Sitestar Corporation Commits Additional Capital to HVAC Roll-Up

Sitestar Corporation's Board of Directors authorized an additional $1,000,000 capital contribution to HVAC Value Fund, with $500,000 contributed as of October 1, 2016. The remaining funds will be deployed as needed for further acquisitions.

“On September 8, 2016, the Board of Directors of the Company authorized the Company to accelerate its existing commitment under the LLC Agreement to make an additional capital contribution to the HVAC Fund in the amount of $1,000,000 (the "Additional Commitment Amount"), and, accordingly, as of October 1, 2016, the Company has contributed $500,000 of such Additional Commitment Amount to HVAC Value Fund.”

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