Overstock.com takes ParityPledge to improve opportunity for advancement of women into leadership positions

The ParityPledge aims to bring gender equality to the highest levels of business

SALT LAKE CITY, 2017-Dec-12 — /EPR Retail News/ — Overstock.com, Inc. (NASDAQ:OSTK) and its blockchain subsidiary, Medici Ventures, announce they have taken the ParityPledge to increase their commitment to improving the opportunity for advancement of women into leadership positions. By taking the ParityPledge, Overstock and Medici Ventures have committed to interview at least one qualified female candidate for every open executive position, vice president and above, including the C-suite and board of directors.

The ParityPledge is an initiative of Parity.org, a non-profit organization focused on decreasing the amount of gender inequality within businesses. It was founded to correct the blunt reality of gender disparity at the top of companies today, with women representing only 20 percent of S&P 500 corporate executive teams and boards.

“We’re proud to take the ParityPledge to help further our commitment to equal representation of women at the leadership level,” said Meghan Tuohig, Overstock’s vice president of people care. “ParityPledge is a great external compliment to the internal work we have started with the Overstock Women’s Network, which is aimed at providing opportunities for career growth and advancement for our female associates.”

The Overstock Women’s Network was founded by Tuohig in 2017, and uses programming and education for all associates, regardless of gender, to inspire, support, and celebrate females in Overstock’s professional community.

“The most effective teams tend to have diversity amongst their members, bringing different viewpoints and experiences to the table when finding solutions for difficult problems,” said Overstock.com President Saum Noursalehi. “Taking the ParityPledge reaffirms Overstock’s commitment to diversity, and to finding and promoting the best possible talent.”

“We are thankful for organizations like Overstock.com and Medici Ventures that are willing to become role models for change,” said Cathrin Stickney, Parity.org founder and CEO. “We believe their public commitment and example will help us realize exponential progress toward reaching parity at the top.”

“As the technological community in Utah continues to grow, groups like Parity.org and the ParityPledge will help ensure our community grows in a way that is welcoming and empowering for women,” said Jonathan Johnson, Medici Ventures president and Silicon Slopes board member. “Medici Ventures supports this effort that will have a positive impact on so many talented members of the Utahbusiness community.”

Parity.org is scheduled to announce the full list of founding companies, sponsors, and partners during the Silicon Slopes conference in January 2018.

About Overstock.com

Overstock.com, Inc. Common Shares (NASDAQ:OSTK) / Series A Preferred (Medici Ventures’ tZERO platform: OSTKP) / Series B Preferred (OTCQX:OSTBP) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, décor, rugs, bedding, and home improvement. In addition to home goods, Overstock.com offers a variety of products including jewelry, electronics, apparel, and more, as well as a marketplace providing customers access to hundreds of thousands of products from third-party sellers. Additional stores include Pet Adoptions and Worldstock.com dedicated to selling artisan-crafted products from around the world. Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. Overstock regularly posts information about the company and other related matters under Investor Relations on its website, http://www.overstock.com.

About Medici Ventures:

Launched in 2014, Medici Ventures is a wholly owned subsidiary of Overstock.com, Inc., created to leverage blockchain technology to solve real-world problems with transparent, efficient and secure solutions. Medici Ventures has a growing portfolio of groundbreaking blockchain-focused investments, including tZERO.com, Peernova, Bitt, SettleMint, Factom, and IdentityMind, Spera and Symbiont. The company’s majority-owned financial technology company, tZERO.com, executed the world’s first blockchain-based stock offering in December 2016.

About Parity.org

Parity.org is a 501(c)(3) non-profit organization dedicated to gender equality at the highest ranks of business leadership. Parity.org is assembling a founding advisory board of some of the most recognized men and women leaders in business. The Parity.org URL was generously donated by The Kennedy Forum. You can follow Parity.org on Facebook, LinkedIn and Twitter.

O, Overstock.com, O.com, Club O, Main Street Revolution, and Worldstock are registered trademarks of Overstock.com, Inc. O.biz and Space Shift are also trademarks of Overstock.com, Inc. Other service marks, trademarks and trade names which may be referred to herein 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 all statements other than statements of historical fact. Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company’s Form 10-Q for the quarter ended September 30, 2017, which was filed with the SEC on November 8, 2017, and any subsequent filings with the SEC.

