Sitestar Corp (SYTE) 0.0410 $SYTE
Sitestar Announces a Settlement With the Jeffrey Moore Shareholder Group
Marketwired - Wed Feb 11, 12:40PM CST
Sitestar Corporation (OTCQB: SYTE) ("Sitestar" or the "Company"
today announced that it has agreed to a settlement with the Jeffrey Moore Shareholder Group. As part of the settlement, the following individuals have been appointed as directors to the company: Roger Malouf, Steven Kiel, and Jeremy Gold. These three new directors join current directors Frank Erhartic, Daniel Judd, and Jeffrey Moore.
Sitestar Comments on Moore's Attempt to Remove a Majority of the Members of the Sitestar Board of Directors
Marketwired - Wed Jan 21, 2:37PM CST
Sitestar Corporation (OTCQB: SYTE) ("Sitestar" or the "Company" today issued the following statement regarding the filing by the Moore Shareholder Group ("Moore" of definitive proxy materials with the Securities and Exchange Commission ("SEC" in order to solicit proxies to call a Special Meeting of Sitestar's stockholders on February 12, 2015 in New Canaan, Connecticut. The purpose of the meeting is to elect nine nominees to the Sitestar Board to replace the majority of the current Board; Frank R. Erhartic, Jr., President and CEO of Sitestar; and Daniel Judd, CFO of Sitestar. Mr. Moore is the third member of the current Sitestar Board and would continue to be a member of the Sitestar Board under the Moore preliminary proxy materials. Sitestar urges all of its stockholders to refrain from taking any action, including returning any proxy card sent by Moore, until they have reviewed the recommendation of Sitestar's Board of Directors that will be included in a proxy statement to be filed by the Company. Under federal securities laws Moore cannot solicit proxies from Sitestar stockholders until Moore provides stockholders with definitive proxy solicitation materials. The Sitestar Board intends to call for a special meeting of stockholders on March 12, 2015 to allow sufficient time for the December 31, 2014 fiscal year end financial statements to be completed and will pursue the course of action that the Board believes is in the best interests of the Company and all of its stockholders.
Sitestar Reports Third Quarter Results
EWorldWire - Sat Nov 18, 1:10PM CST
Sitestar Corporation (OTCBB: SYTE), a provider of residential and business Internet access and value-added computer services, today announced that Internet-related growth drove third quarter net income to double, and for EBITDA (earnings before interest, taxes, depreciation and amortization) and total revenue to nearly double compared to the same period last year, propelling the company to achieve profitability for the ninth consecutive quarter. Sitestar also continued to trim its current notes payable and negotiate more favorable rates and terms with its suppliers to achieve reduced expenses. In addition, the company increased its customer base through the acquisition of the assets of FIRST NET.
Sitestar Posts Strong Second Quarter Results
EWorldWire - Thu Aug 24, 5:10PM CDT
Sitestar Corporation (OTCBB: SYTE), a provider of residential and business Internet access and value-added computer services, today announced its financial results for the quarter ended June 30, 2006. Highlights included dramatically increased net income and earnings before interest, taxes, depreciation and amortization (EBITDA) and significantly reduced current notes payable. The company maintained its above industry-average retention rate for its Internet access customers and continued to pursue and qualify target ISPs for acquisition.
Sitestar Acquires First Net Internet Access Subscribers
EWorldWire - Fri Jul 07, 4:30PM CDT
Sitestar Corporation (OTCBB: SYTE), a provider of residential and business Internet access and value-added computer services, today announced that it has purchased the dial-up subscriber base of FIRST NET, an Ohio-based Internet Service Provider (ISP). The acquisition is the third this year for Sitestar, following quickly upon the heels of the company's recent purchases of Colorado's Prolynx and Canada's NetRover.
SiteStar Schedules Online Shareholder Meeting
EWorldWire - Wed May 24, 10:30AM CDT
Sitestar Corporation (OTCBB: SYTE), a provider of residential and business Internet access and value-added computer services, today announced that it will conduct an online discussion to review the company's 2005 financial results at 8:30 p.m. EST on Tuesday, May 30, 2006. Shareholders, potential investors, media firms, analysts and other interested parties are encouraged to participate.
