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                                                                    EXHIBIT 99.1

                             SITE TECHNOLOGIES, INC.

                       ANNOUNCES LIQUIDATING DISTRIBUTION

         September 24, 2001 - Site Technologies, Inc. (the "Company") (ticker
symbol: STCHQ) today announced that it will make a partial liquidating
distribution totaling $5,280,158 or $0.62 for every outstanding share of its
Common Stock (the "Distribution"). The Distribution will be made to all
shareholders of record as of the close of business on August 14, 2000 (the
"Record Date").

         Pursuant to the Company's First Amended Plan of Reorganization under
Chapter 11 of the United States Bankruptcy Code (the "Plan"), effective as of
the close of business on the Record Date, the Company's Common Stock no longer
represents an ownership interest in the Company and only represents the right to
receive a pro rata share of the Distribution and any subsequent distribution(s),
if any. Accordingly the Company's Common Stock is no longer transferable on the
Company's books. Pursuant to the Plan, after payment of all administrative
costs, the Company's remaining funds, if any will be distributed to the
shareholders of record as of the Record Date.