Overstock.com Auctions Listings Jump 50% Following eBay Price Increases

Overstock.com Auctions Listings Jump 50% Following eBay Price Increases Offers Incentives to Disgruntled eBay Sellers in Response SALT LAKE CITY, Jan. 19 /PRNewswire-FirstCall/ -- Overstock.com(R) (NASDAQ:OSTK) today announced a surge in auction listings on Overstock.com Auctions(TM) following news that eBay plans to increase its fees by 52% starting Feb. 18. (Logo: http://www.newscom.com/cgi-bin/prnh/20030520/LATU020LOGO-a ) According to Overstock.com's V.P. of Auctions, Holly MacDonald-Korth, the number of listings on Overstock.com Auctions increased 50% in the five days since eBay's announcement. "That's a significant jump. Clearly there's growing rancor among eBay's community of sellers," she said. To appeal to the thousands of disenfranchised eBay sellers, MacDonald-Korth said Overstock.com will REDUCE its listing fees -- already 30% lower than eBay's -- by an additional 52% from Feb. 18 through March 18 to match eBay's 52% price INCREASE. "We would have lowered our Gallery(TM) and Make-it-Mine(TM) fees, too, but we already offer those features for free," MacDonald-Korth added. In addition, each person who visits or registers with Overstock.com Auctions on the day eBay's new fee structure takes effect will receive a $10 credit toward Overstock.com Auctions listing fees. Overstock.com launched Overstock.com Auctions in September 2004. A comparison between Overstock.com Auctions' fees and eBay's fees (both current and new) is available at http://auctions.overstock.com/. About Overstock Auctions Overstock.com Auctions at Overstock.com is an online community of auction buyers and sellers connected through their personal and business networks. It offers at least 30% lower fees, volume discounts and a simple listing process for sellers; for buyers, it provides a trusted community of auction users. Overstock Auctions users can register in about 30 seconds by creating an account at http://auctions.overstock.com/. About Overstock.com Overstock.com Inc. is a "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. Overstock.com(R) is a registered trademark of Overstock.com, Inc. Overstock.com Auction(TM) , Gallery(TM) and Make-It-Mine(TM) are trademarks of Overstock.com, Inc. All other trademarks are the property of their respective companies. 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 the number of auction listings, fee comparisons, future discounts and promotions, 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-a AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com Source: Overstock.com, Inc. CONTACT: Media, Scott Blevins, +1-801-947-3133, sblevins@overstock.com, or Investors, Kathryn Huang Hadley, +1-801-947-3282, khuang@overstock.com, both of Overstock.com, Inc. Web site: http://auctions.overstock.com/ Web site: http://www.overstock.com/ ------- Profile: International Entertainment