MIAMI, Dec. 06, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE--Canadian based TNW Wireless Inc. ("TNW Wireless") and Miami-based United American Corp ("UnitedCorp") (OTC: UAMA) announced today that on December 4, 2018, Innovation Science and Economic Development Canada ("ISED") approved and completed the transfer of two wireless spectrum licenses into the name of TNW Wireless.
TNW Wireless' (formerly known as RuralCom Corporation) shares were acquired by Investel Capital Corporation (Canada) in December 2016 and the license transfer is an administrative process which is required by ISED whenever there is a change in control of licensed spectrum.
"We are very pleased that ISED transfer process is complete and ISED's confirmation that we are in full compliance with conditions of license set forth by its Spectrum Management Branch," stated Lawry Trevor-Deutsch, President of TNW Wireless. "We now look forward to the decision by the Canadian Radio television and Telecommunications Commission regarding our Part 1 Application related to the provision of roaming services by Bell Mobility and TELUS as mandated by the Commission in order to move forward with the next stage of the company's development with its iPCS technology."
Further details on the transfer can be obtained on the ISED web site at http://www.ic.gc.ca/eic/site/smt-gst.nsf/eng/sf11453.html .
About TNW Wireless Inc.
TNW Wireless is a licensed wireless operator for wholesale and retail services in Canada and is a wholly-owned subsidiary of Investel Capital Corporation Canada. The company currently holds 25MHz bandwidth tier-2 850 MHz licenses and is a registered wireless carrier. It provides global communication services to the Northwest region of Canada and global communication services through proprietary iPCS Smartphone-over-IP technology.
About United American Corp
Established in 1992, United American Corp is a Florida-based development and management company focusing on telecommunications and information technologies. The company currently holds the rights to manage a portfolio of patents and proprietary technology in telecommunications, social media and Blockchain technology, and owns and operates the BlockchainDomes 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.
United American Corp
TNW Wireless Inc.
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