OVERSTOCK.COM INTRODUCES INTERNATIONAL SHIPPING TO 35 COUNTRIES
SALT LAKE CITY, UT-May 20, 2003-Leading Internet retailer Overstock.com, Inc. (Nasdaq: OSTK) now ships to 35 countries, including Canada, Mexico and most of Western Europe, the company announced today.
"Consumers outside the U.S. can now enjoy Overstock.com`s deep discounts, as well as our secure shopping, reliable shipping and committed customer service," said Patrick Byrne, CEO of Overstock.comŽ. "For us, this is a first step toward building an international brand."
Overstock.com specializes in selling first-quality merchandise at deep discounts across a broad range of categories including apparel, home and garden, electronics, sporting goods, gifts, toys, and jewelry. Worldwide shipping is provided through an arrangement with DoUWantIt.com (Comerxia), a global e-commerce enabler financially backed by the United Parcel Service (UPS) Strategic Enterprise Fund.
International customers wanting to purchase products from Overstock.com can simply go to www.overstock.com, make their selections, and proceed to International Checkout. Customers will automatically receive all-inclusive, guaranteed price quotes for shipping to the selected international destination each time a purchase is made on Overstock.com.
About Overstock.com
Overstock.com, Inc. is an online "closeout" retailer offering discount, brand-name merchandise for sale over the Internet. The company offers its customers an opportunity to shop for bargains conveniently, while offering its suppliers an alternative inventory liquidation distribution channel. Overstock.com is a publicly traded company listed on the NASDAQ National Market System, headquartered in Salt Lake City, and can be found online at www.overstock.com. Overstock.com is a registered trademark of Overstock.com, Inc.
Editor`s Note: A current list of countries served is available at http://www.overstock.com/press_home.html.
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 discounts on products and the company`s intentions to build an international brand. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, but not limited to, our limited operating history, our ability to manage growth, a general downturn in economic conditions, and such other risks as identified in our Prospectus dated May 29, 2002, filed with the Securities and Exchange Commission and all subsequent filings with the Securities and Exchange Commission, including our Form 10- K for the year ended December 31, 2002, and our Prospectus dated February 12, 2003, which contain and identify important factors that could cause the actual results to differ materially from those contained in our projections or forward-looking statements.
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