LYNCHBURG, VA -- (Marketwire) -- 08/04/10 -- Sitestar Corporation (OTCBB: SYTE), a holding company for technology related businesses, announced today that it has purchased the Internet access customer base and assets of Tennessee's Jellico.Net. The acquisition further increases the company's dial-up and Digital Subscriber Line (DSL) Internet customer base in the state of Tennessee.
"This is the second acquisition of a company headquartered in Tennessee," said Frank R. Erhartic, Jr., CEO for Sitestar. "We can move these new customers onto our existing network, generate economies of scale and provide them with exceptional service."
Jellico.Net's 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 Jellico.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.
Sitestar is a holding company for technology related businesses, including Internet Service Providers (ISPs) and computer sales and services. Sitestar offers consumer and business-grade Internet access, web hosting and computer related services. Other services offered are wholesale managed modem and call center services for downstream ISPs. 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. Visit www.sitestar.com.
Frank R. Erhartic, Jr.
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