Sitestar Chooses New Firm to Audit Financial Statements
24 April 2010 - 8:11AM
Marketwired
Sitestar Corporation (OTCBB: SYTE), a holding company for
technology related businesses, announced that is has chosen a new
CPA firm to provide auditing services for the year ended December
31, 2009. This new firm, Santora CPA Group, has been engaged to
perform the audit and the company intends to have it completed in
time to file its 10-K by May 14, 2010.
"After the previous certifying accountants, Bagell, Josephs,
Levine & Company, ceased operations, we decided to go with the
firm with whom the partners combined because we were to get a
larger firm with new staff to look at our books," said Frank R.
Erhartic, Jr., CEO of Sitestar. "Unfortunately circumstances
prevented the swift execution of the audit and deadlines slipped.
As we became confident we weren't going to meet our April 15th
deadline, we decided to discontinue our relationship with this firm
and find another one."
"After careful consideration, we choose Santora CPA Group to be
our independent accounting firm," said Erhartic. "We believe that
they will provide us with more timely and accurate audits of our
financial statements. This is most important to us."
"We are excited to welcome Sitestar as one of our valued clients
and will use our company's resources to facilitate their filing
requirements," said Ciro Adams, a Director with Santora CPA Group.
"Sitestar is a valued addition to our clientele and we welcome them
to our firm and look forward to a long lasting relationship."
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements that are
based on management's expectations, estimates, projections and
assumptions. The Company assumes no obligation except as required
by law to update the forward-looking statements contained in this
press release as a result of new information or future events or
developments. These forward-looking statements generally can be
identified by words such as "believes," "expects," "projects,"
"anticipates," "foresees," "forecasts," "estimates," "should" or
other words or phrases of similar import. Forward-looking
statements are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995, as amended. These
statements are not guarantees of future performance and involve
certain risks and uncertainties, which are difficult to predict.
Therefore, actual future results and trends may differ materially
from what is forecast in forward-looking statements due to a
variety of factors, including and without limitation, as found in
the Company's reports filed with the Securities and Exchange
Commission.
About Sitestar Sitestar is a holding
company for technology related businesses, including Internet
Service Providers (ISPs) and computer sales and services. Sitestar
offers consumer and business-grade Internet access, web hosting and
computer related services. Other services offered are wholesale
managed modem and call center services for downstream ISPs.
Headquartered in Lynchburg, Virginia, Sitestar maintains multiple
sites of operation and provides services to customers throughout
the U.S. and Canada. With a focus on competitive pricing,
reliability, service and speed, Sitestar delivers customer value.
For more information, visit www.sitestar.com.
Contact: Frank R. Erhartic, Jr. 434-239-4272 Email
Contact
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