NEWS RELEASE
-------------------------
Sitestar Corporation
16133 Ventura Blvd., Suite 635
Encino, California 91436
(818) 981-4519 Telephone
(818) 981-2658 Facsimile
http://www.sitestar.com
August 29, 2000
FOR IMMEDIATE RELEASE
FOR FURTHER INFORMATION
PLEASE CONTACT CLINTON J. SALLEE (818) 981-4519 [email protected]
SITESTAR TO PROCEED WITH TENDER OFFER FOR MOTHERNATURE.COM AT $0.75 PER SHARE
Encino, CA - Tuesday, August 29, 2000-- /Business Wire/ Sitestar
Corporation (OTC BB: SYTE), an Internet holding company, today announced that it
will proceed with its proposed tender offer to acquire all of the outstanding
shares of Mothernature.com (NASDAQ: MTHR) for $0.75 per share.
About Sitestar Corporation
Sitestar Corporation is a diversified Internet holding company that
participates, through its wholly owned web-based subsidiaries, in emerging
segments of the Internet such as e-commerce, value-added content, ISP and
Portal/Community.
Sitestar's wholly-owned subsidiaries include Neocom Microspecialists,
Sitestar.net, Soccersite.com, Greattools.com and Holland-American.com and has a
minority equity investment in Qliq-On Corporation. Sitestar corporate
headquarters is located at 16133 Ventura Blvd., Suite 635, Encino, CA 91436.
Telephone (818) 981-4519 and Facsimile (818) 981-2658. Additional information is
available on the company's Web site at http://www.sitestar.com.
This press release is a pre-commencement written communication under
Rule 14(d)-2 of the Securities Act of 1934 and Sitestar will shortly file a
tender offer statement with the Securities and Exchange Commission. Once filed,
investors can obtain a copy of the tender offer statement and other filed
documents for free at the Securities and Exchange Commission's web site
www.sec.gov.
Statements regarding financial matters in this press release other than
historical facts are "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of
1934 and as that term is defined in the Private Securities Litigation Reform Act
of 1995. The company intends that such statements about the company's future
expectations, including future revenues and earnings, the anticipated stock
dividends and all other forward-looking statements be subject to the safe
harbors created thereby. Since these statements (future operational results and
sales) involve risks and uncertainties and are subject to change at any time,
the company's actual results may differ materially from expected results.
-30-
