Overstock.com to Award $10,000 as Part of ‘Overstocktober’ Sweepstakes

SALT LAKE CITY, Oct. 1 /PRNewswire/ -- Overstock.com, Inc. (Nasdaq: OSTK) today launched its 11-day "Overstocktober Daily Dig" online sweepstakes to celebrate the company’s eleventh anniversary.  The grand prize is $10,000 cash. The contest runs October 1 through 11 with prizes awarded each day. To learn more visit www.overstock.com.  

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In addition to the $10,000 grand prize, Overstock will award 10 first prizes of $2,000 website shopping sprees. One first prize winner will be selected daily from all qualifying entries for that day and the daily first prize winners will select from among products in a wide array of categories, including Home and Garden, Furniture, Bedding and Bath, Clothing and Shoes, Electronics, Jewelry, Watches, Sports, Worldstock Fair Trade, and Books Movies and Music. Also, ten second prize winners will receive $100 gift to be awarded each day of the sweepstakes.

Sweepstakes participants can visit www.overstock.com to find a link to the contest page where contestants are given one clue each day to the "Daily Dig." The daily clue will guide them to search and find a specific product on the Overstock.com site. That day's specific product page will feature a hidden “X” with a link to enter to win that day's prize. Additional daily clues will be given on the Overstock.com Facebook and Twitter page to help participants find that day’s specific product page. To learn more visit www.twitter.com/overstock and www.facebook.com/overstockdotcom.  Also on the contest entry page, participants can share the contest with friends and family.

“We wanted to give our customers the chance to win some great prizes to help us celebrate our eleventh anniversary,” said Overstock.com President Jonathan Johnson. “Without them we could not have achieved this milestone.”  

From all qualifying entries, one first prize winner and 10 second prize winners will be selected each day at random. The grand prize winner will be announced on October 18, 2010. First prize shopping spree winners are ineligible for the Grand Prize. For complete sweepstake rules, go to www.overstock.com/dailydig .

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.

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 course and process of the sweepstakes and announcement dates. 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.