Media Contact:
pr@overstock.com

Investor Contact:
ir@overstock.com

Source: Overstock.com, Inc./globenewswire

Major investor in blockchain technology Medici Ventures invests in Symbiont

SALT LAKE CITY, 2017-Jul-20 — /EPR Retail News/ — Medici Ventures and Symbiont today (July 19, 2017 ) announced the completion of a strategic investment in Symbiont by Medici Ventures, a major investor in blockchain technology. As part of the new relationship, the two companies will collaborate on strategic projects involving both Medici Ventures and its parent company, Overstock.com Common Shares (NASDAQ:OSTK) / Series A Preferred (Medici Ventures’ t0 platform : OSTKP) / Series B Preferred (OTCQX:OSTBP).

Jonathan Johnson, President of Medici Ventures and a director of Overstock.com, said: “We look forward to Medici Ventures becoming one of the first Delaware entities to convert its registration to blockchain form at the State of Delaware using thnew Delaware blockchain amendments, which take effect August 1, 2017 pending Governor John Carney’s signature.”

He added: “We also anticipate using blockchain to administer Medici Ventures’ fund interests from inception, thereby providing our investors with end-to-end recordkeeping on a blockchain and administration of investor interests using smart contracts.  We expect to deliver best-in-class investor transparency.”

“We welcome Medici Ventures as an investor in Symbiont and as a partner for Medici’s blockchain registration with the State of Delaware, said Mark Smith CEO and co-founder of Symbiont. “Management of fund interests is a logical extension of Symbiont’s Smart Securities®capabilities, and we welcome a partner that is equally committed to the principle of ensuring accuracy of shareholder records at all times during a company’s life cycle.”

Overstock’s CEO and founder, Dr. Patrick Byrne, added: “When Overstock went public in our IPO in 2002, I had no choice but to sign over ownership of my personal shares to the DTC’s Cede & Co. Thanks to Delaware’s new law, entrepreneurs won’t be forced into such a Faustian bargain anymore as the admission ticket into the club of publicly-traded companies because Delaware is giving entrepreneurs a path to retaining direct ownership of their shares after their IPOs. We are studying opportunities opened by Delaware’s new law for Overstock’s shareholders to gain direct ownership of our OSTK shares at some point. One thing is for sure — the Dole Food case, where investors presented brokerage statements evidencing ownership of roughly 33% more Dole shares than were legally outstanding — is Exhibit A to prove the existing system doesn’t always keep accurate track of who owns what. Thanks to Delaware, accuracy in securities ownership records can be achieved.”

About Symbiont
Symbiont is the market-leading smart contracts platform for institutional applications of distributed ledger technology. Disclosed users of its platform include nineteen financial institutions for Smart Loans™, arranged by Credit Suisse and executed via Synaps, its syndicated loans joint venture with Ipreo; the State of Delaware for Smart Records™; a major European insurance company for Smart Swaps™ in the catastrophe insurance market; Orebits, a provider of asset digitization services; PrivateMarket.io, an alternative assets platform; and Medici Ventures, a blockchain-focused venture firm. For more information about Symbiont: www.symbiont.io

About Medici Ventures:

Launched in 2014, Medici Ventures is a wholly owned subsidiary of Overstock.com, Inc., created to leverage blockchain technology to solve real-world problems with transparent, efficient and secure solutions. Medici Ventures has a growing portfolio of groundbreaking blockchain-focused investments, including t0.com, Peernova, Bitt, SettleMint, Factom, and IdentityMind, Spera and Symbiont. The company’s majority-owned financial technology company, t0.com, executed the world’s first blockchain-based stock offering in December 2016.

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 all statements other than statements of historical fact.  Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company’s Form 10-K for the quarter ended March 31, 2017, which was filed with the SEC on May 4, 2017, and any subsequent filings with the SEC.

Media Contact:
pr@mediciventures.com

Investor Contact:
ir@overstock.com
Aspectus Sean Mogle
646-202-9845
sean.mogle@aspectuspr.com

Source: Overstock.com

Overstock.com supports H.R. 2887, The No Regulation Without Representation Act

Company Urges Legislators to Resolve Cross Boarder State Tax Regulation

SALT LAKE CITY, 2017-Jun-15 — /EPR Retail News/ — Overstock.com, Inc. (NASDAQ:OSTK) spoke in favor of H.R. 2887, The No Regulation Without Representation Act, introduced by Rep. Sensenbrenner (R-WI) today (June 13, 2017 ).

The company added this bill to the list of “reasonable” federal legislation it supports to answer the increasingly contentious state tax measures designed to force remote retailers to collect local and state taxes, regardless of physical presence in the taxing state.  The bill has the additional benefit of decreasing the burden of states’ recent cross-border forays into other areas of interstate commerce regulation, such as in manufacturing, labeling and product sourcing.

