SALT LAKE CITY, UT, Nov 01, 2007 (MARKET WIRE via COMTEX News Network) -- Patrick Byrne, Chairman and CEO of Overstock.com, Inc. (NASDAQ:
OSTK), said the following in response to the NAACP's criticism this
"Recently, video-taped comments I made in a school voucher debate
setting were edited and posted online. Subsequently, some journalists
erroneously claimed that I dismissed these statements as having been
taken out of context. This assertion is false. In fact, my claim is
far stronger: the clip is a lie, because it inverted what I actually
said, which is far worse than simply being 'taken out of context'.
"The NAACP is not, by its nature, a research organization, so their
having misconstrued the situation is regrettable but understandable.
However, it was irresponsible for journalists to take these claims at
face value. It is hard to believe, but shoddy reporting still manages
to disappoint me.
"Because reverberations of the original reporting continue to be
felt, and because essentially all who learn the facts are,
thankfully, offering me their overwhelming support, I thought it
might interest a wider audience to see the complete statement for
which I was attacked: http://www.youtube.com/watch?v=4tpVnenIpSU.
"Another recent print report further clarifies my record on race and
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
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