SALT LAKE CITY, Feb 28, 2005 -- Overstock.com(R) (Nasdaq: OSTK) (www.overstock.com), the popular online discount retailer, will be offering $1 shipping on all orders placed during the month of March. Overstock.com normally charges $2.95 per order for shipping.
The discounted shipping price will be honored on all products, including books, DVDs and CDs, and also on large items such as beds and big screen TVs. The offer will not include travel and auction items.
According to Overstock.com President Patrick Byrne, "The $1 special shipping fee is our way of showing our customers how much we appreciate their business."
Club O(TM) members will receive free shipping during March. Club O memberships cost $29.95 a year. Membership benefits include 5 percent savings on Overstock.com purchases, $1 shipping on all orders all the time, $10 credit for every Club O membership referral, and access to special Club O customer service agents.
About Overstock
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, Inc., headquartered in Salt Lake City, is a publicly traded company listed on the Nasdaq National Market System and can be found online at www.overstock.com.
Overstock.com(R) is a registered trademark and Overstock.com Auctions(TM) and Club O are trademarks 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 extent of the reduction in shipping cost and duration of the promotion, and such other risks as identified in our Form 10-K for the year ended December 31, 2003, and all our subsequent filings with the Securities and Exchange Commission, 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.
CONTACTS:
Media:
Scott Blevins
Overstock.com, Inc.
+1-801-947-3133
sblevins@overstock.com
Investors
Kathryn Huang Hadley
Overstock.com, Inc.
+1-801-947-3282
khuang@overstock.com
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