In recent years in the tax area, states have discriminated against remote internet retailers, attempting to force remote internet sellers into a different scheme of tax regulation, based on assessment of sales taxes at the residence of the purchaser, and not at the place of sale, as is the case in all of store-based, retail sales tax collection.

“The problem is the states want remote internet retailers to collect at the rates for the customers’ residences and not at the cash register. This significantly complicates things,” said Overstock Board member Jonathan Johnson. “Under the states’ schemes of collecting at each customer’s residence, a remote retailer faces a morass of more than 12,000 state and local tax districts—all with special, ever-changing provisions, and each with individual audit authority. Imagine being subjected to 12,000 tax audits!”

The U.S. Constitution allows states to conscript retailers into sales tax collection, but only if retailers have “physical presence” in the taxing state. By being present in the state, retailers get many state and local benefits and have a say in representation, but a remote retailer without physical presence gets no benefit and has no representation. Therefore, where a retailer lacks physical presence, U.S. Supreme Court decisions forbid states from forcing these retailers to collect sales tax.

In recent years, states reluctant to shoulder the burden of tax collection, have become more aggressive in passing legislation stretching the definition of what constitutes “physical presence.” Some have even unfairly assessed remote retailers for uncollected sales taxes, claiming after the fact, that remote retailers ought to have collected under these states’ self-serving laws establishing new and unorthodox definitions of “physical presence.” Additionally, some states openly flaunt Supreme Court precedents hoping to provoke Congressional action.

Maybe they now have.
“The No Taxation Without Representation Act draws a clear line, codifying what states may and may not define as ‘physical presence,’” Johnson said. “It’s reached the point where states consider virtually anything as physical presence. That’s simply not the law, and the idea that a state-created, stretch-definition can regulate interstate commerce is not only repugnant to the U.S. Constitution, but poses a threat of state cross-border regulation in many other sectors as well.”

While Overstock strongly opposes any expansion of states’ cross-border regulatory powers, Overstock supports fair federal solutions to the states’ tax collection problem. For many years, the company has worked on and supported Congressional measures to create a fair system to allow states to collect through remote internet retailers. The company supported both The Remote Transactions Parity Act of 2015, introduced by Rep. Jason Chaffetz (R-UT), and The Online Sales Simplification Act of 2016, circulated in a discussion draft last year by Rep. Bob Goodlatte (R-VA), Chair of the House Judiciary Committee. The company sees both these measures, as proposed, as offering states what they need, but not at retailers’ expense.

Johnson said, “We can support these, and other measures like them, because they do the work of simplifying the impossibly complex, overlapping system of state tax collection. The successful solution must be fair and workable for states and retailers.”

The company noted it strongly opposed the Senate-passed Market Place Fairness Act of 2013 because it failed the fairness test by having a discriminatory effect on remote sellers and it offered no real tax simplification.

About Overstock.com

Overstock.com, Inc. Common Shares (NASDAQ:OSTK) / Series A Preferred (Medici Ventures’ t0 platform : OSTKP) / Series B Preferred (OTCQB:OSTBP) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, décor, rugs, bedding, jewelry, electronics, apparel, and more, as well as a marketplace providing customers access to hundreds of thousands of products from third-party sellers. Additional stores include Worldstock.com, dedicated to selling artisan-crafted products from around the world by giving them access to our national customer base. Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. Overstock regularly posts information about the company and other related matters under Investor Relations on its website.

O, Overstock.com, O.com, O.co, Club O, Main Street Revolution, Worldstock and OVillage are registered trademarks of Overstock.com, Inc.  O.biz and Space Shift are also trademarks of Overstock.com, Inc.  Other service marks, trademarks and trade names which may be referred to herein 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 all statements other than statements of historical fact.  Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company’s Form 10-K for the quarter ended December 31, 2016, which was filed with the SEC on March 3, 2017, and any subsequent filings with the SEC.

Media Contact:
Mark Delcorps
+1 (801) 947-3564
pr@overstock.com</a

Investor Contact:
ir@overstock.com

Source: Overstock.com, Inc./globenewswire

Medici Ventures takes an observer’s seat in bitcoin startup Ripio’s board of directors meetings

Overstock.com’s blockchain subsidiary announces participation in Ripio’s Series A financing

SALT LAKE CITY, 2017-Apr-29 — /EPR Retail News/ —  Medici Ventures, a global leader in advancing blockchain technology, has added bitcoin consumer financial service platform Ripio to its portfolio of strategic blockchain-focused investments through participation in Ripio’s Series A financing. In addition to Medici Ventures’ equity position, the blockchain-focused subsidiary of US e-commerce pioneer Overstock.com will take an observer’s seat in Ripio’s board of directors meetings.