Sitestar Announced First Quarter Financial Results
EWorldWire - Wed May 17, 10:30AM CDT
Sitestar Corporation (OTCBB: SYTE), a provider of residential and business Internet access and value-added computer services, today announced results of operations for the quarter ended March 31, 2006, highlighted by an increase of $115,615 in net income or 160.4 percent from the same period in 2005. Similarly, EBITDA (earnings before interest, taxes, depreciation and amortization) improved $264,653 or 119.1 percent compared to the same period a year ago. In addition, Sitestar acquired and integrated the assets and customer lists of two Internet Service Providers (ISPs).
Sitestar Corporation Reports Record End Of Year Results
EWorldWire - Fri Mar 31, 8:10AM CST
Sitestar Corporation (OTCBB: SYTE), a provider of residential and business Internet access and value-added computer services, today announced record earnings for its annual results of operations ended December 31, 2005, highlighted by a net income of $640,114, resulting in an increase of $557,194 or 671.97 percent from the same period in 2004. In addition, EBITDA (earnings before interest, taxes, depreciation and amortization) surged to $1,419,317 for the year ended December 31, 2005 for an increase of $645,669 or 83.35 percent compared to the same period a year ago. The company attributes these gains to the growth of its Internet division, low customer attrition and parsimonious operational efficiencies. End of year income per share was $0.01 for the year ended December 31, 2005 compared to $0.00 for the same period in 2004.
Sitestar Subsidary Wins Best Internet Provider
EWorldWire - Tue Mar 21, 3:40PM CST
Sitestar Corporation (OTCBB: SYTE), a provider of residential and business Internet access and value-added computer services, today announced that its Lynchburg.Net subsidiary won First Place in the Best Internet Provider category in the News & Advance "Reader's Choice 2006 Best of the Lynchburg Area" award. Sitestar's computer division, Computers by Design, also won First Place in the Best Computer Store category.
Sitestar Anticipates Record Earnings For 2005
EWorldWire - Wed Mar 01, 1:30PM CST
Sitestar Corporation (OTCBB: SYTE), a provider of residential and business Internet access and value-added computer services, today announced that it expects to report record earnings based upon its preliminary and unaudited financial results. The company forecasts an increase in annual gross revenue stimulated by the dynamic growth of its Internet division. Similarly, Sitestar anticipates a sharp increase in EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) for the fiscal year compared to same period a year ago.
Sitestar Announces a Settlement With the Jeffrey Moore Shareholder Group
Marketwired - Wed Feb 11, 12:40PM CST
Sitestar Corporation (OTCQB: SYTE) ("Sitestar" or the "Company"
today announced that it has agreed to a settlement with the Jeffrey Moore Shareholder Group. As part of the settlement, the following individuals have been appointed as directors to the company: Roger Malouf, Steven Kiel, and Jeremy Gold. These three new directors join current directors Frank Erhartic, Daniel Judd, and Jeffrey Moore. Sitestar Comments on Moore's Attempt to Remove a Majority of the Members of the Sitestar Board of Directors
Marketwired - Wed Jan 21, 2:37PM CST
Sitestar Corporation (OTCQB: SYTE) ("Sitestar" or the "Company"
today issued the following statement regarding the filing by the Moore Shareholder Group ("Moore" of definitive proxy materials with the Securities and Exchange Commission ("SEC" in order to solicit proxies to call a Special Meeting of Sitestar's stockholders on February 12, 2015 in New Canaan, Connecticut. The purpose of the meeting is to elect nine nominees to the Sitestar Board to replace the majority of the current Board; Frank R. Erhartic, Jr., President and CEO of Sitestar; and Daniel Judd, CFO of Sitestar. Mr. Moore is the third member of the current Sitestar Board and would continue to be a member of the Sitestar Board under the Moore preliminary proxy materials. Sitestar urges all of its stockholders to refrain from taking any action, including returning any proxy card sent by Moore, until they have reviewed the recommendation of Sitestar's Board of Directors that will be included in a proxy statement to be filed by the Company. Under federal securities laws Moore cannot solicit proxies from Sitestar stockholders until Moore provides stockholders with definitive proxy solicitation materials. The Sitestar Board intends to call for a special meeting of stockholders on March 12, 2015 to allow sufficient time for the December 31, 2014 fiscal year end financial statements to be completed and will pursue the course of action that the Board believes is in the best interests of the Company and all of its stockholders. Sitestar Reports Third Quarter Results
EWorldWire - Sat Nov 18, 1:10PM CST
Sitestar Corporation (OTCBB: SYTE), a provider of residential and business Internet access and value-added computer services, today announced that Internet-related growth drove third quarter net income to double, and for EBITDA (earnings before interest, taxes, depreciation and amortization) and total revenue to nearly double compared to the same period last year, propelling the company to achieve profitability for the ninth consecutive quarter. Sitestar also continued to trim its current notes payable and negotiate more favorable rates and terms with its suppliers to achieve reduced expenses. In addition, the company increased its customer base through the acquisition of the assets of FIRST NET.
