News Release

Verizon Wireless Get It Now Customers Can Bargain Shop Virtually Anytime, Anywhere with Overstock.com Daily Deals

Save up to 80% on Merchandise from Manufacturers Such as Sony, JVC, Nike, Krups, Hewlett Packard, Fuji, Movado, Bissell, Samsonite, Helly Hansen and More

March 23, 2004

Jeffrey Nelson
Jeffrey.Nelson@VerizonWireless.com
908-306-4824

Scott Blevins
Overstock.com, Inc.
SBlevins@overstock.com
801-947-3133

ATLANTA, BEDMINSTER, NJ and SALT LAKE CITY — Verizon Wireless, the nation's leading wireless provider, and Overstock.com®, an online discount retailer, today unveiled Overstock.com Daily DealsSM for Verizon Wireless Get It Now® customers. Developed by mRocket, Overstock.com Daily Deals delivers exclusive bargains on brand-name merchandise directly to Verizon Wireless customers' phones.

Each day, Overstock.com selects superb deals from its vast inventory, further reduces their prices, and makes them available to subscribers via their Verizon Wireless Get It Now-enabled wireless phones. Every Daily Deal category includes a product picture and description, enabling subscribers to view and learn about the product before they make their purchase, and a simple method of purchasing the product. Today, Overstock.com Daily Deals enables users to complete their purchase with an Overstock representative — beginning later this year, the application will allow customers to complete the purchase on their Verizon Wireless Get It Now-enabled phones and receive shipments right to their doors. Daily Deal product categories include exclusive offers in Apparel & More, Entertainment, Electronics, Home & Garden, Jewelry & More, Sports & Toys and Handmade Goods.

"Wireless phones aren't simply for communicating anymore," said Jonathon Johnson, vice president of special projects of Overstock.com. "With Overstock.com Daily Deals on Get It Now, Verizon Wireless customers have the freedom to securely shop for bargains virtually wherever and whenever they please."

"Overstock.com Daily Deals is an ideal service for our subscribers who value convenience and savings while on the go," said Ray Taylor, executive director of consumer multimedia services for Verizon Wireless. "It's a good example of the kinds of lifestyle services Verizon Wireless offers our Get It Now customers."

Overstock.com Daily Deals is available in the getGOING virtual shopping aisle on select Get It Now-enabled phones, including the LG VX4400 and Samsung SCH-a530. Verizon Wireless Get It Now customers can download Overstock.com Daily Deals for $1.99 monthly access. Download charges for Get It Now applications vary and airtime charges apply when browsing, downloading and using certain applications.

Verizon Wireless products and services are available in more than 1,200 Verizon Wireless Communications Stores, at participating Circuit City and RadioShack locations and on the Web at www.verizonwireless.com. For more information on Get It Now, visit www.verizonwireless.com/getitnow.  

About Verizon Wireless
Verizon Wireless is the nation's leading provider of wireless communications. The company has the largest nationwide wireless voice and data network and 37.5 million customers. Headquartered in Bedminster, NJ, Verizon Wireless is a joint venture of Verizon Communications (NYSE:VZ) and Vodafone (NYSE and LSE: VOD). Find more information on the Web at www.verizonwireless.com.  To receive broadcast-quality video footage of Verizon Wireless operations, log onto www.thenewsmarket.com/verizonwireless.  

About Get It Now
Get It Now from Verizon Wireless puts a virtual software store inside a wireless phone. Customers with Get It Now-capable phones can download applications over the air and purchase them from their phones. getTXT, getIM and getEMAIL help customers stay in touch and communicate with others. getGAMES keeps customers entertained, while getGOING applications, made for today's mobile lifestyle, offers restaurant location services with maps, directions and more. View and share digital photos with getPIX, check out Web cams with getFLIX or identify incoming callers by assigning a unique ring with getTONES. getALERTS keeps customers informed while getBROWSING lets them access the Web from their wireless phone.

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 is a publicly traded company listed on the NASDAQ National Market System, headquartered in Salt Lake City, and can be found online at www.overstock.com.  

Overstock.com is a registered trademark, and Overstock.com Daily Deals is a service mark of Overstock.com, Inc. Get It Now is a registered trademark of Verizon Wireless. All other trademarks are the property of their respective companies.

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 savings offered to subscribers and availability of future versions. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, but not limited to, our limited operating history, our ability to manage growth, a general downturn in economic conditions, and such other risks as identified in our Prospectus dated May 29, 2002, filed with the Securities and Exchange Commission and all subsequent filings with the Securities and Exchange Commission, including our Form 10- K for the year ended December 31, 2002, and our Prospectus dated February 12, 2003, 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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