Overstock.com Investor

Press Release

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February 27, 2008 at 9:04 AM EST
Overstock Switches to Free Shipping to All Club O Members!

SALT LAKE CITY, Feb. 27 /PRNewswire-FirstCall/ -- Overstock.com, Inc. (Nasdaq: OSTK) announced today that members of its group, Club O, will now enjoy the benefit of free shipping in the continental United States. The free shipping is extended to all items on Overstock.com Shopping excluding books, movies, music and games. Previously, shipping cost $1 per order for Club O members. Club O members' discount of 5% will not be affected.

"Allowing Club O members to have free shipping is a way for us to reward these loyal customers for their business. Considering the frequency with which Club O members make purchases, this elimination of shipping fees is going to add up to a lot of savings," said Patrick Byrne, Overstock.com Chairman and CEO.

In addition to free shipping, Club O members save 5% off of the site price, are offered special promotions, and have access to their own set of customer care representatives. A yearly membership to Club O costs $29.95. Further details can be found at: http://www.overstock.com/club-o.html?TRACK=WF_G1_L1

About Overstock.com

Overstock.com, Inc. is an online "closeout" retailer offering discount, brand-name merchandise for sale over the Internet. The company offers its customers an opportunity to shop for bargains conveniently, while offering its suppliers an alternative inventory liquidation distribution channel. Overstock.com, headquartered in Salt Lake City, is a publicly traded company listed on the NASDAQ Global Market System and can be found online at http://www.overstock.com.

Overstock.com(R) is a registered trademark and Club O is a trademark of Overstock.com, Inc.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include, but are not limited to, statements regarding the expected amount of savings to Club O members. Our Form 10-K for the year ended December 31, 2006, our subsequent quarterly reports on Form 10-Q, and our other subsequent filings with the Securities and Exchange Commission identify important factors that could cause our actual results to differ materially from those contained in our projections, estimates or forward-looking statements.

SOURCE Overstock.com, Inc.

CONTACT:
media, Kirstie Burden,
+1-801-947-3172,
kburden@overstock.com,
or
investors, Kevin Moon,
+1-801-947-3282,
kmoon@overstock.com,
both of Overstock.com, Inc.

Web site: http://www.overstock.com