Overstock.com, Inc.announces an integration with ShapeShift, the world’s leading instant digital asset exchange, that allows c

Overstock.com Becomes First Major Retailer to Accept Altcoins

Overstock.com Becomes First Major Retailer to Accept Altcoins

 Overstock.com, Inc.announces an integration with ShapeShift, the world’s leading instant digital asset exchange, that allows c

PRESS RELEASE  Overstock.com, Inc. (NASDAQ:OSTK) announces an integration with ShapeShift, the world’s leading instant digital asset exchange, that allows customers to use all the major cryptocurrencies, including Ethereum, Litecoin, Dash, Monero, and the new Bitcoin Cash, to buy online from Overstock’s selection of nearly 4 million products, including, furniture, accessories, bedding, décor, rugs, DIY, and more.

ShapeShift allows digital currencies to be easily converted between different coin types in a matter of seconds, all without any account setup or personal data required. Instead, the funds are sent to a specific address, with the blockchain record of the transaction acting as both the order and the receipt.

During checkout, customers will select their preferred cryptocurrency and submit the order before being prompted to transfer the coins, just as they would with any other digital wallet transaction. Overstock will then utilize ShapeShift to convert the cryptocurrencies to bitcoin. Refunds from a cryptocurrency purchase will also be made in bitcoin, however customers can easily exchange those to their preferred cryptocurrency through ShapeShift.



 Overstock.com, Inc

“Overstock is pro-freedom, including the freedom of individuals to communicate information about value and scarcity without relying on a medium created through the fiat of unaccountable government mandarins. For that reason, we have been an early proponent and adopter of cryptocurrencies,” said company CEO and founder Patrick M. Byrne. “ShapeShift has provided an elegant way for users of any digital currency to transact seamlessly and privately across chains, and we’re excited to harness that ability to the benefit of our customers.”

“Overstock’s long history with bitcoin and blockchain technology demonstrates their commitment to innovation,” said ShapeShift CEO Erik Voorhees. “The ShapeShift team could not be more excited for this partnership and are pleased our technology will be helping the next generation of Overstock customers.”

This year has seen the emergence of several popular non-bitcoin cryptocurrencies, helping the number of transactable digital currencies grow to over 1000, according to Coinmarketcap.com. Bitcoin is still the largest cryptocurrency by market capitalization, however it now represents just under 50% of the market, down from nearly 80% a year ago. ShapeShift supports dozens of these additional growing digital assets. Additionally, in light of the recent Bitcoin Hard Fork, ShapeShift has added support of the forked asset, Bitcoin Cash, allowing Overstock customers to complete their purchases via BCH.

Overstock is the first major retailer to accept multiple cryptocurrencies as payment. This announcement is the latest in a line of major firsts for Overstock in the blockchain world; the e-commerce pioneer became the first major retailer to accept bitcoin in early 2014 and issued the world’s first blockchain stock with its Series A Preferred offering in late 2016 on the t0 platform.

About Overstock.com

Overstock.com, IncCommon Shares (NASDAQ:OSTK) / Series A Preferred (Medici Ventures’ t0 platform:OSTKP) / Series B Preferred (OTCQX:OSTBP) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furnituredécorrugsbedding, and home improvement. In addition to home goods, Overstock.com offers a variety of products including jewelry, electronics, apparel, and more, as well as a marketplace providing customers access to hundreds of thousands of products from third-party sellers. Additional stores include Worldstock.com, dedicated to selling artisan-crafted products from around the world. Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. Overstock regularly posts information about the company and other related matters under Investor Relations on its website.

About ShapeShift

ShapeShift is the fastest and safest digital asset exchange in the world. From start to finish, users can exchange blockchain tokens in seconds, with no account required. The firm pioneered the concept of “Consumer Protection by Design,” enabling web and API-based trading without counterparty risk. See more at: https://shapeshift.io

O, Overstock.com, O.com, O.co, Club O, Main Street Revolution, Worldstock and OVillage are registered trademarks of Overstock.com, Inc.  O.biz and Space Shift are also trademarks of Overstock.com, Inc.  Other service marks, trademarks and trade names which may be referred to herein 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 all statements other than statements of historical fact.  Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company’s Form 10-K for the quarter ended June 30, 2017, which was filed with the SEC on August 3, 2017, and any subsequent filings with the SEC.

