Overstock.com Announces Winner of April $10,000 Family Bailout Sweepstakes
Plans to Continue Monthly Sweepstakes Through December 2009
SALT LAKE CITY, May 20 /PRNewswire-FirstCall/ — Overstock.com, Inc. (Nasdaq: OSTK) announced today that Donna Wensch of Chicago, Illinois has won the April 2009 $10,000 Family Bailout Sweepstakes. Overstock.com will pay the $10,000 directly to one or more of Wensch’s qualified creditors.
Wensch is a cancer survivor who has been debilitated by long term effects of chemotherapy, making it difficult for her to stand for long periods of time. She was a small business owner, but gave that up after she fell ill. Wensch plans to use $7,000 of the $10,000 to pay back a family that helped her with her medical bills.
Approximately 250,000 people entered the March sweepstakes. Wensch was selected as the winner according to contest rules. No purchase is necessary for eligibility. To enter go to www.overstock.com/familybailout. Additionally, shoppers will have the choice to opt-in to the contest when purchasing items through Overstock.com.
“We are glad that we can help out Ms. Wensch,” said Patrick Byrne, CEO and Chairman of Overstock.com. “She is certainly deserving and we hope this $10,000 will give her some much needed relief.”
In January of this year Overstock.com created the Family Bailout plan in order to give Overstock.com visitors the chance to pay off their mortgage, credit cards, or other large debts.
“I’ll finally be able to repay those who generously supported me during my tough times,” said Wensch. “Thank you, 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. 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 how the prize will be used, the number of months that the company will run this or similar sweepstakes, and the types of debts on which future winners may use sweepstakes proceeds. Our Form 10-K/A for the year ended December 31, 2008, 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.
