Now shipping to Australia, Hong Kong, and Singapore
SALT LAKE CITY, June 18 /PRNewswire-FirstCall/ --Overstock.com, Inc. (Nasdaq: OSTK) today announced its launch of international sales to customers in Australia, Hong Kong, and Singapore. This announcement now brings to 37 the total number of countries in which Overstock is selling products to customers.
These International shoppers can now search, browse and purchase over 600,000 quality discount products, all priced in local currency, from the company's website: http://www.overstock.com.
'International markets are underserved by online retail,' said Patrick Byrne, Overstock.com chairman and CEO. 'With the weakness of the dollar the time has never been better for international customers to buy bargain American goods, creating a great opportunity for us.'
The site geolocates international visitors and displays pricing in their local currency, automatically adjusted to daily fluctuations in exchange rates. Overstock.com launched its international service in August 2008, and International shoppers can conveniently find quality brand-name items in 10 major categories.
Since its go-international announcement in May 2008, Overstock.com has seen a substantial increase in international traffic on site and international sales.
'With the high interest and volume of international customers visiting our site, we want to continue to give them an opportunity to take advantage of the benefits of shopping Overstock.com,' added Byrne. 'We plan to continue our expansion into other countries as we roll this business forward over the next several years.'
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 under the symbol: OSTK, 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(R) 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 whether online retail underservices international markets; the opportunity for the company's international sales, owning to a weak U.S. currency, statements regarding future international sales and a continued expansion of the company's international sales program, Our Form 10-K/A for the year ended December 31, 2007, 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.
