Sitestar Corporation (SYTE), an Internet Service Provider (ISP) and computer services company, today announced the itinerary for the closing of its next acquisition. This acquisition is now scheduled to close in the next 30 days.

"Due to various scheduling and vacation conflicts, we have not been able to compile the data necessary to close the transaction by our initial target date of September 1, 2005," says Frank R. Erhartic, Jr., CEO for Sitestar. "We now have most of our due diligence done and have board approval from the Seller to proceed. During the next couple of weeks, we will work on assembling sample customer data and the import of the customer data into our system. We anticipate no obstacles with this transaction and anticipate the deal will close within the next 30 days."

Sitestar announced last month the acquisition of this western United States company's Internet assets and mostly residential customer base. This company has over 11,000 accounts, which will nearly double Sitestar's revenues. These accounts consist of services for dial-up access, Digital Subscriber Line (DSL) access, web hosting, web acceleration and other services.

More information will be disclosed in a press release and an 8-K filing with the SEC when this transaction closes.

Forward looking statements

This report contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Stockholders are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, our ability to expand our customer base, make strategic acquisitions, general market conditions, and competition and pricing. Although we believe the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements contained in the report will prove to be accurate.

About Sitestar Corporation

Sitestar Corporation is a mid-Atlantic Internet Service Provider (ISP) and computer services company offering a broad range of services to business and residential customers. Sitestar's main customer base is primarily in the Virginia and North Carolina markets but also sells most of its services nationwide. Sitestar's wholly owned subsidiaries provide narrow and broadband Internet access, Web-hosting and design services, computer sales and repair and other technology-related solutions to its residential and business customers.

Sitestar's wholly owned subsidiaries include Sitestar.net (http://www.sitestar.net), SurfWithUs.Net (http://www.surfwithus.net), Lynchburg.net (http://www.lynchburg.net), Advanced Internet Services (http://www.advi.net), Computers by Design (http://www.computersbydesign.com) and CBD Toner Recharge (http://www.recharge.net).

For more information, visit one of the following Web sites:

www.sitestar.com, www.sitestar.net, www.lynchburg.net, www.surfwithus.net, www.advi.net\, www.computersbydesign.com or www.recharge.net.