The World's Greatest Rock Legends Headline Charity Auction to Save the Environment on Overstock.com

The World's Greatest Rock Legends Headline Charity Auction to Save the Environment on Overstock.com

Fans Can Bid on Rare Guitars, Microphones, Drumheads & Albums to Benefit Save the Earth Foundation

SALT LAKE CITY, April 15 /PRNewswire-FirstCall/ -- A who's who of famous rock stars' guitars and the albums that made them legends will be auctioned during Save the Earth Foundation's annual Earth Day charity auction online. This year, Overstock.com Auctions (NASDAQ:OSTK) (www.overstock.com) will be hosting the exclusive 10-day auction at http://auctions.overstock.com/earthday, which begins tomorrow, Saturday, April 16th. All of the proceeds will benefit Save the Earth Foundation's scientific research and educational programs dedicated to expanding environmental awareness.

(Logo: http://www.newscom.com/cgi-bin/prnh/20030520/LATU020LOGO-a)

The online auction will primarily feature rare, autographed electric and acoustic guitars, microphones, drumheads and albums from legendary rock bands and solo artists, such as: AC/DC, Aerosmith, The Beatles, Eric Clapton, The Eagles, Fleetwood Mac, Kiss, Metallica, Motley Crue, Ozzy Osbourne, Pearl Jam, The Police, Red Hot Chili Peppers, Rolling Stones, Bruce Springsteen, U2, Van Halen and Neil Young.

The rock memorabilia expected to garner the most attention are a rare, Rolling Stones' hollow body guitar and the Beatles' "Magical Mystery Tour" album, each autographed by all respective band members, as well as autographed microphones by the hottest artists topping the Billboard charts: 50 Cent, Christina Aquilera, Beyonce, Dr. Dre, Eminem, Ice Cube, Jay-Z, Jennifer Lopez, Nelly and Snoop Dog.

Scheduled to close at 3:00 p.m. PDT on Monday, April 25th, the online auction will also feature prized sports memorabilia from top athletes like Muhammad Ali's hand imprint and Joe Frazier's boxing glove, and framed movie posters signed by the actors who starred in them.

"Overstock.com is an ideal sponsor for our online auction, because it's a company that has experienced phenomenal success and applied that success to effecting positive change in the world," said Ken Margolis, director of events for Save the Earth Foundation.

"We are proud to partner with Save the Earth on this event," said Holly MacDonald-Korth, Overstock.com's vice president of auctions. "We continually seek ways to inform consumers about how to shop smarter and that includes being conscious of their impact on the environment. The Earth Day celebrity auction is the perfect medium for educating millions of people on the value of reusing and recycling."

Parties interested in auctioning premier items should contact: bigtimeauctions@overstock.com.

About Save The Earth Foundation

The Save the Earth Foundation (http://www.savetheearth.org/) functions as a 501(c) (3) non-profit corporation dedicated to the expansion of environmental awareness in our society. Save the Earth helps solve major environmental problems by providing grants to colleges and universities to fund environmental research and educational programs that train students to solve environmental problems. Research grants from the Save the Earth Foundation help slow -- and ultimately reverse -- our planet's deterioration.

About Overstock.com Auctions

Overstock.com Auctions is an online community of auction buyers and sellers connected through their personal and business networks. It offers 30% lower fees, volume discounts and a simple listing process for sellers; for buyers, it provides a trusted community of auction users. Overstock.com Auctions can be found at http://auctions.overstock.com/.

About Overstock.com, Inc.

Overstock.com is an online "closeout" retailer offering discount, brand-name merchandise for sale over the Internet. The company offers its customers an opportunity to shop for bargains conveniently, while offering its suppliers an alternative inventory liquidation distribution channel. Overstock.com, headquartered in Salt Lake City, is a publicly traded company listed on the Nasdaq National Market System and can be found online at www.overstock.com.

Overstock.com(R) is a registered trademark and Overstock.com Auctions(TM) is a trademark of Overstock.com, Inc. All other trademarks 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, but are not limited to, statements regarding the auction value and significance and interest in the memorabilia, 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: Scott Blevins, Public Relations of Overstock.com, +1-801-947-3133, sblevins@overstock.com; or Brian Webster, Public Relations of Save the Earth Foundation, +1-415-575-1444, brianw@premiumnetwork.com

Web site: http://www.overstock.com/

Web site: http://www.auctions.overstock.com/earthday

Web site: http://www.auctions.overstock.com/

Web site: http://www.savetheearth.org/

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