Contact Information: Contact: Frank R. Erhartic, Jr. 434-239-4272
Sitestar Acquires AdaNet Customers
Company Purchases Dial-Up & Hosting Customers From Oklahoma ISP
| Source: Sitestar Corporation
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
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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
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"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.