Ripio’s bitcoin financial services suite utilizes the blockchain and traditional payment rails to allow Latin America’s unbanked and underbanked population (as high as 70% in some areas) to buy and sell bitcoins using local currencies, and to pay for goods and services through a simple, direct transfer to peers and merchants. The platform currently has over seventy thousand users across Argentina and Brazil, and is in the process of expanding to other countries in the region, including Mexico and Colombia.

“Ripio has simplified the peer-to-peer payment system in a way that is accessible to anyone with a smartphone, no matter his or her level of technical sophistication,” said Medici Ventures’ President Jonathan Johnson. “This is exactly the type of life-changing application of blockchain technology that Medici Ventures is interested in.”

“We are super excited to partner with Medici Ventures team,” stated Sebastian Serrano, CEO and Co-Founder of Ripio. “This investment and their experience will help us to leverage our vision of democratizing access to financial services in emerging markets. We are honored to be part of its portfolio and we look to strengthen our synergies in the near future.”

Medici Ventures is a leader in advancing blockchain technology, and parent company of t0.com, which recently aided Overstock.com in completing the world’s first blockchain-based stock offering on its proprietary platform. Medici Ventures has investments in emerging technologies across several industries, including capital markets, banking, identity authentication and protection, land titling, voting, and more.

About Medici Ventures:
Launched in 2014, Medici Ventures is a wholly owned subsidiary of Overstock.com, Inc. created to advance blockchain technology by operating and investing in firms building solutions that will usher in a new era of efficiency, security and transparency in financial technology.  Medici Ventures’ blockchain-focused investments include t0.com, Peernova, Bitt, SettleMint, Factom, IdentityMind, and Ripio. The company’s majority-owned financial technology company, t0.com, executed the world’s first blockchain-based stock offering in December 2016.

About Ripio:
Born in 2014, Ripio (by BitPagos) is a full suite of financial services with more than 70,000 users across Latin America that provides many options to buy and sell Bitcoins in local currencies and to pay online in thousands of websites and stores that accept digital payments. Ripio has also launched a new disruptive credit feature called Ripio Credit (2016 Techcrunch Disrupt NY finalist)  on top of its wallet that allows customers to buy now and pay later using blockchain technology and traditional payment rails. Current main company investors are Tim Draper, Medici Ventures, Boost.VC, Huiyin Blockchain Ventures and Digital Currency Group.

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 all statements other than statements of historical fact.  Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company’s Form 10-K for the quarter ended December 31, 2016, which was filed with the SEC on March 3, 2017, and any subsequent filings with the SEC.

SOURCE: Overstock.com

Media Contact:
Mark Delcorps, Overstock.com, Inc.
+1 (801) 947-3564
pr@mediciventures.com

Investor Contact:
Mark Harden, Overstock.com, Inc.
+1 (801) 947-5409
ir@overstock.com

Overstock.com urges Colorado legislators to pass an anti-tattletale tax bill

Company urges legislators to avoid backlash over privacy concerns

SALT LAKE CITY, 2017-Apr-03 — /EPR Retail News/ — Overstock.com, Inc. (NASDAQ:OSTK) publicly urged Colorado legislators to pass an anti-tattletale tax bill to avoid a public outcry if online retailers are forced to report Colorado citizens’ private online transactions to the state.

“When Colorado’s legislature passed a law requiring retailers to report to the government all Coloradans’ private online transactions, we never thought we’d be staring down the barrel of imminent compliance,” said Jonathan Johnson, Overstock.com’s Chairman of the Board. “After seven years of litigation, that’s exactly where we are today.”

Colorado’s tattletale law, which goes into effect July 1, is one of many state measures designed to force or irritate out-of-state retailers to collect sales taxes on in-state transactions.  The law states that if a retailer doesn’t collect the tax, then it must report private Coloradan customer transaction data to the state, and also send a report to Colorado customers by first class mail.

Steve DelBianco, executive director of NetChoice, observed that when Colorado passed its transaction reporting measure, legislators believed that online retailers would surely collect the tax rather than turn over their sensitive customer data to the state.

However, given the high cost and risk of compliance with 12,000 inconsistent tax regulations nationwide, most retailers have no practical choice but to report transaction data as required.  For many years, Overstock has supported several bills now before the U.S. Congress that would allow states to collect sales taxes, but with a view towards easing the compliance burden of these 12,000 state taxing authorities and their varying laws and regulations.

