SALT LAKE CITY, Dec. 8 /PRNewswire-FirstCall/ -- Overstock.com, Inc.
(Nasdaq: OSTK) announced today that its new shelf registration statement on
Form S-3 has been declared effective by the Securities and Exchange
The registration statement replaces the Company's existing shelf
registration statement, which would have expired later this year. The
registration allows the Company to offer its securities covered by the
registration statement from time to time over the next three years for
aggregate proceeds of up to $500 million. The terms of any future offering
under the shelf registration statement will be established at the time of the
Jonathan E. Johnson, President, stated that "Under the SEC's rules, our
prior shelf registration statement would have expired in the near future.
Overstock has no current plans to raise additional capital, but we believe
that it is prudent to have a shelf registration statement in place."
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of any securities
in any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such jurisdiction. Any offering may be made only by means of the
prospectus and a related prospectus supplement.
Overstock.com, Inc. is an online retailer offering brand-name merchandise
at discount prices. The company offers its customers an opportunity to shop
for bargains conveniently, while offering its suppliers an alternative
inventory 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 of Overstock.com, Inc. All
other trademarks are the property of their respective owners.
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, including all statements other than
statements of historical fact. Our Form 10-K for the year ended December 31,
2007, our subsequent quarterly reports on Form 10-Q and Form 10-Q/A 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 other forward-looking
statements. The Company assumes no obligation to publicly update any such
forward-looking statements, whether as a result of new information, future
events or otherwise.
SOURCE Overstock.com, Inc.
Web site: http://www.overstock.com