Williams & Williams Selected as First Online Auction Source
SALT LAKE CITY, Aug. 20 /PRNewswire-FirstCall/ -- Overstock.com, Inc.
(Nasdaq: OSTK) announced today the addition of auctions to its real estate
platform (http://realestate.overstock.com) allowing consumers to search
real estate auction listings and link to online auctions. Overstock.com has
joined with real estate auction company, Williams & Williams as an online
auction source provider.
The Overstock.com real estate portal provides consumers with the
ability to search and browse thousands of auction properties in targeted
geographic areas. In addition, consumers can link directly to Williams &
Williams' website where they can register and participate in online
auctions.
"We have dialed our customers into another overstocked inventory to
allow them to make their best deal," said Patrick Byrne, Overstock.com
chairman and CEO. "Our site provides Overstock.com customers with
information from real estate auctioneers and brokers who have direct access
to auction properties and local expertise."
"It was very important to us in launching the new area of online
auction that we had the expertise of an innovative and technically capable
real estate auction company. Williams & Williams is that company," said
Bill Floor, director of real estate for Overstock.com. "They share our
vision to provide consumers with new, empowered ways to shop for property."
"We're excited to be able to offer another wide-reaching opportunity
for consumers to tap into real estate offerings," added Pamela L.
McKissick, president & COO, Williams & Williams. "Joining with
Overstock.com to create a milestone in real estate auctions is aligned with
our mission and history to deliver real estate to the marketplace with
transparency, efficiency and convenience."
Businesses interested in reaching the many millions of value-conscious
customers who visit Overstock.com every month with a product or service,
are encouraged to email: realestate@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.
About Williams & Williams
Williams & Williams is a leading real estate auction company
specializing in professionally and efficiently selling real estate via a
ground-breaking system of auction. The company's auctions are open to the
global marketplace through on-lawn, online interactive and Studio auctions
conducted by the nation's most talented auctioneers. Separate sales
divisions serve the corporate, mortgage banking, employee relocation,
commercial, and trust industries with worldwide marketing services and
modern transparent auctions for the ongoing value preservation and sale of
owned assets. The company also serves individual property owners through
its Farm, Ranch and Premiere(TM) sales division. In the U.S., sales are
held every month throughout all fifty states and the company's sales
platform averages 35 days on market and 30 days to closing.
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. Such forward-looking statements
include, but are not limited to, statements regarding Overstock.com's real
estate auctions. Our Form 10-K 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.
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SOURCE Overstock.com, Inc.
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Related links:
http://www.overstock.com
CONTACT:
media, Josh Austin, +1-801-947-4364,
joaustin@overstock.com, or Investors, Kevin Moon,
+1-801-947-3282, kmoon@overstock.com, both of Overstock.com, Inc.
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