okorieemmanuel, it is true site is down for some time, but I do not know if owner post anything about this, and there is no other way to contact him. They may have some bigger problem to solve, or they simply disappeared with money which is a very popular way nowadays for the exit strategy.
What I can tell you that this domain is "was recently registered at Namecheap", so maybe they will use their hosting. It remains to be seen what this is really about, just problems or one more scam.
http://www.bitsvisit.com/