IM Ingram Micro Inc. (delisted)

SALT LAKE CITY, Dec. 12 /PRNewswire-FirstCall/ -- Overstock.com(R) (NASDAQ:OSTK) today announced it will expand its technology business product line available via a customer relationship with Ingram Micro Inc. (NYSE:IM), the world's largest technology distributor. This new relationship will provide a direct avenue for the distributor and technology manufacturers to remediate their excess, obsolete and end-of-life inventory through Overstock.com. (Logo: http://www.newscom.com/cgi-bin/prnh/20030520/LATU020LOGO-a) As part of the agreement, Overstock.com will have access to a broader portfolio of technology products to offer through its Web site, primarily focused on consumer electronics and retail-focused product lines, as well as select products traditionally offered through corporate computer dealers. "Overstock.com has established itself as a household name in the online retail industry and we are pleased to be joining with them to help expand their technology offering," said Tim Billing, vice president, retail sales, Ingram Micro North America. "As product cycles accelerate and the speed of innovation drives earlier product obsolescence, the tremendous need of what to do with end-of-life type inventory grows. This relationship is a great solution." "We are pleased to be working with the world's largest technology distributor, as Ingram Micro's technology and service solutions are second to none in the industry," said Patrick Byrne, president, Overstock.com. "This relationship will enable us to provide a more comprehensive IT product line, giving customers more products and brands from which to choose in today's competitive market." Overstock.com offers a vast selection of brand name merchandise across several product categories including apparel, accessories, jewelry, watches, sporting goods, consumer electronics, housewares, furniture, bedding, travel, books, DVDs and more, all at discounts of up to 70 percent off retail prices. The combination of low prices, quality products, and 24-hour live customer service has made Overstock.com a favorite shopping destination among savvy consumers and businesses. In fact, according to Hitwise, Overstock.com is now the fifth most visited online "department store" in the United States. 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/. About Ingram Micro As a vital link in the technology value chain, Ingram Micro creates sales and profitability opportunities for vendors and resellers through unique marketing programs, outsourced logistics services, technical support, financial services, and product aggregation and distribution. The company serves 100 countries and is the only global IT distributor with operations in Asia. Visit http://www.ingrammicro.com/. Ingram Micro and the registered Ingram Micro logo are trademarks used under license by Ingram Micro Inc. Overstock.com is a registered trademark of Overstock.com, Inc. 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 products offered, increased selection, the timeframe in which Ingram Micro will begin selling products on Overstock.com, the savings 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. http://www.newscom.com/cgi-bin/prnh/20030520/LATU020LOGO-a http://photoarchive.ap.org/ DATASOURCE: Overstock.com CONTACT: Media, Scott Blevins, +1-801-947-3133, , or investors, Kevin Moon, +1-801-947-3282, , both of Overstock.com, Inc.; or media, Chris Kelly of Ingram Micro, Inc., +1-714-382-3355, Web site: http://www.ingrammicro.com/ http://www.overstock.com/

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