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
"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.
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
SOURCE Overstock.com, Inc.
media, Kirstie Burden,
investors, Kevin Moon,
of The Landmark Sports Agency, LLC,
for Carlos Boozer
Web site: http://www.overstock.com