Sitestar Posts Strong Second Quarter Results
EWorldWire - Thu Aug 24, 5:10PM CDT
Sitestar Corporation (OTCBB: SYTE), a provider of residential and business Internet access and value-added computer services, today announced its financial results for the quarter ended June 30, 2006. Highlights included dramatically increased net income and earnings before interest, taxes, depreciation and amortization (EBITDA) and significantly reduced current notes payable. The company maintained its above industry-average retention rate for its Internet access customers and continued to pursue and qualify target ISPs for acquisition.
Sitestar Acquires First Net Internet Access Subscribers
EWorldWire - Fri Jul 07, 4:30PM CDT
Sitestar Corporation (OTCBB: SYTE), a provider of residential and business Internet access and value-added computer services, today announced that it has purchased the dial-up subscriber base of FIRST NET, an Ohio-based Internet Service Provider (ISP). The acquisition is the third this year for Sitestar, following quickly upon the heels of the company's recent purchases of Colorado's Prolynx and Canada's NetRover.
SiteStar Schedules Online Shareholder Meeting
EWorldWire - Wed May 24, 10:30AM CDT
Sitestar Corporation (OTCBB: SYTE), a provider of residential and business Internet access and value-added computer services, today announced that it will conduct an online discussion to review the company's 2005 financial results at 8:30 p.m. EST on Tuesday, May 30, 2006. Shareholders, potential investors, media firms, analysts and other interested parties are encouraged to participate.
Sitestar Announced First Quarter Financial Results
EWorldWire - Wed May 17, 10:30AM CDT
Sitestar Corporation (OTCBB: SYTE), a provider of residential and business Internet access and value-added computer services, today announced results of operations for the quarter ended March 31, 2006, highlighted by an increase of $115,615 in net income or 160.4 percent from the same period in 2005. Similarly, EBITDA (earnings before interest, taxes, depreciation and amortization) improved $264,653 or 119.1 percent compared to the same period a year ago. In addition, Sitestar acquired and integrated the assets and customer lists of two Internet Service Providers (ISPs).
Sitestar Corporation Reports Record End Of Year Results
EWorldWire - Fri Mar 31, 8:10AM CST
Sitestar Corporation (OTCBB: SYTE), a provider of residential and business Internet access and value-added computer services, today announced record earnings for its annual results of operations ended December 31, 2005, highlighted by a net income of $640,114, resulting in an increase of $557,194 or 671.97 percent from the same period in 2004. In addition, EBITDA (earnings before interest, taxes, depreciation and amortization) surged to $1,419,317 for the year ended December 31, 2005 for an increase of $645,669 or 83.35 percent compared to the same period a year ago. The company attributes these gains to the growth of its Internet division, low customer attrition and parsimonious operational efficiencies. End of year income per share was $0.01 for the year ended December 31, 2005 compared to $0.00 for the same period in 2004.
Sitestar Subsidary Wins Best Internet Provider
EWorldWire - Tue Mar 21, 3:40PM CST
Sitestar Corporation (OTCBB: SYTE), a provider of residential and business Internet access and value-added computer services, today announced that its Lynchburg.Net subsidiary won First Place in the Best Internet Provider category in the News & Advance "Reader's Choice 2006 Best of the Lynchburg Area" award. Sitestar's computer division, Computers by Design, also won First Place in the Best Computer Store category.
Sitestar Anticipates Record Earnings For 2005
EWorldWire - Wed Mar 01, 1:30PM CST
Sitestar Corporation (OTCBB: SYTE), a provider of residential and business Internet access and value-added computer services, today announced that it expects to report record earnings based upon its preliminary and unaudited financial results. The company forecasts an increase in annual gross revenue stimulated by the dynamic growth of its Internet division. Similarly, Sitestar anticipates a sharp increase in EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) for the fiscal year compared to same period a year ago.
