Sitestar Continues Wireless ISP Expansion in Virginia
MARTINSVILLE, VA-April 22, 2003-Internet Service Provider Sitestar.net, Inc., a wholly-owned subsidiary of Sitestar Corporation (OTCBB: SYTE), today announced it has deployed its second major wireless hub in Southside Virginia.
MARTINSVILLE, VA-April 22, 2003 /PR Web/ -- Internet Service Provider Sitestar.net, Inc., a wholly-owned subsidiary of Sitestar Corporation (OTCBB: SYTE), today announced it has deployed its second major wireless hub in Southside Virginia.
Wireless continues to gain momentum as one of our top broadband Internet service offerings. It is extremely fast, reliable and secure," according to Sitestar Chairman and CEO, Frank Erhartic, Jr. This expansion further demonstrates our commitment to broadband expansion in Virginia," Erhartic continued.
Many companies are choosing wireless as the medium of choice for their broadband Internet connectivity. The technology has matured over the past few years. The robustness and security capabilities have improved dramatically. Speeds of 11 Mbps or higher are possible with current technologies.
According to Joseph M. Albanese, Executive Vice President and Director of Business Development for Sitestar Corporation, With assets located on the highest point in Collinsville, we are now better-positioned to offer wireless Internet services to a greater number of businesses in the Henry County and Martinsville vicinity. We are thrilled to make this announcement." Sitestars broadband repertoire includes: wireless, DSL and cable Internet (in selected markets). In addition, we provide many businesses and institutional customers with services ranging from ISDN (128 Kbps) to fractional T1, full T1 (1.54 Mbps) and even DS3 (45 Mbps).
About Sitestar
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.
CONTACTS: Sitestar
Joseph M. Albanese, (276) 666-9533, joe@sitestar.com
Frank Erhartic, Jr., (424) 239-4272, investorrelations@sitestar.com
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