|View printer-friendly version|
|Overstock.com Launches Real Estate Search|
New Site Helps Customers Find Deals
SALT LAKE CITY, June 10 /PRNewswire-FirstCall/ -- Overstock.com, Inc. (Nasdaq: OSTK) today announced the official debut of its real estate search application: http://realestate.overstock.com. The site is unique in that, through the O-Hot Value Indicator, it helps shoppers identify great deals from more than three million classified, foreclosure, and hard-to-find auction homes for sale.
The O-Hot Value Indicator is a unique tool that helps a customer find the best values in a chosen neighborhood. The O-Hot Value Indicator ranks each home's value relative to others in its vicinity. The site automatically highlights auction, distressed, and foreclosed properties, which potentially offer great value to Overstock.com's customers.
"Consistent with Overstock.com's relentless commitment to deliver high value to customers, Overstock.com Real Estate is helping customers efficiently browse millions of properties to find deals in their area of interest," said Patrick Byrne, Overstock.com chairman and chief executive officer. "Our site gives Overstock.com customers information from real estate auctioneers and brokers with direct access and local expertise. This allows us to offer just what our customers have come to expect: great value and wonderful service."
"With home prices falling, unit sales slowing and foreclosure and auction properties in abundance, home shoppers have an opportunity to find their dream home or their next real estate investment," said Bill Floor, Overstock.com real estate director. "Overstock.com's new real estate search application allows the value conscious Overstock.com customer to find great real estate deals."
For more information: To experience Overstock.com's new real estate search application, click here: http://realestate.overstock.com. If you are interested in reaching the many millions of value-conscious customers who visit Overstock.com every month with a product or service, please email us: email@example.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 helping shoppers find great deals, the ability of the search application to provide the access indicated, including identification of the greatest value products and high levels of service, the ability of the O-Hot Value Indicator to perform as represented, and the number of properties listed on the site. 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.