Investel to become top UnitedCorp investor with acquisitions

United American Corp (UnitedCorp), a Miami-based telecommunications and information technology holding company, has agreed to buy TNW Wireless Inc and iFramed Canada Ltd, both Canadian affiliates of Investel Capital Corp. UnitedCorp will issue 25 million common shares for the purchase of each company. With the deal, Investel will become UnitedCorp's largest investor. UnitedCorp said the two acquisitions will allow it to deploy next generation smartphone wireless service and social media content posting technology. Investel is a Canadian investor in distressed and underachieving telecommunications companies.

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