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BUZ INVESTORS Colorado Anti-Tattletale Tax Measure -- Overstock.com, Inc. (NASDAQ:OSTK) publicly urged Colorado legislators to pass an anti-tattletale tax bill to avoid a public outcry

Overstock.com Names Allison Abraham as Chairwoman of Board of Directors

Overstock.com Names Allison Abraham as Chairwoman of Board of Directors

Company president Saum Noursalehi elected to the board

BUZ INVESTORS Colorado Anti-Tattletale Tax Measure -- Overstock.com, Inc. <span data-recalc-dims=(NASDAQ:OSTK) publicly urged Colorado legislators to pass an anti-tattletale tax bill to avoid a public outcry" width="300" height="169" srcset="https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/03/overstock.jpg?resize=300%2C169 300w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/03/overstock.jpg?resize=768%2C432 768w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/03/overstock.jpg?resize=1024%2C576 1024w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/03/overstock.jpg?w=1280 1280w" sizes="(max-width: 300px) 100vw, 300px" />

BUZ INVESTORS PRESS RELEASE  Allison Abraham  Overstock.com, Inc. Common Shares (NASDAQ:OSTK) / Series A Preferred (Medici Ventures’ t0 platform:OSTKP) / Series B Preferred (OTCQB:OSTBP) announces the appointment of Allison Abraham as the company’s first chairwoman of the board of directors. Ms. Abraham has served as a director on the ecommerce leader’s board for 15 years, and is the chairwoman of the board’s audit committee.

Jonathan Johnson, Overstock’s chairman of the board of directors since 2014, remains on the board.  He also continues in his role as president of Medici Ventures, Overstock’s blockchain technology subsidiary.

“Jonathan’s steady hand as chairman has been of great benefit to Overstock through years of our history, and we are grateful he is able to remain on our board of directors now that running our Medici blockchain technology subsidiary is demanding more and more of his efforts,” said Overstock’s CEO and founder, Dr. Patrick M. Byrne. “Allison has long been a strong voice in guiding Overstock in her role as a director from our earliest days. She is the perfect choice to assume the chairwoman role on our board as we continue to set the standard for profitable and sustainable ecommerce growth.”



Allison Abraham

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Also elected to the retailer’s board of directors is Overstock’s president, Saum Noursalehi, joining incumbent directors Dr. Byrne, Barclay F. Corbus, Kirthi Kalyanam, and Joseph J. Tabacco, Jr.

“As president, Saum has already taken decisive steps to maintain Overstock’s position as a leader in home retail for the short and long term,” continued Dr. Byrne. “His deep understanding of both the economic and technical components of ecommerce is a welcome addition to an already strong board.”

About Allison Abraham:

Ms. Abraham is the first chairwoman of Overstock’s board, on which she has held the position of director since 2002. She is a member of the compensation committee and nominating & corporate governance committee, and is the chairwoman of the audit committee. She is currently the president and founder of The Newton School, a private, non-profit school serving grades K-8, located in Sterling, Virginia. Prior to this role, Ms. Abraham managed her own consulting business, served as a director of privately held Precision Imaging, Inc., and was president and director of LifeMinders, Inc., an online direct marketing company, until its acquisition by Cross Media Marketing Corp. in October 2001. Before joining LifeMinders, Ms. Abraham served as chief operating officer of iVillage Inc., an online media company, and as president, COO and director of Shoppers Express, an online grocery service. Ms. Abraham holds a MBA degree from the Darden School at the University of Virginia and a Bachelor of Arts in Economics from Tufts University.

About Saum Noursalehi:

Mr. Noursalehi currently serves as the president of Overstock.com, a role he has held since 2016. He began his career with Overstock in 2005, and has held several roles for the online retailer prior to being named president, including senior vice president of marketing, senior vice president of product development, and chief revenue officer. Noursalehi received a Bachelor’s Degree in Computer Science from the University of Utah, has been profiled in publications such as Wired, and was a recipient of the 2015 Utah Business Forty Under 40 award honoring Utah’s top up-and-coming professionals.

About Jonathan Johnson:

Mr. Johnson is president of Medici Ventures, Overstock’s subsidiary that oversees a portfolio of blockchain technology and fintech businesses, including t0, which recently completed the world’s first blockchain-based stock offering on its platform. Johnson joined Overstock in 2002, and has served as the chairman of Overstock’s board of directors since April 2014, transitioning to the position after five years as the company’s president, and later, as the acting CEO and executive vice chairman of the board. He has been an integral part of Overstock’s meteoric growth from a small start-up to a publicly traded company with over $1.8 billion in sales and over 1,700 employees. Johnson received a Bachelor’s Degree in Japanese from Brigham Young University, studied at Osaka University of Foreign Studies in Japan as a Ministry of Education Scholar, and received his Juris Doctor degree from the J. Reuben Clark Law School at Brigham Young University.

