SALT LAKE CITY, July 29 /PRNewswire-FirstCall/ -- Overstock.com, Inc. announced today that Dominique Dent of New Orleans, Louisiana has won the June 2009 $10,000 Family Bailout Sweepstakes. Overstock.com will pay the $10,000 directly to one or more qualified creditors of Dents' choice
Dent, a college student, and her family were severely affected by hurricane Katrina. Displaced from their home, neighborhood, and jobs, the family has worked hard to regain their livelihood since the storm. Their goal is to own a home. Dent's dream is to help her mother erase her debt and finally put the past behind them. She will use the $10,000 to help pay her mother's bills and make a giant step towards buying a home.
Approximately 250,000 people entered the June sweepstakes. Dent was selected as the winner according to contest rules. No purchase is necessary for eligibility. To enter go to http://www.overstock.com/familybailout . Additionally, shoppers will have the choice to opt-in to the contest when purchasing items through Overstock.com.
"We are glad that we can help out Ms. Dent and her mother," said Patrick Byrne, CEO and Chairman of Overstock.com. "We hope this $10,000 will give them some much needed assistance."
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.
"With this $10,000, we can finally move on in our lives," said Dent. "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 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 continuation of the sweepstakes. 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.
Overstock.com, Inc.
CONTACT: Media, Roger Johnson, +1-801-947-4430, rojohnson@overstock.com,
or Investors, Kevin Moon, +1-801-947-3282, kmoon@overstock.com, both of
Overstock.com, Inc.
Web Site: http://www.overstock.com/
