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Technology Stocks
SYTE - Sitestar
An SI Board Since October 2000
Posts SubjectMarks Bans Symbol
301 5 0 SYTE
Emcee:  Joe Copia Type:  Moderated
Introduction Market Data Compact
Sitestar Submits Offer for Fashionmall.com; Offers $3 Per Share in Cash, a 45% Premium Over Current Price


ENCINO, Calif.--(BUSINESS WIRE)--Oct. 23, 2000--Sitestar Corporation (OTCBB:SYTE), an Internet holding company, today announced that it has submitted an offer letter to the management of Fashionmall.com (Nasdaq:FASH) to acquire all of Fashionmall.com's outstanding shares for $3 per share in cash. This price represents a 40% premium from its closing price of $2.0625 per share on the day the offer was made. The offer is valued at approximately $22.5 million.

"Considering the value in Fashionmall.com assets and business, and in light of the deep discount its shares are trading at, we are prepared to tender for all the shares at a significant premium to the current market price," said Clinton J. Sallee, President and Chief Executive Officer of Sitestar.

"Fashionmall.com is attractive from both a strategic and financial perspective. We see long-term growth potential in their Internet assets and brand value. Our financing is in place and we are seeking management's support for this transaction," added Sallee.

Sitestar recently withdrew an offer to purchase Mothernature.com due to lack of cooperation on behalf of management of that company.

CONTACT:

Sitestar

Clinton J. Sallee, 818/981-4519

csallee@sitestar.com
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301Is Sultan John still on this board??LORD ERNIE-8/25/2008
300New to this bd, but have owned syte for years. When will VOIP launch? Any ideas?rallycat-9/23/2007
299Yes I think I do, the earnings will be out soon and they will be good, very goodLORD ERNIE-3/8/2007
298All of a sudden this stock has begun moving up. Does anyone know what's behimagicslr-3/8/2007
297SYTE picked up an institutional investor: "E.E.Geduld" nasdaq.comonetinsoldier-2/18/2007
296Are you saying that bashers only bash good stocks? Do you feel that SYTE is a rrufff-12/19/2006
295Could it happen this week? From: wllmmngld Nov 16 2006 Msg: #of 50 Well ladiesparism-12/19/2006
294Is he a paid-paidbasher-basher like you blowing his monthly inheritance trust fubones142O-12/15/2006
293p.s. I've got some .024's I'm considering taking my cap-<b>GAIbones142O-12/14/2006
292I'm thinking about dumping my shares before the end of the year and take a tsparism-12/14/2006
291Best day this stock has had in months, technically....note all of today's 50bones142O-12/13/2006
290they tell me that dandi-dood is a masterninja...any truth to that rumor? lol sebones142O-12/12/2006
289LOOK this guy owns Dandi's stock too... Hummmm?giffe-12/12/2006
288<b>E E Geduld</b> is placing SYTE in his portfolio...hehehe...me 2, bones142O-12/12/2006
287SYTE has more fundamental-support here at below .065 than ANY stock on ANY boardbones142O-12/9/2006
286quotes.freerealtime.comLORD ERNIE-11/16/2005
285more than one year later and still nobody on boardLORD ERNIE-12/18/2004
284Nobody on board and syte is doing great :-$)LORD ERNIE-7/28/2003
283New info looks good,IMHO.......Stockbull-5/20/2003
282<i><b>Sitestar Redeems 32.5% of Its Outstanding Shares </i> Ljmhollen-12/11/2002
281A "bull in a china shop" :-)Evan-7/16/2002
280he always is!!!LORD ERNIE-7/16/2002
279He can be persistent :-)Evan-7/15/2002
278did you see ECNC the last week! And they still own me monney and shares ;-$))LORD ERNIE-7/15/2002
277You need a riot gun for JMH??? lolLORD ERNIE-7/15/2002
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