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Overstock.com Announces Monthly $10,000 Family Bailout Sweepstakes for 2009

SALT LAKE CITY, Jan. 6 /PRNewswire-FirstCall/ -- Overstock.com, Inc. (Nasdaq: OSTK) today announced that the online retailer will pay off $10,000 of the debt of the winner of its monthly $10,000 Family Bailout Sweepstakes throughout 2009.

Each month Overstock.com will announce a new winner of the $10,000 prize. Entries are already being accepted for January's give away and will continue through the end of the month. The winner will be announced around February 15. The remaining monthly contests for 2009 will begin on the first day of each month, and monthly winners announced the month following. No purchase is necessary; however, entries are automatically submitted by purchasing items on Overstock.com. To enter or nominate someone you know, visit: (http://www.overstock.com/familybailout).

"We're going through the most challenging economic times since the Great Depression," said Patrick Byrne, Overstock.com Chairman and CEO. "With such a great response from the $50,000 Family Bailout, we wanted to continue to lend a helping hand during the months ahead."

In keeping with the spirit of their Family Bailout Plan of 2008, Overstock.com has created the 2009 Monthly Family Bailout Sweepstakes in order to give those who visit Overstock.com the chance to pay their mortgage, credit cards, or other large debts in a troubled economic time. The $10,000 award will be directly paid to the winner's designated creditors, and includes an additional amount designed to cover any taxes that may apply.

For further details and complete terms and conditions on the Overstock.com Family Bailout, visit (http://www.overstock.com/familybailout).

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 inSalt Lake City, is a publicly traded company listed on the NASDAQ Global Market System and can be found online at http://www.overstock.com. Overstock.com regularly posts information about the company and other related matters on its website under the heading "Investor Relations."

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 the number of months that the company will continue to run this sweepstakes and the announcement date of winners of the sweepstakes. 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.

SOURCE Overstock.com, Inc.