Contact Information: Contact: Frank R. Erhartic, Jr. 434-239-4272
Sitestar Purchases Comcation Assets
Company Acquires Internet Access & Hosting Customers From Pennsylvania ISP
| Source: Sitestar Corporation
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
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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
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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.