LYNCHBURG, Va., Dec. 16, 2002 (PRIMEZONE) -- Internet service provider Sitestar.net, Inc., a wholly owned subsidiary of Sitestar Corporation (OTCBB:SYTE), today announced that it has partnered with a leading national provider to provide national broadband DSL and T1 Internet services to businesses and small home office customers beyond its regional footprint.
According to Joseph Albanese, Executive Vice President and Director of Business Development for the company "small businesses need broadband, if they are to remain competitive." The cost savings that result from sharing a single broadband Internet connection such as DSL frequently offsets the entire cost of the high-speed service.
Sitestar's staff specializes in helping companies financially justify the move to broadband, frequently with very little or no additional recurring costs. "Now, we can assist customers with the migration to dedicated IP services, in most areas of the country," Albanese continued.
One of the strategic initiatives spearheaded by newly appointed Sitestar Chairman and CEO, Frank Erhartic, Jr., is to build a national brand: "We have years of experience profitably delivering narrowband and broadband Internet services to small businesses, home office and residential customers."
Sitestar will begin to establish its national identity, and to expand its marketing efforts from region to a broader focus. "We have substantial untapped intellectual assets, including our DSLNOW.COM and RECHARGE.NET domains. It is time to capitalize on these assets at the national level," Erhartic went on to say.
About Sitestar Corporation
Sitestar is a publicly held company that invests in emerging technology-based enterprises. Its primary focus is rural and secondary markets of the mid-Atlantic region of the United States. Sitestar's wholly owned subsidiaries provide narrow and broadband Internet access, electronic infrastructure development, Web-hosting and design services, computer sales and repair and other technology-related solutions to residential and business users.
Sitestar's wholly owned subsidiaries include Sitestar.net (http://www.sitestar.net), Sitestar Applied Technologies (http://www.sitestarapplied.net), Lynchburg.net (http://www.lynchburg.net), Computers by Design (http://www.computersbydesign.com), CBD Toner Recharge (http://www.recharge.net) and Advanced Internet Services (http://www.advi.net).
Statements regarding financial matters in this news release other than historical facts are "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the company's future expectations, including future revenues and earnings, the anticipated stock dividends and all other forward-looking statements, be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
More information on this company can be found on eWorldWire's Online Newsroom at:
http://www.eworldwire.com/wr/121602/sitestar.htm
ONLINE NEWSROOM: http://www.eworldwire.com/profile/sitestar.htm