Overstock.com Investor

Press Release

View printer-friendly version << Back
May 7, 2008 at 2:11 PM EDT
Overstock.com Teams Up With NBA All-Star Carlos Boozer

SALT LAKE CITY, May 7 /PRNewswire-FirstCall/ -- Utah Jazz All-Star Power Forward, Carlos Boozer, and on-line retailer, Overstock.com, Inc. (Nasdaq: OSTK) announced today that they have entered a four-year agreement that will remain active through April 2012 and includes Boozer making appearances on behalf of Overstock.com.

The collegiate and NBA basketball star and current U.S. Olympian, known for his affable personality, is also the co-founder, along with his wife, Cindy, of Boozer's Buddies, a non-profit organization that supports the research and treatment of Sickle Cell Anemia, and provides information and a support system for the families who are affected by it. Partnering with Boozer on his charitable initiatives furthers Overstock.com's longstanding record of funding charitable causes in Utah and throughout the nation. Other non-profit companies to which Overstock.com currently lends support to include the Girl Scouts, U.S. Armed Forces blood bank, Bringing Hope Foundation, and Operation Give.

"Carlos and Cindy share the same values and ideals as Overstock.com, and their commitment to these values is admirably demonstrated by their charitable organization. They are also both avid online shoppers, as they need to supply an 'overstocked' home with all the necessary products to raise three young boys. All of these factors make this relationship a great fit. It will highlight that Utah is home to Overstock.com, Carlos, and Boozer's Buddies. Together we can help a lot of people in the years to come," said Overstock.com chairman and CEO Patrick Byrne, who has been especially eager to further disease research since he cycled across the country in connection with the Pan Mass Challenge and helped raise record-breaking funds for cancer research.

"Overstock.com and Patrick Byrne have a track record of offering socially responsible products, and for reaching out to people who need help. I am really excited to work with such a great company. I look forward to building Overstock.com's presence in the product and consumer marketplace, and building awareness and support for Boozer's Buddies at the same time," said Boozer.

About Overstock.com

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.

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 continuation of the charitable partnership through April 2012, statements concerning future charitable activities, the company's future assistance in charitable causes, and services to be provided by Mr. Boozer. Our Form 10-K for the year ended December 31, 2007, our subsequent quarterly reports on Form 10-Q, or any amendments thereto, 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,
+1-801-947-3116,
kburden@overstock.com,
or
investors, Kevin Moon,
+1-801-947-3282,
kmoon@overstock.com,
both of
Overstock.com, Inc.;
or
Diana Day
of The Landmark Sports Agency, LLC,

+1-310-966-4101,
dday@landmarksports.com,
for Carlos Boozer

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