UnitedCorp to Enforce on Patent Infringement against Snap Inc. for its use of Geo-location Based Filters

MIAMI, July 11, 2017

MIAMI, July 11, 2017 /PRNewswire/ - Miami-based United American Corp (UnitedCorp), (OTC: UAMA) announced today that it will enforce on patent infringement against Snap Inc. (NYSE: SNAP) related to Snap's use of geo-location based filters.

UnitedCorp holds all technology rights related to dedicated mobile content sharing technology with digital integration of users' selectable external content based on their location through its wholly-owned subsidiary, iFramed Canada Ltd. The technology is the basis for SnapChat's ''GeoFilters'' for photos and videos based on geo-location. Snap Inc. is a provider of image and video‐based social media services with head office in Venice, California.

On June 28, 2017, UnitedCorp acquired iFramed, from Investel Capital Corp in a share exchange agreement.

The suit originally filed by Investel in the Federal Court of Canada, claims that Snap Inc. continues to infringe on certain claims of patent No. 2,887,596, entitled "USER CONTENT SHARING SYSTEM AND METHOD WITH AUTOMATED EXTERNAL CONTENT INTEGRATION". iFramed also holds priority rights as of January 3, 2014 to the technology in key jurisdictions including the United States, China, Australia, Japan, India, Canada and throughout Europe. UnitedCorp is seeking remedies in the form of monetary damages for past infringement, as well as injunctive relief prohibiting Snap Inc. from continuing to infringe on the patent.

The lawsuit states that Snap has focused its core monetization strategy on the basis of the iFramed patent portfolio. According to its SEC registration statement, Snap states: "We monetize our business primarily through advertising. Our advertising products include Snap Ads and Sponsored Creative Tools like Sponsored Lenses and Sponsored Geofilters''. Even though the company has been on notice since August 2016 it has failed to disclose any of this information as a material event in any of its SEC filings.

While Snap does hold a US patent for an ''Apparatus and method for supplying content aware photo filters'' as well as a recently acquired patent entitled ''Methods and systems of providing visual content editing functions'' neither of these permits the use of a dedicated mobile content sharing technology with digital integration of users' selectable external content based on their location as is used in the Snap GeoFilters.