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Worldstock to Celebrate 9th Anniversary by Awarding a 10-Day Trip to Malawi, Africa

Giveaway to run through Sept. 14

Submitted by: Overstock.com

Categories: Fair Trade & Supply Chain, Events

Posted: Sep 07, 2010 – 09:30 AM EST

 

SALT LAKE CITY, Sep. 07 /CSRwire/ - /PRNewswire/ - Overstock.com, Inc. (Nasdaq: OSTK) today announced a grand prize trip to Malawi, Africa will be awarded as part of Worldstock's Nine Year Anniversary Giveaway. The 10-day, all-expenses-paid trip for two will be awarded on September 17, 2010, by a random drawing from all giveaway entries. To enter visit www.overstock.com/worldstock-anniversary.

"Worldstock is a department within Overstock.com devoted to fair trade with artisans in over 50 countries," said Overstock.com chairman and CEO Patrick Byrne. "Worldstock's mission is to create sustainable livelihoods for artisans around the world by leveraging the internet to introduce their good to the U.S. market. Goods on Worldstock are priced as inexpensively as possible so as to drive demand and spread the model to as many people as possible. Worldstock distinguishes itself from competitors by returning 60 to 70 percent of the sales price to its suppliers. We have established contacts in over 52 countries creating employment opportunities for approximately 10,000 artisans around the world. In 2010, Worldstock passed the $55 million mark in payments made to artisans and the groups that represent them."

The grand prize winner will have the opportunity to assist in building a local school which is funded by Worldstock's operations. Other activities for the winner include meeting with local Worldstock artisans and visiting African entrepreneurs and the Malawi Children's Village orphanage. Daily prizes will include $100 Worldstock gift cards.

Each day of the giveaway, a new question about Worldstock will be posted on the giveaway's contest page. Participants will search within the Worldstock store to find the answer. Qualifying entries will be eligible for the giveaway's daily and grand prize drawings. To qualify, participants must complete all required fields of the entry form and have the correct answer to that day's question. Participants may enter each day of the giveaway, scheduled to run through September 10, 2010, no purchase necessary.

Daily winners for $100 gift cards will be selected in random drawings held each day from among the entries made on that day. The grand prize winner will be selected from all entries submitted during the giveaway. In addition, customers can enter to win daily drawings for Worldstock product packages on both Twitter and Facebook. For more details on how to enter, and to follow Worldstock go to http://www.facebook.com/pages/Worldstock/152312494783792?ref=ts and www.twitter.com/worldstock.

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® 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 the duration and timing of the giveaway and the percent of Worldstock sales that go to artisans. Our Form 10-K for the year ended December 31, 2009, 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.

For more information, please contact:

Roger Johnson Media, Overstock.com, Inc.
Phone: +1-801-947-4430
Kevin Moon Investors, Overstock.com, Inc.
Phone: +1-801-947-3282

 

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