O.co (a.k.a Overstock.com) Receives 2011 American Business Awards for Best Overall Company of the Year; CEO Dr. Patrick M. Byrne Wins 2011 Executive of the Year

SALT LAKE CITY, June 22, 2011 /PRNewswire/ -- O.co, also known as Overstock.com, Inc. (NASDAQ: OSTK), today announced that it won two 2011 American Business Awards in the following categories - Best Overall Company of the Year (Up to 2,500 Employees) and Executive of the Year (All Other Industries) for its CEO Dr. Patrick Byrne.

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O.co SVP of Customer Experience Stormy Simon was a finalist in the Customer Service Executive of the Year category and O.co was a finalist in the Customer Service Team of the Year. In March 2011, O.co was awarded two 2011 Stevie Awards in the following categories - Customer Service Department of the Year, Retail and Sales Department of the Year, All Other Industries.

"This is a great achievement for O.co," Byrne said. "I thank and applaud all my colleagues on this great achievement. Of course, these company awards begin with Stormy's work in building a world-class Customer Care operation, and Sam Peterson's work in a sourcing organization that brings the lowest prices online shoppers can find anywhere."

The 2011 American Business Awards attracted a record number of entries, with more than 2,800 entries from organizations of all types and sizes across the U.S.A. These entries were reviewed by 80 professionals in preliminary judging, and their average scores determined the Finalists. Stevie Award winners from March were selected from among the Finalists by the average scores of the members of 10 specialized final judging committees.

For more details about the American Business Awards, the selection process and the complete list of honorees and finalists in all categories, please visit www.stevieawards.com/aba/

In addition to recognition from the American Business Awards, O.co has received numerous other awards. It recently earned the #4 spot in customer service rankings among all U.S. retailers, according to rankings published in the 2011 NRF Foundation/American Express Customer Service. The industry groups Gartner and 1to1 awarded O.co the #1 in customer service ranking in 2008. Recently, Forbes reported that O.co was ranked #1 for employee satisfaction in the entire U.S. retail industry, and U.S. News reported that O.co is the 9th best place to work among all corporations in the United States.

About O.co (also known as Overstock.com)

O.co, also known as Overstock.com, is a Savings Engine 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.  O.co, 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 and http://www.o.co. O.co regularly posts information about the company and other related matters on its website under the heading "Investor Relations."  Overstock.com® is a registered trademark of Overstock.com, Inc. O.co™ and Savings Engine™ are trademarks of Overstock.com, Inc.

Overstock.com® is a registered trademark and O.co™ and Savings Engine™ 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. Our Form 10-K for the year ended December 31, 2010, 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.

SOURCE Overstock.com, Inc.