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Overstock.com Continues to Open Doors to More International Customers

Posted on: Wednesday, 18 November 2009, 11:06 CST

SALT LAKE CITY, Nov. 18 /PRNewswire-FirstCall/ -- Overstock.com, Inc. (Nasdaq: OSTK) announces the launch of international sales to customers in Mexico, China, Japan, South Korea, Taiwan, New Zealand and India. Overstock.com launched its international service in August 2008. This brings the total number of countries in which Overstock.com is selling products to 41. The site plans to increase that number to over 90 by the end of 2009.

The site geolocates international visitors and displays pricing in their local currency, automatically adjusted to daily fluctuations in exchange rates. International shoppers can now search, browse and purchase over 600,000 brand-name discount products from http://www.overstock.com.

"International markets are underserved by online retail," said Patrick Byrne, Overstock.com chairman and CEO. "The time has never been better for international customers to buy American goods, creating a great opportunity for us."

About 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 under the symbol: OSTK, 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® 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 whether online retail underservices international markets; the opportunity for the company's international sales, owning to a weak U.S. currency, the component operations of the international program on the company's site, statements regarding future international sales and a continued expansion of the company's international sales program. 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.

Source: PR Newswire

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