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

Overstock.com, Inc. discontinues sales of self-balancing electric scooters “hover board” due to growing safety concerns

Concern for Customer Safety Prompts Removal of Products From Website

SALT LAKE CITY, 2015-12-14 — /EPR Retail News/ — Due to growing safety concerns around “hover board” self-balancing electric scooters, Overstock.com, Inc. (NASDAQ:OSTK) has made the decision to discontinue selling these items, effective immediately.

“Customer safety is always our top priority,” said Overstock.com General Counsel and Senior Vice President Mitch Edwards. “With the continued emergence of news reports highlighting safety concerns with ‘hover board’ self-balancing electric scooters, we have made the decision to remove all similar products from our website as a precautionary measure.”

To further emphasize the company’s commitment to customer safety, Overstock.com has individually contacted customers who have purchased a “hover board” self-balancing electric scooter. They have been offered the option to return the item for a full refund if a return is initiated within two weeks of the notice, or within two weeks of product delivery, whichever comes first.

“We will continue to take every measure as this situation unfolds,” said Edwards. “Overstock.com has always, and will always put the safety of our customers first.”

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 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. Forbesranked 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.

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-Q for the quarter ended September 30, 2015, which was filed with the SEC on November 9, 2015, and any subsequent filings with the SEC.

CONTACT:

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
mharden@overstock.com

SOURCE: Overstock.com, Inc.