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Overstock.com Partners With MerchSource for Holiday Donations to the Toys for Tots Program

SALT LAKE CITY, Nov. 5 /PRNewswire-FirstCall/ -- Overstock.com, Inc. (Nasdaq: OSTK) today announced that it is partnering once again with MerchSource to collect donations for the U.S. Marine Corp Toys for Tots Program. The program will enable consumers to purchase toys, gifts and electronics on the Overstock.com website and then donate those products directly to Toys for Tots. To learn more and donate visit www.overstock.com

"This partnership lets our customers help children and families in need by donating products they purchase on our website," said Overstock.com Chairman and CEO, Patrick Byrne. "We have seen real success with this program in the past and we hope that this year will be just as successful."

Overstock.com will designate 30 to 40 of MerchSource's popular toy and gift products, ranging from arts and crafts sets to remote control cars and telescopes, which Overstock.com consumers can purchase and donate directly to the Toys for Tots campaign. Overstock.com and MerchSource will cover the shipping expenses to get these items to Marine depots, where local Toys for Tots representatives distribute them to families during the holidays. Over the past three years, Overstock.com and MerchSource have collected more than $400,000 in toy donations from Overstock.com customers through this program.

"This year, with an ever-growing internet market, we hope to surpass the collections in past years, making 2009 the biggest and most successful year so far," said MerchSource Director of E-commerce Danny Nguyen.

About MerchSource

Established in 2000, MerchSource, LLC specializes in the design, development, and production of key consumer product lines and has become one of the largest vendors of high-quality, cross category merchandise in the country. With more than 25 years of experience in sourcing, manufacturing and shipping among MerchSource's executive team, the company provides unmatched service for national retailers such as: Bed Bath and Beyond; Kohl's; JC Penney; Bon Ton Stores; CVS; Rite Aid; Walgreens and Overstock.com. MerchSource has offices in Hong Kong, Shanghai and Guangzhou, and currently imports millions of units of merchandise per month to its west coast distribution facilities. Adhering to the principle of offering high-perceived value items at high-velocity price points, MerchSource specializes in multiple product categories, ranging from electronics, toys, home decor, memory foam, pet and other gift items.

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. 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, but are not limited to, statements regarding the success of this year's campaign. 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.

Copyright (2009) PR Newswire. All Rights Reserved.
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