SOURCE: Sitestar Corporation

June 09, 2008 10:05 ET

Sitestar Acquires AdaNet Customers

Company Purchases Dial-Up & Hosting Customers From Oklahoma ISP

LYNCHBURG, VA--(Marketwire - June 9, 2008) - Sitestar Corporation (OTCBB: SYTE), a provider of residential, business and wholesale Internet access, web hosting and value-added products and services, announced today that it has purchased the dial-up and hosting customers and other assets of AdaNet, an Oklahoma-based Internet Service Provider (ISP). The deal is the fifth this year for Sitestar and the Company's first chance to leverage recently-acquired wholesale provider Dial Assurance to deliver service and maximize margins.

"AdaNet not only expands our high-margin dial-up and hosting customer bases but, more importantly, enables us to cross-pollinate our retail and wholesale service lines whereby we can generate revenue for Dial Assurance while simultaneously controlling operating expenses," said Frank R. Erhartic, Jr., CEO for Sitestar.

As with other Sitestar acquisitions, AdaNet customers can expect an easy transition and the benefits of a large, nationwide ISP including advanced spam filtering, extremely reliable network uptime and extended support hours plus friendly, personal service and support. "We welcome the AdaNet customers to Sitestar and promise to make their Internet experience safe and satisfying," added Mr. Erhartic.

Safe Harbor for Forward-Looking Statements

This press release contains forward-looking statements that are based on management's expectations, estimates, projections and assumptions. The Company assumes no obligation except as required by law to update the forward-looking statements contained in this press release as a result of new information or future events or developments. These forward-looking statements generally can be identified by words such as "believes," "expects," "projects," "anticipates," "foresees," "forecasts," "estimates," "should" or other words or phrases of similar import. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors, including and without limitation, as found in the Company's reports filed with the Securities and Exchange Commission.

About Sitestar

Sitestar is an Internet solutions provider that offers consumer and business-grade Internet access, wholesale managed modem services for downstream ISPs and Web hosting. Headquartered in Lynchburg, Virginia, Sitestar maintains multiple sites of operation and provides services to customers throughout the U.S. and Canada. With a focus on competitive pricing, reliability, service and speed, Sitestar delivers customer value. For more information, visit www.sitestar.com.

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