Overstock.com Files New Shelf Registration Statement

    SALT LAKE CITY, Aug. 19 /EMWNews/ -- Overstock.com, Inc.

(Nasdaq: OSTK) announced today that it has filed a new shelf registration

statement with the Securities and Exchange Commission to register various

securities that may be offered and sold from time to time after the

registration statement has become effective. After it becomes effective,

the new registration statement will replace the Company's existing shelf

registration statement, which would have expired later this year. After it

becomes effective, the new registration statement would allow the Company

to sell, from time to time, up to $500 million of its debt securities,

common stock, warrants and other securities in one or more offerings. The

terms of any offering under the shelf registration statement will be

established at the time of any such offering.



    "We have no current plans to raise additional capital," said Jonathan

Johnson, Overstock.com president, "but we believe that it is prudent

capital management to have a shelf registration statement in place should

the need or opportunity arise to raise capital on attractive terms. Since

our current shelf registration statement will expire later this year, this

is a good time to get a new one in place.



    The shelf registration statement has been filed but is not yet

effective. Any securities offered by the Company under the shelf

registration statement may not be sold, nor may offers to buy any

securities be accepted, prior to the time the registration statement

becomes effective. This press release shall not constitute an offer to sell

or the solicitation of an offer to buy, nor shall there be any sale of any

securities in any jurisdiction in which such offer, solicitation or sale

would be unlawful prior to registration or qualification under the

securities laws of any such jurisdiction. Any offering may be made only by

means of the prospectus and a related prospectus supplement.

    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(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 including all statements other than

statements of historical fact. Our Form 10-K for the year ended December

31, 2007, our subsequent quarterly reports on Form 10-Q, 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.