Contact Information: Contact: Frank R. Erhartic, Jr. 434-239-4272 Email Contact
Sitestar Executive Interviewed by the Wall Street Transcript
CEO Frank Erhartic Discusses Sitestar's Recent Successes & Outlines Future Growth Strategy
| Source: Sitestar Corporation
LYNCHBURG, VA -- (MARKET WIRE) -- December 11, 2006 -- Sitestar Corporation (OTCBB : SYTE ), a
provider of residential and business Internet access and value-added
computer services, announced today that an interview with the company's
CEO, Frank R. Erhartic, Jr., has been published by The Wall Street
Transcript (TWST). The discussion, which includes an overview of
Sitestar's financial successes since Mr. Erhartic became CEO in 2002,
features a roadmap for near-term and future growth and signals the start of
the company's commitment to a more aggressive promotional strategy for
investor relations going forward.
In the interview, Mr. Erhartic highlights that Sitestar has increased its
share price from half a penny in 2002 to a high of $0.12 earlier this year
and has posted profits for nine consecutive quarters. When prompted for
reasons why a long-term investor should investigate Sitestar, Mr. Erhartic
states, "I think we're one of the few firms on our exchange that is doing
very well and has a solid discipline... Because we've been successful in
executing our business plan, a lot of people can and are making money with
our stock."
"We are delighted to have this chance to tell our story to the investor
community through TWST," said Mr. Erhartic. "We believe that we are doing
all the right things at Sitestar such as increasing revenue and net income,
servicing and paying down debt and expanding and diversifying our customer
base. Our team is putting on the full court press to grow Sitestar and
increase shareholder value."
TWST offers its subscribers exclusive interviews of CEOs from leading
technology and health companies as well as insights from preeminent
investor specialists and analysts. To read a transcript of the interview
with Mr. Erhartic, please go to
http://www.twst.com/notes/articles/afj610.html.
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 (www.sitestar.com) is an Internet and computer solutions provider
that offers narrow-band (dial-up) services and broadband Internet access
services (ISDN, DSL, satellite, cable and wireless), Web hosting and
design, and other value-added services including web acceleration, spam and
virus filtering as well as spyware protection. Headquartered in Lynchburg,
Virginia, Sitestar maintains multiple sites of operation and provides
services to customers throughout the U.S. and Canada, with concentrations
in customers in the Mid-Atlantic and Rocky Mountain regions in the U.S. and
in Ontario, Canada. With a focus on competitive pricing, reliability,
service and speed, Sitestar delivers customer value.