LYNCHBURG, Va., March 21, 2006 (PRIMEZONE) -- Sitestar Corporation (OTCBB:SYTE), a provider of residential and business Internet access and value-added computer services, today announced that it has purchased Prolynx, a Colorado-based Internet Service Provider (ISP). The acquisition further increases the company's dial-up and Digital Subscriber Line (DSL) Internet customer base in the Rocky Mountain region.
As a result of the acquisition, Prolynx customers will become part of the Sitestar network and benefit from the company's cutting-edge products and services such as advanced spam filtering and around the clock technical support. The company expects the transition to be seamless.
"This acquisition continues our commitment to build a larger, stronger and more efficient company that delivers both customer and shareholder value," said Frank R. Erhartic, Jr., CEO for Sitestar. "We are delighted to welcome Prolynx customers to Sitestar and look forward to providing them our high quality service and support."
Sitestar has embarked upon a plan to aggressively grow its customer base through a strategy that includes direct marketing, leveraging strategic partnerships and affiliations, and acquiring ISPs in target markets. The absorption of Prolynx follows Sitestar's recent purchase of Canada's NetRover which expanded the company's presence outside of the United States.
About Sitestar
Sitestar (www.sitestar.com) is an Internet and computer solutions provider that offers narrow and broadband Internet access, Web hosting and design, and other value-added services. The company's customers include residential and commercial accounts throughout the United States and Canada. With a focus on competitive pricing, reliability, service and speed, Sitestar delivers customer value. Sitestar is headquartered in Lynchburg, Va. Its wholly owned subsidiaries include Sitestar.net (www.sitestar.net), netROVER, Inc. (www.netrover.com), Prolynx (www.prolynx.com), SurfWithUs.Net (www.surfwithus.net), Lynchburg.net (www.lynchburg.net), Advanced Internet Services (www.advi.net), Computers by Design (www.computersbydesign.com) and CBD Toner Recharge (www.recharge.net).
This report contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Stockholders are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, our ability to expand our customer base, make strategic acquisitions, general market conditions, and competition and pricing. Although we believe the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements contained in the report will prove to be accurate.
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