Sitestar Completes First Phase of Integration
SHERMAN OAKS, Calif., May 14, 2002 (BUSINESS WIRE) -- Sitestar Corporation (OTCBB:SYTE), a technology investment company, today announced that its ISP divisions have completed the first phase of integration.
"Thanks to the efforts of our team and the innovation of our proprietary customer administration software, Lynchburg.net customers are now being serviced primarily through our offices in Martinsville," commented Clinton J. Sallee, president and CEO of Sitestar Corporation. "Customer administration costs are the second greatest expense we face as an ISP. Achieving this integration will allow us to further lever our infrastructure and devote more of our resources to long-term growth. We look forward to announcing the second phase of our integration in the near future as we complete the process with our Advanced Internet customers."
About Sitestar
Sitestar is a publicly held investment company that acquires and invests in emerging technology-based enterprises. Its primary focus is the acquisition of small independent Internet Service Providers in the 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 and other technology-related solutions to residential and business users.
Sitestar's wholly owned subsidiaries include Sitestar.net, Sitestar Applied Technologies, Lynchburg.net, Computers By Design and Advanced Internet Services.
CONTACT: Sitestar Corporation Clinton J. Sallee, 818/380-8180 csallee@sitestar.com |
