SOURCE: Sitestar Corporation

February 28, 2008 07:00 ET

Sitestar Purchases Comcation Assets

Company Acquires Internet Access & Hosting Customers From Pennsylvania ISP

LYNCHBURG, VA--(Marketwire - February 28, 2008) - Sitestar Corporation (OTCBB: SYTE), a provider of residential and business Internet access, web hosting and value-added products and services, announced today that it has purchased the Internet access and web hosting customer base as well as other assets of Comcation. The transaction is the first of what the Company expects to be a prolific 2008 spurred on by the momentum of Sitestar's landmark purchase of nearly 40,000 subscribers sold and marketed under the Nationwide Internet, InReach Internet and DFW Internet brands that were formerly held by Maryland-based MobilePro Corporation.

"Comcation's blend of access and hosting customers represents the ideal customer composition that Sitestar is targeting for acquisition," said Frank R. Erhartic, Jr., CEO for Sitestar. "Our strategy is to continue to leverage our economies of scale within the narrowband segment to generate revenue that will drive new growth in opportunistic market segments such as web hosting which, like dial-up, has strong profit margins but, also, the added benefit of customer 'stickiness.'"

Sitestar expects a seamless transition to the Company's own infrastructure. "We welcome the former Comcation customers to Sitestar and look forward to providing them with unparalleled service and support," 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, Web hosting and other Internet related products. 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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