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Overstock.com Offers 'Million Dollar Lot'

SALT LAKE CITY, June 9, 2015 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (Nasdaq:OSTK) has listed a single bulk lot for sale on the online shopping site containing 1,130,000 assorted fashion jewelry pieces with a $1.13 million price tag.

A sampling of Overstock.com's million dollar jewelry lot.


A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=33622

Included in the collection are pieces such as diamond-inlayed titanium rings, jeweled music boxes, and watches. Each piece is still in its original packaging, ready to sell in a brick-and-mortar store or online.

"This is an incredible opportunity for an entrepreneurial wholesaler or retailer to quickly increase their jewelry assortment in an economical way," said Overstock.com President Stormy Simon. "There are great pieces of quality daily-wear jewelry at an unbelievable value."

The jewelry in the bundle was acquired by Overstock.com during the shopping site's liquidation of e-jeweler, Bidz.com. The average purchase price for each unique SKU as listed on Overstock.com is nearly $20, however the average price for each item as part of the lot is $1.

The online retailer will cover the cost of domestic shipping to the lower 48 United States, to be arranged with Overstock.com by the purchaser. Coupons and sales will not apply to this offer; however Club O loyalty rewards will be available on the purchase. Interested parties can contact the Overstock.com Special Acquisition Group at liquidation@overstock.com with any questions.

Overstock.com also offers every-day prices on single pieces of fashion or fine jewelry items on the shopping website's jewelry and watch store, as well as discounts on liquidated jewelry items through its Jewelry Liquidation Vault.

The photo is also available via AP PhotoExpress.

About Overstock.com

Overstock.com, Inc. (Nasdaq:OSTK) is an online shopping retailer based in Salt Lake City, Utah that sells a broad range of products at low prices including furniture, rugs, bedding, electronics, clothing, and jewelry. Worldstock.com is a fair trade department dedicated to selling artisan-crafted products from around the world whereas Main Street Revolution supports small businesses across the U.S. by providing them a national customer base. Overstock has additional community-focused initiatives such as a Farmers Market and pet adoption service. Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. Overstock sells internationally under the name O.co. Overstock (http://www.overstock.com and http://www.o.co) regularly posts information about the company and other related matters under Investor Relations on its website.

O, Overstock.com, O.com, O.co, Club O, Main Street Revolution, Worldstock Fair Trade, Worldstock, and OVillage are registered trademarks. O.biz, Club O Dollars, and OGlobal are trademarks of Overstock.com, Inc. The Overstock.com, Club O, and Worldstock Fair Trade logos are also registered trademarks of Overstock.com, Inc. Other service marks, trademarks and trade names which may be referred to herein 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. Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company's Form 10-Q for the quarter ended March 31, 2015, which was filed with the SEC on April 29, 2015, and any subsequent filings with the SEC.

CONTACT: Media Contact: Mark Delcorps, Overstock.com, Inc. +1 (801) 947-3564 kirstie@overstock.com Investor Contact: Mark Harden, Overstock.com, Inc. +1 (801) 947-5409 mharden@overstock.com

Source:Overstock.com, Inc.