About Overstock.com
Overstock.com, Inc. Common Shares (NASDAQ:OSTK) / Series A Preferred (Medici Ventures’ t0 platform : OSTKP) / Series B Preferred (OTCQB:OSTBP) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, décor, rugs, bedding, jewelry, electronics, apparel, and more, as well as a marketplace providing customers access to hundreds of thousands of products from third-party sellers. Additional stores include Worldstock.com, dedicated to selling artisan-crafted products from around the world, and Main Street Revolution, supporting small-scale entrepreneurs in the U.S. by giving them access to our national customer base. Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. Overstock regularly posts information about the company and other related matters under Investor Relations on its website.

O, Overstock.com, O.com, O.co, Club O, Main Street Revolution, Worldstock and OVillage are registered trademarks of Overstock.com, Inc.  O.biz and Space Shift are also trademarks of Overstock.com, Inc.  Other service marks, trademarks and trade names which may be referred to herein 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 all statements other than statements of historical fact.  Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company’s Form 10-K for the quarter ended December 31, 2016, which was filed with the SEC on March 3, 2017, and any subsequent filings with the SEC.

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BUZ INVESTORS Colorado Anti-Tattletale Tax Measure -- Overstock.com, Inc. (NASDAQ:OSTK) publicly urged Colorado legislators to pass an anti-tattletale tax bill to avoid a public outcry

Overstockcom Scheduled to Release Q1 2017 Financial Results on May 4, 2017

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Overstockcom Scheduled to Release Q1 2017 Financial Results on May 4, 2017

 BUZ INVESTORS PRESS RELEASE  Overstockcom Scheduled to Release Q1 2017   Overstock.com, Inc. (Common Shares - NASDAQ: OSTK / Series A Preferred

 BUZ INVESTORS PRESS RELEASE  Overstockcom Scheduled to Release Q1 2017   Overstock.com, Inc. (Common Shares – NASDAQ: OSTK / Series A Preferred – Medici Ventures’ t0 platform: OSTKP / Series B Preferred – OTCQB: OSTBP) is scheduled to release first quarter financial results for the period ending Mar. 31, 2017 on Thursday, May 4, 2017 after the market closes. The company has scheduled a conference call and webcast for 4:30 p.m. ET that day to discuss these results. The company will take questions via email prior to the call. Please email all questions in advance of the call to ir@overstock.com.




 Overstockcom Scheduled

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Webcast information

To access the live webcast and presentation slides, go to http://investors.overstock.com. To listen to the conference call via telephone, dial (877) 673-5346 and enter conference ID 7574200 when prompted. Participants outside the U.S. or Canada who do not have Internet access should dial +1 (724) 498-4326 and enter the conference ID provided above.

Replay

A replay of the conference call will be available at http://investors.overstock.com starting two hours after the live call has ended. An audio replay of the webcast will be available via telephone starting at 7:30 p.m. ET on Thursday, May 4, 2017, through 7:30 p.m. ET on Thursday, May 18, 2017. To listen to the recorded webcast by phone, dial (855) 859-2056 and enter the conference ID provided above. Outside the U.S. or Canada, dial +1 (404) 537-3406 and enter the conference ID provided above.

About Overstockcom
Overstock.com, Inc. (Common Shares – NASDAQ: OSTK / Series A Preferred – Medici Ventures’ t0 platform: OSTKP / Series B Preferred – OTCQB: OSTBP) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, décor, rugs, bedding, jewelry, electronics, apparel, and more, as well as a marketplace providing customers access to hundreds of thousands of products from third-party sellers. Additional stores include Worldstock.com, dedicated to selling artisan-crafted products from around the world, and Main Street Revolution, supporting small-scale entrepreneurs in the U.S. by giving them access to our national customer base. Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. Overstock regularly posts information about the company and other related matters under Investor Relations on its website.

O, Overstock.com, O.com, O.co, Club O, Main Street Revolution, Worldstock and OVillage are registered trademarks of Overstock.com, Inc.  O.biz and Space Shift are also trademarks of Overstock.com, Inc.  Other service marks, trademarks and trade names which may be referred to herein 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 all statements other than statements of historical fact.  Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company’s Form 10-K for the year ended December 31, 2016, which was filed with the SEC on March 3, 2017, and any subsequent filings with the SEC.