A recent poll on Colorado law demonstrated that 78% of Coloradans believe that the tattletale law is a clear invasion of their privacy.  Few polls reflect such overwhelming opposition, and Overstock expects that unless the data reporting component is repealed, an enormous citizen backlash is imminent.  While critical of the existing law, Overstock applauded those legislators now sponsoring a bill to repeal the reporting portions of the law as well as some other unreasonable components.

“We regard Overstock’s customer transaction data as some of the most sensitive in the world,” said Johnson.  “Thus, we employ costly and highly advanced technical measures to prevent unlawful access.  But when states pass unwise bills, forcing us to turn over the very data we work hard to protect, all that goes out the window and all bets are off.”

“Given the cost constraints under which most state governments operate, we would think that Coloradans would want to question whether their data will now be safe on state servers—whether those state systems will safeguard it equally as well as it is now safeguarded by the privacy and technical standards employed in private sector,” Johnson went on to explain.

Overstock noted that if the partial repeal bill does not pass, the company will let customers know in advance that their sensitive data will be handed over to the state, and will supply legislative contact information to help customers voice their complaints to local Senators and Representatives.

“We sincerely hope that the Colorado legislature will now act in the high interests of all of its citizens and our customers and pass this important repeal measure before the mandated reporting compliance deadline,” concluded Johnson.

About Overstock.com

Overstock.com, Inc. (NASDAQ:OSTK) has turned millions of houses into dream homes as the premier value destination for home goods including furniture, décor, rugs, bedding, and home improvement. Based in Salt Lake City, Utah, Overstock.com has been a pioneering force in e-commerce since 1999, providing our customers the assortment and convenience they want for less. In addition to home goods, Overstock.com offers a variety of products including jewelry, electronics, apparel, and more, as well as a marketplace providing customers access to hundreds of thousands of products from third-party sellers. Additional stores include Worldstock.com, dedicated to selling artisan-crafted products from around the world, and Main Street Revolution, supporting small-scale entrepreneurs in the U.S. by giving them access to our national customer base. Overstock regularly posts information about the company and other related matters under Investor Relations on its website, http://www.overstock.com.

O, Overstock.com, O.com, O.co, Club O, Main Street Revolution, Worldstock and OVillage are registered trademarks of Overstock.com, Inc.  O.biz and Space Shift are also trademarks of Overstock.com, Inc.  Other service marks, trademarks and trade names which may be referred to herein 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 all statements other than statements of historical fact.  Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company’s Form 10-K for the quarter ended December 31, 2016, which was filed with the SEC on March 3, 2017, and any subsequent filings with the SEC.

Media Contact:
Mark Delcorps, Overstock.com, Inc.
+1 (801) 947-3564
pr@overstock.com

Investor Contact:
Mark Harden, Overstock.com, Inc.
+1 (801) 947-5409
ir@overstock.com

SOURCE: Overstock.com, Inc.

Overstock.com blockchain subsidiary Medici Ventures participates in Series A funding for Factom, Inc.

SALT LAKE CITY, 2017-Feb-08 — /EPR Retail News/ — Medici Ventures, the blockchain-focused subsidiary of retail technology leader Overstock.com, Inc. (NASDAQ:OSTK), announces its participation in the Series A funding for Factom, Inc., a blockchain-as-a-service technology company based in Austin, TX focusing on mortgage compliance solutions.

“We like what Factom is doing with blockchain technology in the mortgage space,” said Medici Ventures president Jonathan Johnson. “This is the latest in a series of strategic investments to further position Medici Ventures as the global leader in blockchain technology.”Medici Ventures received 2.5% of Factom’s common stock in return for a $750,000 investment. Steven Hopkins, Medici Ventures’ chief operating officer and general counsel, will join Factom’s board of directors.

Medici Ventures joins the Factom Series A round of funding, which was led by noted venture capitalist and blockchain enthusiast Tim Draper.

“We’re thrilled to include Medici Ventures as a strategic investor in Factom. The Medici team impressed us with their deep knowledge and expertise in blockchain technology,” said Factom CEO Peter Kirby. “They bring operational experience running a global business with thousands of employees and practical knowledge of the shifting regulatory environment. We consider them some of the smartest investors in Blockchain.”

Medici Ventures is a leader in advancing blockchain technology, and parent company of t0.com, which recently aided Overstock.com in completing the world’s first blockchain-based stock offering on its proprietary platform.

About Medici Ventures:
Launched in 2014, Medici Ventures is a wholly-owned subsidiary of Overstock.com, Inc. created to manage and oversee investments in firms building solutions leveraging and servicing blockchain technologies. Medici Ventures has several blockchain-focused investments, including t0.com, Peernova, Bitt, SettleMint, Factom, and IdentityMind. The company’s majority-owned financial technology company, t0.com, executed the world’s first blockchain-based stock offering in December 2016.

