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Overstock.com Enhances Website With Advanced Search Technology

SALT LAKE CITY, Sep 24, 2003 /PRNewswire-FirstCall via COMTEX/ --

Internet retailer Overstock.com(R) (Nasdaq: OSTK) today announced that it has added new cutting-edge search technology to its website, making it easier for customers to sort through the 350,000 products listed on Overstock.com.

The new search engine now powering Overstock.com was developed in collaboration with EasyAsk to address the unusual requirements of discount shoppers searching across hundreds of thousands of products with specific requirements in mind. Overstock.com customers may now more easily search by products, brands, price ranges, and other criteria, using complex phrases or natural-language queries, such as "find women's shirts between $50 and $100."

Once a search query is submitted, search results are presented to the customer within milliseconds, sorted by product category and relevancy. Shoppers can then drill down on search results to quickly find what they're looking for.

"We're always looking for ways to enhance our customers' shopping experience," said Patrick Byrne, president and CEO of Overstock.com. "I think our customers will find our new search capability to be quicker, easier and more intuitive to use, and they'll get much more relevant results. Our bargains will be that much easier to find."

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 is a publicly traded company listed on the NASDAQ National Market System, headquartered in Salt Lake City, and can be found online at www.overstock.com. Overstock.com 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 ease of using new search capabilities, the improvements in search results, including the response time and results, our customers' response to the new search capabilities, and the number of products on our website. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, but not limited to, our limited operating history, our ability to manage growth, a general downturn in economic conditions, and such other risks as identified in our Prospectus dated May 29, 2002, filed with the Securities and Exchange Commission and all subsequent filings with the Securities and Exchange Commission, including our Form 10-K for the year ended December 31, 2002, and our Prospectus dated February 12, 2003, which contain and identify important factors that could cause the actual results to differ materially from those contained in our projections or forward-looking statements.

SOURCE Overstock.com, Inc.

Scott Blevins of Overstock.com, Inc., +1-801-947-3133,
sblevins@overstock.com
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