SOURCE: Sitestar Corporation

March 21, 2007 09:00 ET

Sitestar CEO Interviewed by The Wall Street Reporter

Executive Frank Erhartic Discusses Sitestar's 2007 Acquisition & Growth Strategies

LYNCHBURG, VA -- (MARKET WIRE) -- March 21, 2007 -- Sitestar Corporation (OTCBB: SYTE), a provider of residential and business Internet access and value-added computer services, announced today that CEO, Frank R. Erhartic, Jr., was interviewed by the Wall Street Reporter. The discussion describes Sitestar's recent acquisitions of Magnolia Internet and OneWest.Net and their impact upon both the company's growth plans and balance sheet. Additionally, Mr. Erhartic discusses Sitestar's near-term acquisition strategy and the company's outlook for investors.

In the interview, Mr. Erhartic explains that work for the two most-recent acquisitions was initiated last year. "It can be a lengthy cycle from the initial qualifying call to closing the deal," said Mr. Erhartic. "Although we did not consummate many acquisitions last year, behind the scenes, we were very successful in building a strong acquisition opportunity pipeline. It appears that those opportunities are now coming to fruition which, in turn, makes us increasingly optimistic about our potential for growth this year."

Mr. Erhartic is also bullish on the Sitestar's share price which has nearly doubled this quarter and the company's ability to continue to deliver shareholder value. "Given what we have achieved this quarter from both a revenue and share price standpoint, we believe that Sitestar is poised for a steeper and sustained growth trajectory," said Mr. Erhartic. "Nothing drives shareholder value more powerfully than profitable growth. That's why a lot of people can and are making money with our stock."

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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 and computer solutions provider that offers narrow-band (dial-up) services and broadband Internet access services (ISDN, DSL, satellite, cable and wireless), Web hosting and design, and other value-added services including web acceleration, spam and virus filtering as well as spyware protection. Headquartered in Lynchburg, Virginia, Sitestar maintains multiple sites of operation and provides services to customers throughout the U.S. and Canada, with concentrations in customers in the Mid-Atlantic and Rocky Mountain regions in the U.S. and in Ontario, Canada. With a focus on competitive pricing, reliability, service and speed, Sitestar delivers customer value.

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