Sitestar Acquires N2 The Net, Internet Access Customers

Mon Apr 14, 2008 7:00am EDT

* Reuters is not responsible for the content in this press release.

  LYNCHBURG, VA, Apr 14 (MARKET WIRE) -- 
 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 customer base and assets of
Tennessee's N2 The Net. The acquisition closely follows the Company's recent
purchase of Comcation and is the second transaction in what Sitestar expects to
be
a year of increased deal flow and growth in new, opportunistic market
segments.

    "N2 The Net's narrowband and broadband customer base fits squarely into
Sitestar's acquisition sweet-spot where our economies of scale and
value-added service offerings enable us to generate stronger margins and
retain customers longer than smaller ISPs can," said Frank R. Erhartic, Jr., CEO
for Sitestar.  "We are encouraged by our progress so far in 2008 and
anticipate closing more opportunities by leveraging our increased cash flow to
capitalize upon the current economic climate."

    N2 The Net customers can look forward to an easy transition, access to
additional services such as Surfboost Web Accelerator as well as other benefits
including advanced spam filtering, extremely reliable network uptime and
extended
support hours, along with Sitestar's friendly, personal support.  "We welcome
the
former N2 The Net customers to Sitestar and pledge to deliver outstanding
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 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.

    

Contact:
Frank R. Erhartic, Jr.
434-239-4272
Email Contact

Copyright 2008, Market Wire, All rights reserved.

-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.