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PR Newswire
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Overstock.com Names Holly MacDonald-Korth Vice President of Auctions

SALT LAKE CITY, Oct. 4 /PRNewswire-FirstCall/ -- Overstock.com , today announced the appointment of Holly MacDonald-Korth to Vice President of Auctions.

(Logo: http://www.newscom.com/cgi-bin/prnh/20030520/LATU020LOGO-a)

MacDonald-Korth, who was responsible for the launch of Overstock.com Auctions last week, will run its daily operations, including actively participating in the auction network community, managing relationships with sellers and continually refining Overstock.com's offering to meet the needs of its users.

"Holly is the reason we were able to launch auctions so quickly and successfully," said Patrick Byrne, president of Overstock.com. "She's a self- taught IT and marketing whiz who has been one of our secret weapons for over four years. It took her only nine months to organize a team, manage the development of a website to compete with eBay, and launch it successfully. Her leadership skills and drive will be an invaluable asset to our executive team."

Prior to her promotion, MacDonald-Korth was responsible for developing Overstock.com Auctions. In her past four years with the company, she also held the positions of director of marketing, software engineer and marketing analyst. Before Overstock.com, Korth was a financial analyst for the Federal Reserve Board of Governors in Washington, D.C.

About Overstock.com

Overstock.com Inc. is an online "closeout" retailer offering discount, brand-name merchandise for sale over the Internet. The company offers its customers an opportunity to shop for bargains conveniently, while offering its suppliers an alternative inventory liquidation distribution channel. Overstock.com is a publicly traded company listed on the NASDAQ National Market System, headquartered in Salt Lake City, and can be found online at http://www.overstock.com/.

Overstock.com is a registered trademark of Overstock.com, Inc. All other trademarks are the property of their respective companies.

This press release and president's letter to shareholders contain 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 executives' level of participation in the communities and such other risks as identified in our Form 10-K for the year ended December 31, 2003, and all our subsequent filings with the Securities and Exchange Commission, which contain and identify important factors that could cause the actual results to differ materially from those contained in our projections or forward-looking statements.

Photo: http://www.newscom.com/cgi-bin/prnh/20030520/LATU020LOGO-aAP Archive: http://photoarchive.ap.org/PRN Photo Desk, photodesk@prnewswire.com Overstock.com, Inc.
© 2004 PR Newswire
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