Overstock.com Files New Shelf Registration

Dec 09, 2011, 09:07 ET from Overstock.com, Inc.


SALT LAKE CITY, Dec. 9, 2011 /PRNewswire/ -- Overstock.com, Inc. (Nasdaq: OSTK) announced today that it has filed a new shelf registration statement with the Securities and Exchange Commission. After it becomes effective, the new registration statement would allow the Company to sell, from time to time, up to $200 million of its debt securities, common stock, warrants and other securities in one or more offerings. The terms of any offering under the shelf registration statement will be established at the time of any such offering.

"We have always felt it is prudent capital management to have a shelf registration in place when the option is available," said Jonathan Johnson, Overstock.com president.

The shelf registration statement has been filed but is not yet effective. Any securities offered by the Company under the shelf registration statement may not be sold, nor may offers to buy any securities be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offering may be made only by means of the prospectus and a related prospectus supplement.

About Overstock.com Overstock.com, is Your Savings Engine offering brand-name products. 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 and http://www.o.co. 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., O.co™ and Your Savings Engine™ are trademarks of Overstock.com, Inc., 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 all statements other than statements of historical fact. Our Annual Report on Form 10-K for the year ended December 31, 2010 as filed with the SEC on February 28, 2011, our Quarterly Report on Form 10-Q for the quarter ended September 30, 2011 as filed with the SEC on October 27, 2011, or any amendments thereto, and our other subsequent filings with the SEC 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.