About Factom, Inc.
Factom, Inc. is an Austin-based blockchain technology company that’s on a mission to make the world’s systems honest. People and institutions today can solve hard problems and change the world for the better when they have a reliable framework to build upon. Honest systems free up dead capital, which allows companies to grow and helps people to lift themselves out of poverty.

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 all statements other than statements of historical fact.  Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company’s Form 10-Q for the quarter ended September 30, 2016, which was filed with the SEC on November 3, 2016, and any subsequent filings with the SEC.

Media Contact:
Mark Delcorps
Overstock.com, Inc.
+1 (801) 947-3564
pr@overstock.com

Investor Contact:
Mark Harden
Overstock.com, Inc.
+1 (801) 947-5409
ir@overstock.com

Source:  Overstock.com, Inc./globenewswire

t0 chosen to exhibit in the 2016 Innovators Pavilion at FIA Futures and Options Expo in Chicago on Oct. 18-20

SALT LAKE CIT, 2016-Oct-06 — /EPR Retail News/ — t0 announced that it is one of 18 companies chosen to exhibit in the 2016 Innovators Pavilion at the Futures Industry Association’s (FIA) Futures and Options Expo in Chicago on Oct. 18-20. Innovators Pavilion showcases startup companies providing forward-thinking solutions for the futures, options and cleared swaps industry.

Of the 18 exhibitors, five FIA Innovators will be chosen to take part in a Meet the Innovators competition in which each company will have five minutes to pitch its services to Expo attendees. Following the competition, a panel of judges will select one company as the FIA Innovator of the Year and award that firm a prize of cash and other resources valued at more than $20,000. t0 was selected from a competitive pool of applicants.

Jonathan Johnson, president of Medici Inc., the parent company of t0, expressed satisfaction at receiving external validation of the hard work going into the t0 product.

“We’re working overtime to achieve the blockchain equivalent of the moonshot,” said Johnson. “Having an organization of the stature of FIA recognize our work is a very meaningful accomplishment, for the entire group.”

“Progress in our industry is being driven by forward-thinking companies like t0,” said Rob Creamer, FIA board member and chairman of the FIA Principal Traders Group, who chaired the Innovators Pavilion selection committee. “Through Innovators Pavilion, FIA is forging networks between pioneering startups, a diverse community of market participants, and venture capitalists focused on fintech.”

With more than 5,000 people attending each year, the FIA Expo is the largest gathering of derivatives industry professionals in the world. Attendees include senior executives from brokerage firms, exchanges, trading firms and service providers, and the exhibit hall – where t0 will also be represented – typically attracts more than 100 firms as exhibitors.

Medici, Inc. is Overstock.com’s majority-owned financial technology subsidiary, focusing on applying blockchain technology to solving important financial transaction problems, particularly in the area of securities settlement. Overstock.com made financial history in June 2015 as the first public company to issue a private security using blockchain technology. In December 2015, the SEC declared parent company Overstock.com’s S-3 filing effective, giving Overstock.com the ability to issue blockchain shares in a public offering.

About t0.com
t0 (pronounced tee-zero) is a majority owned subsidiary of Overstock.com, focusing on the development and commercialization of financial technology (FinTech) based on cryptographically-secured, decentralized ledgers – more commonly known as blockchain technologies. Since its inception in October of 2014, t0.com has pioneered the effort to bring greater efficiency and transparency to capital markets through the integration of blockchain technology. More information is available at t0.com.

About Overstock.com
Overstock.com, Inc. (NASDAQ:OSTK) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, rugs, bedding, electronics, clothing, and jewelry. Worldstock.com is dedicated to selling artisan-crafted products from around the world whereas Main Street Revolution supports small-scale entrepreneurs in the U.S. by providing them a national customer base. Overstock has additional community-focused initiatives such as a Farmers Market and pet adoptions.  Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. Overstock sells internationally under the name O.co.  Overstock (http://www.overstock.com and http://www.o.co) regularly posts information about the company and other related matters under Investor Relations on its website.

About FIA
FIA is the leading global trade organization for the futures, options and centrally cleared derivatives markets, with offices in London, Singapore and Washington, D.C. FIA’s membership includes clearing firms, exchanges, clearinghouses, trading firms and commodities specialists from more than 48 countries as well as technology vendors, lawyers and other professionals serving the industry. FIA’s mission is to support open, transparent and competitive markets, protect and enhance the integrity of the financial system, and promote high standards of professional conduct. As the principal members of derivatives clearinghouses worldwide, FIA’s member firms play a critical role in the reduction of systemic risk in global financial markets.

