Georgeson Inc. to act as information agent in Overstock’s upcoming public offering of digital securities

COPENHAGEN, Denmark, 2016-Apr-11 — /EPR Retail News/ — Overstock.com, Inc. (NASDAQ:OSTK) announced that it has entered into an agreement with Georgeson Inc. to act as information agent in Overstock’s upcoming public offering of digital securities, which is believed to be the first public offering of securities to be recorded to a distributed blockchain ledger. Georgeson is the world’s foremost provider of shareholder intelligence, communications and proxy services.

Overstock.com CEO Patrick M. Byrne made the announcement during a keynote address at Money 20/20 Europe, after outlining the benefits of securities settlement on a distributed ledger. Overstock’s FinTech subsidiary, t0, is at the leading edge in utilizing blockchain technology in capital markets, and securities issued in Overstock’s offering will trade on t0’s alternative trading platform.

“Another piece of the puzzle has fallen into place in our effort to revolutionize the financial world,” said Byrne. “With Georgeson involved in this first-ever public offering of blockchain securities, participating shareholders will be able to utilize the excellent information agent services provided by Georgeson in the context of rights and public securities offerings.”

Paul Conn, president of the Global Capital Markets Group at Georgeson’s parent company Computershare Limited said, “We’re delighted to be working with Overstock.com and with t0 on this groundbreaking transaction.”

Overstock.com made financial history in June of 2015 as the first public company to issue a private security using blockchain technology. In December of 2015, the SEC declared parent company Overstock.com’s S-3 filing effective, giving Overstock.com the ability to issue digital shares in a public offering on a distributed ledger, such as the platform developed by t0.

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.

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.

Media Contact:
Judd Bagley, Overstock.com, Inc.
+1 (801) 947-5352
pr@overstock.com

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

Overstock.com, Inc.

Enjoy additional savings on affordable gifts and avoid crowds, with convenient online shopping and free shipping on orders over $149

AmericanBridal.com, the Internet’s most expansive collection of unique and affordable wedding favors, announced today that selected overstock gifts and favors are reduced for additional savings this holiday season. Free monogramming or engraving are offered with many of the gift items, at no additional charge, adding a unique personal elegance to wedding party and holiday gift-giving.

“The holidays can be hard on the wallet, and even more challenging during tough economic times, however, savvy shoppers can still find ways to give memorable gifts without going over budget,” said Shirley Tan, chief executive officer, AmericanBridal.com. “Recognizing the need for affordable gift items this year, we have reduced prices on selected overstock gift items for wedding party, holiday or any occasion gift giving.”

Gifts for the bride-to-be or bridal party include jewelry to be worn on the wedding day, monogrammed purses, cosmetic bags and tote bags. Bridal garter sets or bejeweled hair sticks for the wedding day later become special keepsakes to commemorate the special day. An assortment of compact mirrors to suit each member of the bridal party, can be monogrammed with names and wedding date, for a special gesture of appreciation.

Holiday gifts for the groom or groomsmen range from the practical to posh. The embroidered cooler chair makes a great gift for outdoorsmen or sports fans. Because caps are a staple in many a guy’s wardrobe, the personalized baseball cap and bottle opener gets rave reviews from beachgoers. Gifts for the cigar aficionado include engraved silver-plated cigar cutter or satin cigar holder. Gentlemen who prefer a polished look will appreciate personalized cufflinks, pocket watch, business card holder or money clip in a variety of styles.

His and hers gifts include monogrammed golf towels, tee, divot tool and golf ball set, silver-plated or pink flasks and unisex embroidered waffle weave kimono robes. Personalized sports duffel bags come in either grey or pink for the bridal party or groomsmen. A modern personalized pull-up corkscrew or BlindWine wine-tasting game are the ideal gifts for wine lovers. Throw in a personalized padded wine cooler or personalized insulated Milan picnic tote for a perfect epicurean outing al fresco.

To receive these additional saving, please use the coupon codes “clearance60, bagsale60 or overstock30” at checkout. Free shipping is included on orders over $149.

AmericanBridal.com offers the most extensive collection of wedding favors and accessories such as party favors, wedding invitations, personalized gifts, wedding ideas, wedding flowers, cake toppers, thank you cards, wedding guest favors, bridal shower favors, bridal shower ideas, wedding jewelry, wedding decorations, wedding centerpieces, bridal shower games, wedding programs, bridal jewelry, bridal shower invitations, place cards, usher gifts, wedding albums, wedding announcements, favor boxes, unity candle, wedding anniversary gift, wedding checklist, wedding bells, wedding napkins, wedding veils and much more.

About AmericanBridal.com
AmericanBridal.com is the online source for unique and affordable wedding favors and accessories. For every theme or season, AmericanBridal.com has the most extensive selection of products that are guaranteed to make any wedding an unforgettable event for the bride and groom and their guests. From fun and unusual to traditional and elegant, Americanbridal.com specializes in personalized wedding favors, attendant gifts, wedding ceremony accessories, unique bridesmaids gifts and groomsmen gifts, bridal accessories and jewelry, and themed wedding favors. AmericanBridal.com offers the selection of a showroom with the convenience of online shopping and superior customer service at prices that can’t be beat. For more information, please visit us at www.AmericanBridal.com.

Via EPR Network
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