Overstock.com, Inc. [OSTK] Chairman & President Rings The NASDAQ Stock Market Opening Bell
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Dr. Byrne, Chairman & President of
Overstock.com, Inc.
Rings The NASDAQ Stock Market Opening Bell
Wednesday, February 9, 2005
at NASDAQ's MarketSite
in New York City.
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Summary Quote
The NASDAQ Stock Market is proud to welcome Overstock.com, Inc. [OSTK] and its Chairman & President, Dr. Byrne, to the opening bell. Overstock.com, earth's biggest discounter, combines outlet shopping with auctions, travel, best selling books, music and videos, as well as other exciting new offerings such as "build your own ring." Overstock.com also delivers the best name-brand values to consumers and businesses through its Club O and Club O Gold loyalty programs. The Company purchases only top quality inventory from manufacturers, distributors, importers, retailers, e-tailers and catalog companies that are commonly left with excess merchandise due to the uncertainty of predicting exactly what, when and how much of their products will sell. It also purchases inventories in bankruptcy settlements.
Overstock.com has enjoyed tremendous growth -- top line growth of 80% from the fourth quarter 2003 to fourth quarter 2004 -- while improving gross margins from 7.4% in the third quarter of 2003 to 15.2% in the fourth quarter of 2004. Since 1999, more than 5.5 million unique customers have benefited from the everyday low prices Overstock.com has to offer.
About Overstock.com, Inc. [OSTK]:
Overstock.com Inc. is an online "closeout" retailer offering discount, brand-name merchandise for sale over the Internet, as well as an online auction. 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 www.overstock.com.
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