For more information, contact Heather Vaughan at +1 202-466-5460.

O, Overstock.com, O.com, O.co, Club O, Main Street Revolution, Worldstock Fair Trade, Worldstock, and OVillage are registered trademarks. O.biz, Club O Dollars, and OGlobal are trademarks of Overstock.com, Inc. The Overstock.com, Club O, and Worldstock Fair Trade logos are also registered trademarks of Overstock.com, Inc. Other service marks, trademarks and trade names which may be referred to herein 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 all statements other than statements of historical fact.  Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company’s Form 10-K for the quarter ended December 31, 2015, which was filed with the SEC on March 8, 2016, and any subsequent filings with the SEC.

Overstock.com, Inc. has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the applicable prospectus supplement for any securities offered pursuant to the registration statement, and other documents that Overstock.com, Inc. has filed or files in the future with the SEC for more complete information about Overstock.com, Inc. and the offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, Overstock.com, Inc. will arrange to send you the prospectus if you request it by calling 1-801-947-5409.

Media Contact:
Judd Bagley
t0.com
(801) 947-5352
jbagley@t0.com

Source: tO

Keystone Capital Corporation selects t0’s blockchain-based trading technology

SALT LAKE CITY, 2016-Sep-16 — /EPR Retail News/ — t0 announced that Keystone Capital Corporation, a securities broker dealer located in San Diego, Calif., has selected t0’s blockchain-based trading technology as part of its brokerage service’s support of a blockchain preferred share offering from Overstock.com, Inc.

It’s no secret that Overstock’s own financial technology subsidiary, t0, has been working on a blockchain version of Wall Street, and that Overstock desires to demonstrate its system by issuing a security of its own on the technology it is creating. Keystone Capital has aligned with us in this historic effort,” said Overstock.com CEO Patrick M. Byrne. Overstock.com (NASDAQ:OSTK) is the parent company of t0.

Under the license agreement with t0, Keystone Capital will provide brokerage services for market participants seeking to trade blockchain securities.  t0 technology will allow investors to create digital trading accounts with Keystone upon commencement of Overstock’s issuance subscription period, to be announced.

“Keystone Capital is a visionary company that grasped immediately the importance of the revolutionary technology we’ve built,” said Jonathan Johnson, chairman of Overstock.com’s board of directors and president of the company’s Medici cryptotechnology subsidiary. “It’s been a pleasure working with such a forward-leaning firm.”

For its part, Keystone Capital found the opportunity to participate in the world’s first blockchain-based public equities issuance to be an important step.

“We are very excited to be a part of this cutting-edge opportunity.  Everyone speaks about using blockchain technology, but very few are actually making it happen. We are also thoroughly enjoying working with such a talented group of technologists on the t0 team,” said Steven Capozza of Keystone Capital.

Medici, Inc. is Overstock.com’s majority-owned financial technology subsidiary, focusing on applying blockchain technology to solving important financial transaction problems, particularly in the area of securities settlement. Overstock.com made financial history in June 2015, as the first public company to issue a private security using blockchain technology. In December 2015, the SEC declared parent company, Overstock.com’s S-3 filing effective, giving Overstock.com the ability to issue blockchain shares in a public offering.

The securities described above will be offered by Overstock pursuant to a shelf registration statement on Form S-3, as amended, previously filed with and declared effective by the United States Securities and Exchange Commission (SEC). A prospectus supplement related to the offering will be filed with the SEC.  This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About t0.com
t0 (pronounced tee-zero) is a majority owned subsidiary of Overstock.com, focusing on the development and commercialization of financial technology (FinTech) based on cryptographically-secured, decentralized ledgers – more commonly known as blockchain technologies. Since its inception in October of 2014, t0.com has pioneered the effort to bring greater efficiency and transparency to capital markets through the integration of blockchain technology. More information is available at t0.com.

About Overstock.com
Overstock.com, Inc. (NASDAQ:OSTK) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, rugs, bedding, electronics, clothing, and jewelry. Worldstock.com is dedicated to selling artisan-crafted products from around the world whereas Main Street Revolution supports small-scale entrepreneurs in the U.S. by providing them a national customer base. Overstock has additional community-focused initiatives such as a Farmers Market and pet adoptions.  Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. Overstock sells internationally under the name O.co.  Overstock (http://www.overstock.com and http://www.o.co) regularly posts information about the company and other related matters under Investor Relations on its website.