 

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BUZ INVESTORS Colorado Anti-Tattletale Tax Measure -- Overstock.com, Inc. (NASDAQ:OSTK) publicly urged Colorado legislators to pass an anti-tattletale tax bill to avoid a public outcry

Overstock.com Supports Passage of Colorado Anti-Tattletale Tax Measure

Overstock.com Supports Passage of Colorado Anti-Tattletale Tax Measure

Company urges legislators to avoid backlash over privacy concerns

BUZ INVESTORS Colorado Anti-Tattletale Tax Measure -- Overstock.com, Inc. <span data-recalc-dims=(NASDAQ:OSTK) publicly urged Colorado legislators to pass an anti-tattletale tax bill to avoid a public outcry " width="300" height="169" srcset="https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/03/overstock.jpg?resize=300%2C169 300w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/03/overstock.jpg?resize=768%2C432 768w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/03/overstock.jpg?resize=1024%2C576 1024w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/03/overstock.jpg?w=1280 1280w" sizes="(max-width: 300px) 100vw, 300px" />

BUZ INVESTORS Colorado Anti-Tattletale Tax Measure — Overstock.com, Inc. (NASDAQ:OSTK) publicly urged Colorado legislators to pass an anti-tattletale tax bill to avoid a public outcry if online retailers are forced to report Colorado citizens’ private online transactions to the state.

“When Colorado’s legislature passed a law requiring retailers to report to the government all Coloradans’ private online transactions, we never thought we’d be staring down the barrel of imminent compliance,” said Jonathan Johnson, Overstock.com’s Chairman of the Board. “After seven years of litigation, that’s exactly where we are today.”



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Colorado Anti-Tattletale Tax Measure

Colorado’s tattletale law, which goes into effect July 1, is one of many state measures designed to force or irritate out-of-state retailers to collect sales taxes on in-state transactions.  The law states that if a retailer doesn’t collect the tax, then it must report private Coloradan customer transaction data to the state, and also send a report to Colorado customers by first class mail.

Steve DelBianco, executive director of NetChoice, observed that when Colorado passed its transaction reporting measure, legislators believed that online retailers would surely collect the tax rather than turn over their sensitive customer data to the state.

However, given the high cost and risk of compliance with 12,000 inconsistent tax regulations nationwide, most retailers have no practical choice but to report transaction data as required.  For many years, Overstock has supported several bills now before the U.S. Congress that would allow states to collect sales taxes, but with a view towards easing the compliance burden of these 12,000 state taxing authorities and their varying laws and regulations.

A recent poll on Colorado law demonstrated that 78% of Coloradans believe that the tattletale law is a clear invasion of their privacy.  Few polls reflect such overwhelming opposition, and Overstock expects that unless the data reporting component is repealed, an enormous citizen backlash is imminent.  While critical of the existing law, Overstock applauded those legislators now sponsoring a bill to repeal the reporting portions of the law as well as some other unreasonable components.

“We regard Overstock’s customer transaction data as some of the most sensitive in the world,” said Johnson.  “Thus, we employ costly and highly advanced technical measures to prevent unlawful access.  But when states pass unwise bills, forcing us to turn over the very data we work hard to protect, all that goes out the window and all bets are off.”

“Given the cost constraints under which most state governments operate, we would think that Coloradans would want to question whether their data will now be safe on state servers—whether those state systems will safeguard it equally as well as it is now safeguarded by the privacy and technical standards employed in private sector,” Johnson went on to explain.

Overstock noted that if the partial repeal bill does not pass, the company will let customers know in advance that their sensitive data will be handed over to the state, and will supply legislative contact information to help customers voice their complaints to local Senators and Representatives.

“We sincerely hope that the Colorado legislature will now act in the high interests of all of its citizens and our customers and pass this important repeal measure before the mandated reporting compliance deadline,” concluded Johnson.

About Overstock.com

Overstock.com, Inc. (NASDAQ:OSTK) has turned millions of houses into dream homes as the premier value destination for home goods including furniture, décor, rugs, bedding, and home improvement. Based in Salt Lake City, Utah, Overstock.com has been a pioneering force in e-commerce since 1999, providing our customers the assortment and convenience they want for less. In addition to home goods, Overstock.com offers a variety of products including jewelry, electronics, apparel, and more, as well as a marketplace providing customers access to hundreds of thousands of products from third-party sellers. Additional stores include Worldstock.com, dedicated to selling artisan-crafted products from around the world, and Main Street Revolution, supporting small-scale entrepreneurs in the U.S. by giving them access to our national customer base. Overstock regularly posts information about the company and other related matters under Investor Relations on its website, http://www.overstock.com.

O, Overstock.com, O.com, O.co, Club O, Main Street Revolution, Worldstock and OVillage are registered trademarks of Overstock.com, Inc.  O.biz and Space Shift are also trademarks of Overstock.com, Inc.  Other service marks, trademarks and trade names which may be referred to herein are the property of their respective owners.


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