MIAMI, FL -- March 22, 2019 -- InvestorsHub NewsWire -- Miami-based United American Corp ("UnitedCorp")(OTC: UAMA) announced today that it has completed the acquisition of TNW Wireless Inc. ("TNW Wireless") from Investel Capital Corporation (Canada) ("Investel"). The plan to acquire TNW Wireless was initially announced in June 2017 and was pending the outcome of TNW Wireless' Part 1 Application of July 2017 to the Canadian Radio-television and Communications Commission (the "CRTC"). Under the final terms of the share exchange agreement, Investel receives 35 million common shares of UnitedCorp based on a valuation of US$0.15 per share in exchange for all issued and outstanding shares of TNW Wireless and UnitedCorp will assume CD $2.5 million in related promissory notes. Since June 2017 UnitedCorp has also provided TNW Wireless certain advances against the acquisition.