www.nytex.net.
To join NYTEX contact info@nytex.net or call +1-212-738-0759.

For Immediate Release

New York Telecom Exchange Inc. (NYTEX) Launches tTrader™
The Smart Way to Exchange Traffic Directly

Montreal, Canada, January 11, 2011 – New York Telecom Exchange, Inc. (NYTEX), the world’s first neutral international telecommunications commodity exchange launched its new direct trading platform, tTrader™, today.  tTrader™ was developed based on strong industry feedback and enables NYTEX market participants to exchange traffic directly with other market participants, using their existing NYTEX interconnection, saving both time and money.

tTrader™ uses NYTEX’s proprietary ACIMAS™ algorithm (Advanced Circuit Integrated Management Algorithm System), a powerful traffic management system which allows market participants to set the desired call  quality they need per destination. Quality parameters for each supplier is measured in real-time, and the traffic flow is adjusted according to each supplier's capacity to deliver this desired quality. The ACIMAS™ algorithm allows market participants to take full advantage of cheaper routes without sacrificing quality.

tTrader™ Seller Benefits :

  • No credit risk - NYTEX is fully capitalized and acts as a central clearing house taking on the risk of default by market participants.
  • One interconnection opens many opportunities – access a network of over 300 carriers with demand for billions of minutes per month without any upfront costs.
  • Easy access to funds – junior accounts can withdraw available funds on request, as the traffic is being delivered.
  • No surprising fees – Sellers receive the sell rate offered on a confirmed transaction. No fees are added.
  • Eliminate disputes – NYTEX’s reliable and accurate billing system provides real-time traffic information eliminating disputes.
  • Safe banking – All funds are held in trust at Royal Bank of Canada with interest is payable on positive balances.  Unused funds are available to withdraw on request.
  • No slamming – ACIMAS™ uses all Sellers’ available routes, but adjusts traffic flows according to their capacity, rather than being taken out of routing completely if some circuits fall below the desired quality.

 

tTrader™ Buyer Benefits:

  • Streamlined payment terms – NYTEX eliminates the need for operators to negotiate separate payment terms with each trading partner.
  • No surprise fees – Buyers pay the rate they agree to on a confirmed transaction. No fees are added.
  • Seamless business processes – Buyers can generate statements and use customized rate amendments to fit into the traditional carrier model.
  • Take advantage of cheaper routes – the ACIMAS™ algorithm allows market participants to take full advantage of lower cost routes without sacrificing quality.

 

According to NYTEX President and CEO Lawry Trevor-Deutsch, “In an industry of constantly dwindling margins, we believe that tTrader™ adds significantly to the rich portfolio of tools already available on NYTEX. Telecom operators, regardless of size, need these sophisticated tools to operate their business at maximum efficiency and adapt to changing market conditions if they want to generate higher profits”.

About New York Telecom Exchange
New York Telecom Exchange, Inc.(NYTEX), the worlds first neutral international telecommunications commodity exchange, provides a trading platform for wholesale carriers, mobile and fixed network operators and retail operators. NYTEX acts as the central clearing house to all exchange-traded transactions and therefore guarantees the delivery and fulfilment of these transactions. NYTEX has fully integrated US Dollar and Euro trading floors, where transactions can be completed without incurring any currency risk.

NYTEX's mission is to organize the world’s 400 billion minutes of international telecommunications traffic. Since its creation in 2008, NYTEX has grown to over 300 market participants who trade over 275 markets, covering the world’s major termination markets.

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For more information and live market data visit our website www.nytex.net.
To join NYTEX contact info@nytex.net or call +1-212-738-0759.