Overstock.com Announces New Utah County Software Development Center

To employ 150 full-time technologists at Provo location

Dec 09, 2010, 16:15 ET from Overstock.com, Inc.

SALT LAKE CITY, Dec. 9, 2010 /PRNewswire/ -- Overstock.com, Inc. (Nasdaq: OSTK) today announced that in early 2011 the company will open a Software Development Center in Utah County. The company expects the center will employ 150 technologists, 100 of which it expects to bring aboard within 12 months. Overstock.com is directing interested applicants to www.overstock.com/javajobs for more information about these new jobs.

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"We are expanding our tech presence in Utah and actively recruiting," said Overstock.com President Jonathan Johnson. "We have more innovation in the pipeline than we have developers. Utah is home to many incredible technologists, and this new office gives us access to more of them. Overstock.com is pleased with the incentives that the Governor's Office of Economic Development and the City of Provo offered because it made a difference in our ability to continue to grow our business in Utah by opening this new facility."

In addition, Overstock.com will pay $5,000 to individuals referring qualified software developers which the company hires. Qualified developers must speak Java fluently, possess a degree in Computer Science, Math or Engineering, have at least two years of experience developing software, and stay employed at Overstock.com for at least 90 days. To learn more visit www.overstock.com/javajobs

In September 2010 the on-line retailer opened a new call center in Tooele, Utah that currently employs 150 people. Overstock.com also has three Salt Lake area facilities and currently employs over 1500 people in Utah.  

This month, Forbes Magazine named Overstock.com as the best retail employer to work for in the United States. Overstock.com became a publically traded company in 2002 and had revenue of over $876 million in 2009. The company received the Top Ten National Retail Federation/American Express award for Customer Service in 2006, 2007, 2008, 2009 and 2010.  

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 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, the timing of staffing of the facility, statements regarding the number, type and responsibilities of employees to be employed at the company's Provo location, the amount of the hiring referral bonus and the duration of the referral bonus program. 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.

SOURCE Overstock.com, Inc.



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