Overstock.com Announces Launch Date of O.BIZ Website
Website to Go Live on October 31, 2009 SALT LAKE CITY, Sept. 14 /PRNewswire-FirstCall/ -- Overstock.com, Inc. (Nasdaq: OSTK) announced today that it is building a new website called O.BIZ where businesses and customers can buy bulk merchandise. O.BIZ will launch on October 31, 2009. The online retailer will be working with Neustar, the domain name registry for .BIZ, to launch the new site. (Logo: http://www.newscom.com/cgi-bin/prnh/20030520/LATU020LOGO-a) O.BIZ is designed to give small businesses and customers the opportunity to buy large quantities at deep discounts. O.BIZ will primarily focus on restaurant, office, and hotel products. The new site will have a similar look and feel to Overstock.com and will be supported by the award-winning Overstock.com customer support team. O.BIZ customers will be able to shop with confidence using the same technology as Overstock.com. "The .BIZ extension is appealing to growing, innovative businesses. Our goal is to have O.BIZ help small to medium-size businesses save money by leveraging the purchasing power of Overstock.com," said Overstock.com Chairman and CEO Patrick Byrne. Single-character domain names are very rare; there are only five such domain names worldwide. Domain names are especially appealing to companies that sell products or services to other businesses. "The simplicity of this domain name will help drive consumers to this new e-commerce destination for small to medium-sized businesses," said Tim Switzer, Neustar's vice president of Registry Services. "O.BIZ will increase the visibility of this new initiative for Overstock.com, and we look forward to its successful launch." 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 regularly posts information about the company and other related matters on its website under the heading "Investor Relations." About Neustar and Neustar Domain Registry Services Neustar (NYSE: NSR) provides market-leading and innovative services that enable trusted communication across networks, applications, and enterprises around the world. Neustar Domain Registry Services operates the global registry for .BIZ and .US; in addition, it provides back-end registry services for .tel and .travel, gateway services to country code top level domains, internationalized domain names (IDNs), and full registry services to new top level domains. Neustar's registry is connected to over 250 domain name registrars worldwide. For more information, visit www.Neustar.biz and www.Neustarregistry.biz. Overstock.com(R) is a registered trademark of Overstock.com, Inc. All other trademarks are the property of their respective owners. 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 launch dates, sales prospects for the new site, the appeal of single letter domain names to consumers, and the ability of such names to drive website traffic. 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. Media, Roger Johnson, +1-801-947-4430, email@example.com, or Investors, Kevin Moon, +1-801-947-3282, firstname.lastname@example.org, both of Overstock.com, Inc.