SiteStar Corporation, an Internet service provider (ISP), offers consumer and business-grade Internet access, wholesale managed modem services for downstream ISPs, and Web hosting. The company also delivers value-added services, including spam, virus, and spyware protection; pop-up ad blocking; and Web acceleration. The company maintains multiple sites of operation and provides services to customers throughout the U.S. and Canada. The company’s Internet division markets and sells narrow-band (dial-up and ISDN) and broadband services (digital subscriber line, fiber-optic, and wireless), and supports these products utilizing its own infrastructure and affiliations. It also markets and sells Web hosting and related services to consumers and businesses. The company is also a real estate investment entity that acquires distressed real estate primarily from foreclosure auctions at a discount from market value. Business Strategy The company’s internet growth strategy is to expand by increasing its customer base, services, and coverage area. The company uses partnerships to accomplish this. The company intends to increase the real estate holdings of distressed and foreclosed properties and refurbish as needed for marketability. Major elements of the company’s ISP strategy include increasing the broadband customer base and increasing the economies of scale. Major elements of the company’s real estate strategy include increasing real estate holdings. History SiteStar Corporation was founded in 1992.
(SYTE:OTCBB - OTCQB)
7109 Timberlake Road
Lynchburg, VA 24502
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