Auctionbytes-NewsFlash, Number 8 - August 29, 2003 - ISSN

Overstock.com announced that Jason Lindsey has resigned as president and CFO due to personal reasons. Lindsey will remain with Overstock.com in a limited role. Patrick Byrne, the company's chairman and CEO, will reassume the role of president. David Chidester, Overstock.com's controller, will serve as acting CFO.

Analyst William Lennan, Jr. of WR Hambrecht said rumor of an eBay takeover of Overstock "seems a bit far-fetched."

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.

http://www.overstock.com