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Sitestar Corporation, an Internet and computer solutions provider that offers narrow and broadband Internet access, Web hosting and design and other value-added services announces that it has purchased the dial-up subscriber base of First Net, an Ohio-based Internet Service Provider (ISP). This is the third acquisition for Sitestar for this year. Recently it purchased Colorado’s Prolynx and Canada’s NetRover.
Founded in 1996, First Net is the leading
ISP in the Ohio Valley. Sitestar plans to migrate the First Net
subscribers to its own infrastructure to maximize operational
efficiencies, a process which Sitestar expects to be seamless. Once
complete, First Net customers will continue to enjoy fast, easy and
cost-effective dial-up Internet access plus receive additional benefits
including extended technical support hours, an expanded coverage area,
web acceleration, advanced e-mail antivirus and spam protection and
much more. “The purchase of First Net is the culmination of our
team’s extensive research, tenacity and commitment to seek out
acquisition opportunities in which we can quickly realize a sound
return on investment,” said Frank R. Erhartic, Jr., CEO for Sitestar.
“Having strong brand recognition and customer loyalty, First Net is an
ideal acquisition for Sitestar and perfectly complements our growth
strategy, adding approximately one million dollars to our annual
revenue. We welcome the First Net dial-up subscribers to Sitestar.” Sitestar
has embarked upon an aggressive campaign this year to expand its
Internet subscriber base in target markets. Combined, the company’s
acquisitions factor to significantly increase revenue and fuel
continued growth and expansion. “Success breeds success,” added
Erhartic. “We’ve come out of the gate strong and have engaged a list of
compelling acquisition candidates. We’re confident that additional
acquisitions will soon follow.” The Lynchburg, Va.
-based Sitestar is an Internet and computer solutions provider that offers narrow and
broadband Internet access, Web hosting and design and other value-added
services. The company's customers include residential and commercial
accounts throughout the United States and Canada.


