Overstock.com Launches Real Estate Search

Tue Jun 10, 2008 9:01am EDT

* Reuters is not responsible for the content in this press release.

New Site Helps Customers Find Deals

SALT LAKE CITY, June 10 /PRNewswire-FirstCall/ -- Overstock.com, Inc.
(Nasdaq: OSTK) today announced the official debut of its real estate search
application: http://realestate.overstock.com.  The site is unique in that,
through the O-Hot Value Indicator, it helps shoppers identify great deals from
more than three million classified, foreclosure, and hard-to-find auction
homes for sale.
    The O-Hot Value Indicator is a unique tool that helps a customer find the
best values in a chosen neighborhood.  The O-Hot Value Indicator ranks each
home's value relative to others in its vicinity.  The site automatically
highlights auction, distressed, and foreclosed properties, which potentially
offer great value to Overstock.com's customers.
    "Consistent with Overstock.com's relentless commitment to deliver high
value to customers, Overstock.com Real Estate is helping customers efficiently
browse millions of properties to find deals in their area of interest," said
Patrick Byrne, Overstock.com chairman and chief executive officer.  "Our site
gives Overstock.com customers information from real estate auctioneers and
brokers with direct access and local expertise.  This allows us to offer just
what our customers have come to expect: great value and wonderful service."
    "With home prices falling, unit sales slowing and foreclosure and auction
properties in abundance, home shoppers have an opportunity to find their dream
home or their next real estate investment," said Bill Floor, Overstock.com
real estate director.  "Overstock.com's new real estate search application
allows the value conscious Overstock.com customer to find great real estate
    For more information:  To experience Overstock.com's new real estate
search application, click here: http://realestate.overstock.com.  If you are
interested in reaching the many millions of value-conscious customers who
visit Overstock.com every month with a product or service, please email 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
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 helping shoppers find great deals,
the ability of the search application to provide the access indicated,
including identification of the greatest value products and high levels of
service, the ability of the O-Hot Value Indicator to perform as represented,
and the number of properties listed on the site. 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 forward-looking statements.
SOURCE  Overstock.com, Inc.

Media, Kirstie Burden, +1-801-947-3116, kburden@overstock.com, or Investors,
Kevin Moon, +1-801-947-3282, kmoon@overstock.com, both of Overstock.com, Inc.
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