Verizon Wireless Mobile Web 2.0 Customers Can Bargain Shop Virtually Anywhere, Anytime With 'Mobile O' From Overstock.com

BEDMINSTER, NJ and SALT LAKE CITY — Overstock.com® (Nasdaq: OSTK) today unveiled a new mobile commerce application called Mobile O^TM that lets Mobile Web 2.0^SM customers of Verizon Wireless, the nation's leading wireless service provider, browse and shop the entire Overstock.com Web site right from their wireless phones. Mobile O was designed, developed and deployed by mRocket Inc., a leading mobile commerce solutions provider, using its patent-pending technology.

Millions of savvy shoppers go online to Overstock.com to find the best prices on everything they buy. The website offers a vast selection of brand-name products, including apparel, accessories, jewelry, watches, sporting goods, consumer electronics, furniture, bedding, travel, books, DVDs and much more, at savings of up to 70% below retail prices.

With Mobile O, Verizon Wireless Mobile Web 2.0 customers can search, browse, and make purchases on Overstock.com from their Mobile Web 2.0-enabled handset. And because Mobile O uses SSL technology, customers can be confident that their transactions are secure.

"With Mobile O now available to Verizon Wireless Mobile Web 2.0 customers, Overstock.com is able to further extend its wireless commerce offering beyond the previously launched Overstock.com Daily Deals application," said Patrick Byrne, president of Overstock.com. "While Overstock.com Daily Deals delivers exclusive deals each day directly to subscribers' wireless handsets, Mobile O opens up our entire Web site to Mobile Web 2.0 customers in a format that is easy to view and use. Whether shoppers go to the Overstock.com website or use one of our wireless commerce offerings to purchase products, they'll know they're saving time and money."

Verizon Wireless Mobile Web 2.0 can be self-provisioned, eliminating the need for customers to call customer service or visit a Verizon Wireless Communication Store to sign up for the service. Customers simply register for Mobile Web 2.0 on their Mobile Web-capable handset and get access to information and content right from their wireless handsets. Mobile Web 2.0 is available for $5.00 monthly access, plus airtime.

For more information about Verizon Wireless products and services, visit a Verizon Wireless Communications Store, call 1-800-2 JOIN IN or go to http://www.verizonwireless.com.

About Verizon Wireless
Verizon Wireless owns and operates the nation's most reliable wirelessnetwork, serving 49.3 million voice and data customers. Headquartered inBedminster, NJ, Verizon Wireless is a joint venture of Verizon Communications(NYSE: VZ) and Vodafone (NYSE and LSE: VOD). Find more information on the Webat http://www.verizonwireless.com. To preview and request broadcast-quality videofootage and high-resolution stills of Verizon Wireless operations, log on tothe Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.

About Overstock.com
Overstock.com, Inc. is an online "closeout" retailer offering discount, brand-name merchandise for sale over the Internet. The company offers its customers an opportunity to shop for bargains conveniently, while offering its suppliers an alternative inventory liquidation distribution channel. Overstock.com, headquartered in Salt Lake City, is a publicly traded company listed on the NASDAQ National Market System and can be found online at http://www.overstock.com.

Overstock.com is a registered trademark, and Overstock.com Daily Deals and Mobile O are trademarks, of Overstock.com, Inc. All other trademarks are the property of their respective companies.

This press release contains certain forward-looking statements with in 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 ease of use, the potential of mobile commerce, discounts offered, product categories offered, and such other risks as identified in our Form 10-K for the year ended December 31, 2004, and all our subsequent filings with the Securities and Exchange Commission, which contain and identify important factors that could cause the actual results to differ materially from those contained in our projections or forward-looking statements.

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