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. Value-added services include Web acceleration, spam and virus filtering, as well as, spyware protection. Additionally, the company markets and sells Web hosting and related services to consumers and businesses. The company offers broadband within its regional and national footprint. The company markets broadband Internet access through traditional sales channels. The company acquires distressed real estate primarily from foreclosure auctions. The company plans to increase the real estate holdings of distressed and foreclosed properties and refurbish as needed for marketability. The company identifies and pursues individual home acquisition opportunities through various sources, including wholesale deals, tax and foreclosure auctions and short sales. The company focuses on acquiring homes with various key property characteristics. It targets areas with above average median household incomes, school districts and access to desirable lifestyle amenities. The company owns approximately 45 residential properties in the Lynchburg-Roanoke, Virginia area. Strategy The key elements of the company’s strategy include increasing the broadband customer base; and increasing the economies of scale. The company’s real estate strategy is to increase real estate holdings. History SiteStar Corporation was founded in 1992.
(SYTE:OTCBB - OTCQB)
7109 Timberlake Road
Lynchburg, VA 24502
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