ENCINO, Calif., Aug 25, 2000 (BUSINESS WIRE) --  Sitestar Corp. (OTCBB:SYTE), an
Internet holding company, today announced that it has submitted a formal offer
letter to the management of Mothernature.com (Nasdaq:MTHR) to acquire all of
Mothernature.com's outstanding shares for 75 cents per share in cash.
 
This price represents a 71.4 percent premium from its closing price of $0.4375
per share on the day the offer was formally submitted. The offer is valued at
approximately $11.36 million.
 
Sitestar's offer for Mothernature.com's shares will not be subject to financing
or a lengthy due diligence process, and will only contain a condition providing
for an out in the event of a material adverse change regarding Mothernature.com.
 
Sitestar asked Mothernature.com's management to extend Sitestar its full support
by approving the purchase of the shares. Sitestar's offer also included a
$500,000 break-up fee in the event that management decides to auction off
Mothernature.com to other interested acquirers.
 
"We see tremendous value in Mothernature.com and are prepared to make a tender
offer for all of the shares at a significant premium to the market," said
Clinton J. Sallee, president and chief executive officer of Sitestar.
"Mothernature.com is highly attractive from both a strategic and financial
perspective. Their Internet assets and brand value have long-term growth
potential. The company's strong balance sheet is equally appealing."
 
 
     About Sitestar
 
Sitestar is a diversified Internet holding company that participates, through
its wholly owned Web-based subsidiaries, in emerging segments of the Internet,
such as e-commerce, value-added content, ISP and portal/community.
 
To sustain its growth, the company acquires and invests in emerging
Internet-related enterprises to create a broad and diverse set of core Internet
businesses that deliver a variety of online solutions.
 
In addition to developing and integrating Internet-based technologies, the
company's primary objective is to maximize shareholder value by creating a
healthy mix of Internet operating companies and Internet-related portfolio
investments that will enhance the value of its core holdings.
 
Sitestar's wholly-owned subsidiaries include Neocom Microspecialists,
Sitestar.net, Soccersite.com, Greattools.com and Holland-American.com and it has
a minority equity investment in Qliq-On Corp.
 
Sitestar corporate headquarters is located at 16133 Ventura Blvd., Suite 635,
Encino, Calif. 91436; telephone 818/981-4519 and facsimile 818/981-2658.
Additional information is available on the company's Web site at
sitestar.com.
 
 
     Sitestar's Corporate Mission
 
The company's mission is to develop its Internet operating subsidiaries and
future portfolio investments in other Internet enterprises into highly focused
and successful stand-alone Internet businesses. The company intends to achieve a
fast-track development process by tapping the services, support and knowledge of
individuals and organizations that have extensive experience in developing
Internet concepts and technologies.
 
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.
 
 
 CONTACT:          Sitestar Corp., Encino
                   Clinton J. Sallee, 818/981-4519
                   csallee@sitestar.com