About Keystone Capital Corporation
Keystone Capital Corporation is an independent broker-dealer located in San Diego, California. For more than thirty years Keystone has been home to top industry professionals. Keystone conducts business by combining old-school business philosophies with superior technology and resources.  Keystone (www.kccbd.com) is a Member of FINRA, SIPC and Registered with The MSRB.  Check the background of this firm at www.finra.org/brokercheck.

O, Overstock.com, O.com, O.co, Club O, Main Street Revolution, Worldstock Fair Trade, Worldstock, and OVillage are registered trademarks. O.biz, Club O Dollars, and OGlobal are trademarks of Overstock.com, Inc. The Overstock.com, Club O, and Worldstock Fair Trade logos are also registered trademarks of Overstock.com, Inc. Other service marks, trademarks and trade names which may be referred to herein 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 all statements other than statements of historical fact.  Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company’s Form 10-K for the quarter ended December 31, 2015, which was filed with the SEC on March 8, 2016, and any subsequent filings with the SEC.

Overstock.com, Inc. has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the applicable prospectus supplement for any securities offered pursuant to the registration statement, and other documents that Overstock.com, Inc. has filed or files in the future with the SEC for more complete information about Overstock.com, Inc. and the offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, Overstock.com, Inc. will arrange to send you the prospectus if you request it by calling 1-801-947-5409.

Media Contact:
Judd Bagley
t0.com
+1 (801) 947-5352
jbagley@t0.com

Source: Overstock.com, Inc./globenewswire

Overstock.com’s General Counsel and Senior VP Mitch Edwards appointed to the role of acting CEO

Decision Comes After Company Founder Dr. Patrick M. Byrne Announces Medical Leave of Absence

SALT LAKE CITY, 2016-Apr-15 — /EPR Retail News/ — The Overstock.com, Inc. (NASDAQ:OSTK) board of directors has appointed the company’s General Counsel and Senior Vice President Mitch Edwards to the role of acting CEO, effective immediately.  This appointment comes after company founder Dr. Patrick M. Byrne announced his decision to take a medical leave of absence.

“The board of directors is confident that Mitch is the right choice to continue the growth of the company,” said Overstock.com Chairman of the Board Jonathan Johnson. “His past experience and ability to lead the existing management team makes him ideally suited for the role of acting CEO.”

Byrne had recommended that the board of directors appoint Edwards as his successor, citing his experience as “an outstanding full-spectrum entrepreneur,” along with his understanding of both Overstock.com’s core businesses and blockchain-based crypto initiatives.

A veteran in the digital and high-tech corporate environment, Edwards was named senior vice president and general counsel of Overstock.com in August 2015. Prior to Overstock.com, Edwards served as the CFO & general counsel of BitTorrent Inc., where he spearheaded international acquisitions, Razer Inc., where he oversaw global expansion, and Skullcandy Inc., where he lead the company’s IPO, key acquisitions, and international growth.

Edwards started his career as a mergers and acquisitions and corporate securities lawyer at Shearman & Sterling in New York and San Francisco, was a Partner at Brobeck, Phleger & Harrison in Los Angeles, and has also worked at the White House and the United States Supreme Court. He received his undergraduate degree fromBrigham Young University, international business and law degrees from Oxford University as a Marshall Scholar, and a law degree fromStanford Law School.

About Overstock.com
Overstock.com, Inc. (NASDAQ:OSTK) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, rugs, bedding, electronics, clothing, and jewelry. Additional stores within Overstock includeWorldstock.com, dedicated to selling artisan-crafted products to help developing nations around the world and Main Street Revolution, supporting small-scale entrepreneurs in the U.S. by providing them with a national customer base. Other community-focused initiatives include Farmers Market and pet adoptions.  Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. Overstock sells internationally under the name O.co and regularly posts information about the company and other related matters under Investor Relations on its website (http://www.overstock.com and http://www.o.co)

O, Overstock.com, O.com, O.co, Club O, Main Street Revolution, Worldstock and OVillage are registered trademarks of Overstock.com, Inc.  O.biz and Space Shift are also trademarks of Overstock.com, Inc.  Other service marks, trademarks and trade names which may be referred to herein 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 all statements other than statements of historical fact.  Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company’s Form 10-K for the year ended December 31, 2015, which was filed with the SEC on March 8, 2016, and any subsequent filings with the SEC.

Media Contact:
Mark Delcorps, Overstock.com, Inc.
+1 (801) 947-3564
pr@overstock.com

Investor Contact:
Mark Harden, Overstock.com, Inc.
+1 (801) 947-5409
ir@overstock.com

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Overstock.com's General Counsel and Senior VP Mitch Edwards appointed to the role of acting CEO

Overstock.com’s General Counsel and Senior VP Mitch Edwards appointed to the role of acting CEO