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 products and services that the company provides include Internet access services; Web acceleration services; and Web hosting services. The company’s Internet division markets and sells narrow-band (dial-up and ISDN) and broadband services (DSL, 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. Real Estate: The real estate group invests in, refurbishes and markets real estate for resale. Business Strategy The company’s growth strategy is to expand its business by increasing its customer base, services and coverage area. The company uses marketing, acquisitions and partnerships to accomplish this. The company plans to increase the real estate holdings of distressed and foreclosed properties and refurbish as needed for marketability. These properties would then be presented to the market at or below conventional market value and sold for profit, providing a revenue stream for the future. Main elements of the company’s strategy include the following: increasing the dial-up customer base; increasing the broadband customer base; increasing the product offerings; strategic acquisitions; increasing the economies of scale; and increasing real estate holdings. Regulations The company provides its services through data transmissions over public telephone lines and other facilities provided by telecommunications companies. These transmissions are subject to regulation by the Federal Communications Commission (FCC), state public utility commissions and foreign governmental authorities. Competition The company competes with national Internet service providers, such as, AOL, MSN (Microsoft Network) and EarthLink; local, regional and national broadband cable providers, such as Comcast and Cox Communications; computer hardware and other technology companies that provide Internet connectivity with their own or other products, including IBM and Microsoft; national telecommunication providers, such as Verizon, AT&T and Qwest; providers of free or discount Internet service, including United Online’s and NetZero; and terrestrial wireless and satellite providers, such as Clearwire, and HughesNet. History Sitestar Corporation was founded in 1992.
sitestar corporation (SYTE:OTC BB)
7109 Timberlake Road
Lynchburg, VA 24502
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