Sitestar CEO Responds to Shareholders Regarding Recent Delisting of the Company's Stock

LYNCHBURG, VA--(Marketwire - May 29, 2009) - Sitestar Corporation (PINKSHEETS: SYTE)

To all shareholders and stakeholders:

I am writing to address and allay concerns regarding the status of Sitestar. The Company was delisted from the Over The Counter Bulletin Board (OTCBB) on Friday May 22, 2009 due to a typographical error in our recent Form 10-K filing. The auditors' report section inadvertently listed the wrong year causing the OTCBB to deem the entire 10-K invalid thus making the filing delinquent. The filing was corrected and refiled the same day.

Since Sitestar was delisted, the only way to get back on the exchange is to file an Application for Restatement to the OTCBB. We have initiated the process and do not foresee any issues within Sitestar that would delay the reenlistment. Therefore, we anticipate a speedy return to the exchange for active trading. I deeply regret this error and, on behalf of Sitestar, assure you that we will do everything possible going-forward to guard against this happening again. Further, I continue to have full confidence in the Sitestar team's ability to achieve strategic goals and deliver shareholder value.

I want to thank all of the shareholders for their understanding, patience and continued support of Sitestar. Should you have further concerns, I welcome your correspondence.

Best regards,

Frank R. Erhartic, Jr.
CEO, Sitestar Corporation

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, wholesale managed modem services for downstream ISPs 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 Information: Contact: Frank R. Erhartic, Jr. 434-239-4272