- Overstock.com Offers Gift Cards for Valentine`s Day in Nearly 7,000 Grocery Stores

Overstock.com gift cards now available at thousands of stores nationwide

SALT LAKE CITY, Jan. 23 -- Overstock.com, Inc. (Nasdaq: OSTK) announced today that Valentine`s Day shoppers can now find Overstock.com gift cards in over 7,000 grocery stores nationwide and eCertificates at over 10,000 Coinstar Centers(R) from coast-to-coast. A list of store locations offering Overstock.com gift cards is available at: http://www.overstock.com/gift-cards/gift-card-information.html. Overstock.com gift cards are also available online through Overstock.com at www.overstock.com/gift-cards.html.

"Shopping for the right gift on Valentine`s Day can be tricky," said Patrick Byrne, Overstock.com chairman and CEO. "With our gift cards now available in stores nationwide, Overstock makes Valentine`s shopping easy, convenient and affordable."

In addition to placing gift cards in over 7,000 grocery stores and markets throughout the U.S., Overstock.com has teamed with Coinstar to provide free coin counting at select Coinstar Center locations when users opt to exchange their coins for an Overstock.com eCertificate.

"In today`s economy people appreciate the value of change more than ever and with the Coinstar option, it`s easy to turn your loose change into something meaningful at Overstock.com," Byrne added.

Valentine`s Day shoppers will find over 600,000 products available through Overstock.com priced up to 57 percent off retail value; including a wide range of high-end, name-brand apparel, shoes and designer handbags, as well as consumer electronics, jewelry, books, music, movies and games - with a shipping rate of only $2.95. Shoppers are able to purchase Overstock.com gifts cards both in stores and online any time of the year.

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 liquidation 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 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 the number and names of the locations where the company`s gift cards are available, the trickiness of shopping for loved ones, the number of products on the company`s site and the percentage of discounts for those products. Our Form 10-K for the year ended December 31, 2007, our subsequent quarterly reports on Form 10-Q, 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.

CONTACT:
Media, Josh Austin
+1-801-947-4364
joaustin@overstock.com

or

Investors
Kevin Moon
+1-801-947-3282
kmoon@overstock.com

both of Overstock.com, Inc.