Lynchburg, Virginia – May 23, 2006 – Sitestar Corporation (OTCBB: SYTE), a provider of residential and business Internet access and value-added computer services, announced today that it will conduct an online discussion to review the company’s 2005 financial results at 8:30 pm Eastern Time on Tuesday, May 30, 2006.  Shareholders, potential investors, media firms, analysts and other interested parties are encouraged to participate.

“2005 was a banner year for Sitestar and our shareholders as we effectively doubled the size of our customer base and increased revenue,” said Frank R. Erhartic, Jr., CEO for Sitestar.  “In 2006, we are already off to a strong start and expect to build significantly upon last year’s performance.  We look forward to summarizing our short and long-term goals and objectives with our investors as we continue to work diligently to produce shareholder value.” 

To participate, register for the event on the Sitestar corporate web site (http://www.sitestar.com).  Once registered, participants may suggest topics for discussion.  On the day of the event, registered parties will receive an email with instructions on how to join the online discussion.  An archive of the chat will be available upon request.

About Sitestar
Sitestar (http://www.sitestar.com) is an Internet and computer solutions provider that offers narrow and broadband Internet access, Web hosting and design, and other value-added services. The company's customers include residential and commercial accounts throughout the United States and Canada. With a focus on competitive pricing, reliability, service and speed, Sitestar delivers customer value. Sitestar is headquartered in Lynchburg, Va. Its wholly owned subsidiaries include Sitestar.net (http://www.sitestar.net), netROVER, Inc. (http://www.netrover.com), Prolynx (http://www.prolynx.com), SurfWithUs.Net (http://www.surfwithus.net), Lynchburg.net (http://www.lynchburg.net), Advanced Internet Services (http://www.advi.net), Computers by Design (http://www.computersbydesign.com) and CBD Toner Recharge (http://www.recharge.net).

Forward-Looking Statements
This report contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Stockholders are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, our ability to expand our customer base, make strategic acquisitions, general market conditions, and competition and pricing. Although we believe the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements contained in the report will prove to be accurate