Plans to Continue Monthly Sweepstakes Through December 2009
SALT LAKE CITY, Aug. 27 /PRNewswire-FirstCall/ -- Overstock.com, Inc. (Nasdaq: OSTK) announced today that Bob Romain of Metamora, Michigan has won the July 2009 $10,000 Family Bailout Sweepstakes. Overstock.com will pay the $10,000 directly to one or more qualified creditors of Romains' choice.
Romain, retired after 35 years at General Motors, is the father and grandfather of a large, close-knit family who hit hard times when the terms of his retirement plan changed as a result of the recent GM restructuring. Romain has worked hard his entire life to provide for his family, and now worries that he will be unable to continue to do so. Romain plans on using the $10,000 to pay off his bills.
Approximately 250,000 people entered the July sweepstakes. Romain was selected as the winner according to contest rules. No purchase was necessary for eligibility. To enter the August $10,000 Family Bailout Sweepstakes go to www.overstock.com/familybailout. Additionally, shoppers will have the choice to opt-in to the contest when purchasing items through Overstock.com.
"Romain is a hard working American," said Patrick Byrne, CEO and Chairman of Overstock.com. "We hope this $10,000 will help him and his family during these trying times."
In January of this year Overstock.com created the Family Bailout Sweepstakes in order to give Overstock.com visitors the chance to pay off their mortgage, credit cards, or other large debts.
"This $10,000 will be a huge benefit to me and my family," said Romain. "Thank you, Overstock.com!"
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(R) is a registered trademark of Overstock.com, Inc. All other trademarks are the property of their registered 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, statements regarding continuation of the sweepstakes. Our Form 10-K/A for the year ended December 31, 2008, 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.
