Contact Information: Contact: Frank R. Erhartic, Jr. 434-239-4272
Sitestar Purchases Broadband Customers From USA Telephone
Company Acquires DSL Accounts in Second Transaction With Seller
| Source: Sitestar Corporation
LYNCHBURG, VA--(Marketwire - May 12, 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
certain broadband digital subscriber line (DSL) accounts and related assets
from USA Telephone. Last year, Sitestar closed a blockbuster deal with the
Maine-based Competitive Local Exchange Carrier (CLEC) in which it acquired
nearly 40,000 dial-up subscribers sold and marketed under the Nationwide
Internet, InReach Internet and DFW Internet brands. This transaction
increases Sitestar's broadband base and supports the Company's strategy of
diversifying its customer portfolio to facilitate sustained revenue growth.
Commenting on the acquisition, Frank R. Erhartic, Jr., CEO for Sitestar,
said, "We are delighted that we could leverage our existing business
relationship with USA Telephone to acquire additional customers. Sitestar
has earned a reputation of being able to successfully acquire, integrate
and support a myriad of ISP access and web hosting customers. DSL service
is typically more immune to churn than dial-up and, for this customer base,
we can achieve very attractive margins by utilizing our existing
infrastructure and favorable supplier partnerships."
"On behalf of everyone at Sitestar," added Mr. Erhartic, "We welcome the
former USA Telephone DSL customers and look forward to serving their
Internet communication needs."
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About Sitestar
Sitestar is an Internet solutions provider that offers consumer and
business-grade Internet access 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.