Overstock.com Announces Major Upgrades to Club O Customer Rewards Program

Overstock.com Announces Major Upgrades to Club O Customer Rewards Program

SALT LAKE CITY, July 1 -- Overstock.com, Inc. (NASDAQ:OSTK) today announced major upgrades and improvements to the company's Club O program. Club O is Overstock.com's customer rewards program providing members with valuable discounts and exclusive promotions. The upgrades to the program include earning five percent in reward dollars to be used towards future Overstock.com purchases, including gift cards at Overstock.com.  Now members can combine Club O Rewards Dollars with other Overstock.com coupon offers. They will also receive free shipping on orders over $25 made up exclusively of books, media, movies and games. To learn more visit http://www.overstock.com/club-o/19492/static.html?TID=D:FOOT_MOD_C .

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Members will have access to member-only invitations to product previews, exclusive sales and shopping events and direct access to the company's exclusive Club O Rewards Customer Care Team.

"Every one of these upgrades came as a direct result of Club O member feedback," said Overstock.com SVP of Marketing and Customer Care Stormy Simon. "The new program is designed to maximize savings, provide valuable perks and promote an even more exceptional service experience to these very important Club O customers."

Under the new program, Existing Club O members will immediately receive these program improvements and upgrades and newly interested customers can sign up for a one-year Club O membership for $19.95.

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® is a registered trademark and Club O(TM) is a trademark of Overstock.com, Inc.

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 type of special deals, promotions and products offered to Club O members. Our Form 10-K for the year ended December 31, 2009, 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.

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Source: Overstock.com, Inc.
   

CONTACT:  Roger Johnson, +1-801-947-4430, rojohnson@overstock.com, or
Investors, Kevin Moon, +1-801-947-3282, kmoon@overstock.com, both of
Overstock.com, Inc.

Web Site:  http://www.overstock.com/