--Plans to Continue Monthly Sweepstakes Through December 2009SALT LAKE CITY, April 22, 2009 /PRNewswire-FirstCall via COMTEX/ -- Overstock.com, Inc. (Nasdaq: OSTK) announced today that Bonnie Willis of Benkelman, Nebraska has won the March 2009 $10,000 Family Bailout Sweepstakes. Overstock.com will pay the $10,000 directly to one or more of Willis' qualified creditors.
Willis lives with her husband and three daughters. She works as a cafeteria manager at a local school, and will use at least some of the money to pay medical bills.
Overstock.com Chairman and CEO Patrick Byrne said, "With such a great response from our March $10,000 Family Bailout Sweepstakes, we wanted to continue to try to help during the months ahead. We plan to continue this $10,000 sweepstakes every month through December of 2009."
Approximately 250,000 people entered the March sweepstakes. Willis was selected as the winner according to contest rules. No purchase is necessary for eligibility. To enter go to www.overstock.com/familybailout. Additionally, shoppers will have the choice to opt-in to the contest when purchasing items through Overstock.com.
"It's great that we can help out the Willis family," said Byrne. "They are hard-working Americans and we hope this $10,000 will give them a needed boost."
In January of this year Overstock.com created the Family Bailout plan in order to give Overstock.com visitors the chance to pay off their mortgage, credit cards, or other large debts.
"This money will give me and my family some much needed relief during these trying times," said Willis. "Thank you, 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 regularly posts information about the company and other related matters on its website under the heading "Investor Relations."
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 how the prize will be used, the number of months that the company will run this or similar sweepstakes, and the types of debts on which future winners may use sweepstakes proceeds. Our Form 10-K/A for the year ended December 31, 2008, 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.