Overstock.com Wins Gold Stevie® Award for Company of the Year; CEO Patrick M. Byrne Wins Executive of the Year

SALT LAKE CITY, June 20, 2012 /PRNewswire/ -- Overstock.com, Inc. (NASDAQ: OSTK), today announced it has won a Gold Stevie Award for Company of the Year-Retail and its CEO, Patrick M. Byrne has won Executive of the Year-Retail. Winners were announced at the 10th Annual American Business Awards held on Monday, June 18.

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Overstock.com's Worldstock Fair Trade Department was a silver award winner in the Corporate Social Responsibility Program of the Year-Up to 2,500 Employees. Overstock.com's Stormy Simon, senior vice president of customer care, was a bronze winner in the Customer Service Executive of the Year category. In 2011, Overstock.com was awarded Best Overall Company of the Year with Byrne Winning Executive of the Year.

"I thank and applaud all my colleagues on this great achievement again this year," Byrne said. "Of course, these company awards can only be achieved by their hard work. This is a great accomplishment for my colleagues at Overstock.com."

Stevie Award winners were selected by more than 270 executives nationwide who participated in the judging process this year. More than 3,000 nominations from organizations of all sizes and in virtually every industry were submitted.

"We're delighted that our American Business Awards banquet honored so many deserving organizations and executives," said Michael Gallagher, president and founder of the Stevie Awards. "It's gratifying and inspiring to have received so many remarkable entries for this year's competition."

In addition to recognition from the American Business Awards, Overstock.com has received numerous other awards over the years. For the 6th year in a row, it ranked in the top four in customer service among all U.S. retailers, according to rankings published in the 2012 NRF Foundation/American Express. The industry groups Gartner and 1to1 awarded Overstock.com the #1 in customer service ranking in 2008. Forbes reported that Overstock.com was ranked #1 for employee satisfaction in the entire U.S. retail industry, and U.S. News reported that Overstock.com is the 9th best place to work among all corporations in the United States.

About the Stevie Awards
Nicknamed the Stevies for the Greek word for "crowned," the trophies were presented to honorees during a gala banquet in New York. More than 500 nominees and their guests attended. Stevie Awards honor organizations of all types and sizes and the people behind them, recognizing outstanding performances in the workplace worldwide. The American Business Awards are the nation's premier business awards program. All organizations operating in the U.S.A. are eligible to submit nominations – public and private, for-profit and non-profit, large and small. Details about The American Business Awards and the lists of Stevie Award winners are available at www.stevieawards.com/aba.

About Overstock.com
Overstock.com is a technology-based retail company offering customers a wide variety of high-quality products, at great value, with superior customer service. The company provides its customers with the opportunity to shop for bargains by offering suppliers an alternative inventory distribution channel. Headquartered in Salt Lake City, Overstock.com is a publicly traded company listed on the NASDAQ Global Market System and can be found online at http://www.overstock.com and http://www.o.co. Overstock.com regularly posts information about the company and other related matters on its website under the heading "Investor Relations."

Overstock.com®, O.co®, Worldstock Fair Trade® and Club O Rewards® are registered trademarks of Overstock.com, Inc.   O.info™, Club O™, and Club O Rewards Dollars™ and Your Savings Engine™ are trademarks of Overstock.com, Inc. All other trademarks are the property of their respective owners.

SOURCE Overstock.com