Overstock.com Announces Filing of Form 12b-25

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

Mon Nov 9, 2009 6:14pm EST

SALT LAKE CITY, Nov. 9 /PRNewswire-FirstCall/ -- Overstock.com, Inc. (Nasdaq:
OSTK) announced today that it has filed a Form 12b-25 (Notification of Late
Filing) with the Securities and Exchange Commission with respect to its
Quarterly Report on Form 10-Q for the quarter ended September 30, 2009. The
Company intends to file its Form 10-Q within the 5-day extension period
afforded by SEC Rule 12b-25.

The Company is continuing to analyze the proper accounting treatment for
$785,000 the Company received during the first quarter of 2009 as repayment
under a new agreement with a vendor for amounts the Company overpaid to the
vendor in 2008 and early 2009.  The Company believes the amount is properly
recognizable in the first quarter of 2009, when the cash was received. 
However, the Company is continuing to review the issue, and may ultimately
conclude that the amount should have been recognized in 2008.

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." 

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 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.  Our Form 10-K/A for the year ended December 31, 2008,
our subsequent quarterly reports on Form 10-Q for the quarters ended March 31,
2009 and June 30, 2009, 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 any of our projections, estimates or forward-looking statements. 



SOURCE  Overstock.com, Inc.

Roger Johnson, +1-801-947-4430, or Investors, Kevin Moon, +1-801-947-3282,
both of Overstock.com, Inc.
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.