LYNCHBURG, VA–(Marketwired – December 15, 2015) – Sitestar Corporation (SYTE) (“Sitestar” or the “Company”) a provider of consumer and business-grade Internet access, wholesale managed modem services for downstream ISPs and Web hosting and value-added products and service, and real estate investment entity today announced the following:
On December 14, 2015, the Company’s board of directors terminated Frank Erhartic for cause from his position as president and CEO of the company effective immediately. Mr. Erhartic also agreed to resign his position as a director of the Company effective immediately.
The board has appointed Steven L. Kiel as interim president and CEO.
The board has further agreed to engage legal counsel to lead an investigation to determine the appropriateness, scope, and…
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