Overstock.com partners with Priceline on new travel website O.co Travel
SALT LAKE CITY, Utah
January 4, 2012
– Overstock.com Inc. (NASDAQ: OSTK), today announced that it has selected the Priceline Partner Network, which is a business unit of priceline.com (Nasdaq: PCLN), to power Overstock's new travel website, called O.co Travel.
O.co Travel customers will have access to a robust collection of travel services from the Priceline Partner Network, including:
Priceline's Name Your Own Price® travel services that can deliver savings of up to 60% off hotel rooms, up to 40% off flightsup to 40% off rental cars;
The ability to book published-price hotel rooms through thousands of quality chainindependent hotels around the world. O.co Travel customers also will have access to Priceline's extensive database of hotel freebies, including instant discounts, free breakfast, free Internet access,more;
The ability to book rental car reservations worldwide. O.co Travel will also support rental car company discount codes;
Airline ticketing with almost all major airlines through priceline.com. This service includes seat mapping, the ability to book different classes of seats,it supports airline frequent flier numbers,
A broad lineup of money-saving air & hotel vacation packages. When airhotel are booked together, customers can save up to $500 compared to booking separately.
"Our partnership with priceline.com allows us to offer customers an in-depth travel site," said Overstock.com President Jonathan Johnson. "We constant receive customer feedbacktailor our offerings to these customer preferences. With Priceline's lineup of travel services, including Name Your Own Price, our customers can be sure they're getting the best travel deals available on the Internet today."
"Overstock.com has built a brand that's known for saving consumers money across a broad spectrum of products," said Randy Schartner, President of the Priceline Partner Network. "We believe that Priceline's broad array of travel services, which are also focused on delivering savings, will fit well with Overstock.com's productsmission. We look forward to working with them."
Overstock.com is Your Savings Engine offering brand-name products. 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 Systemcan be found online at . Overstock.com regularly posts information about the companyother related matters on its website under the heading "Investor Relations."
About The Priceline Partner Network
is the private-label distribution channel for priceline.com travel services. Working behind the scenes, PPN powers travel websites for a spectrum of affinity groups, airlineshotel management firmschains. PPN believes that it offers the most customizable private-label travel affiliate program on the market today. PPN's private-label services include hotels, flights, rental cars, flight & hotel packages,priceline.com's famous Name Your Own Price travel services for hotels, airline ticketsrental cars.
About The Priceline Group
The Priceline Group (Nasdaq: PCLN) is a leader in global online hotel reservations, with over 200,000 participating hotels worldwide. The Group is composed of four primary brands - Booking.com, priceline.com, Agoda.comTravelJigsaw -several ancillary brands. The Priceline Group provides online travel services in over 140 countries in Europe, North America, South America, the Asia-Pacificregion, the Middle EastAfrica.
Booking.com is the number one online hotel reservation service in the world, offering over 170,000 hotels (as of November 7, 2011),is available in 41 languages. More recent hotel counts are available on the Booking.com website. Priceline.com gives leisure travelers multiple ways to save on their airline tickets, hotel rooms, rental cars, vacation packagescruises. In addition to getting compelling published prices, travelers can take advantage of priceline.com's famous Name Your Own Price® service, which can deliver the lowest prices available. Agoda.com is an Asia-based online hotel reservation service that is available in 37 languages. TravelJigsaw is a multinational car hire service, offering its reservation services in over 4,000 locations. Customer support is provided in 29 languages.
Overstock.com®O.co®Club O Rewards® are registered trademarks of Overstock.com, Inc. Club O™,Club O Rewards Dollars™Your Savings Engine™are trademarks of Overstock.com, Inc.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include, but are not limited to, statements regarding numbertype of travel services offeredthe qualityprice of the services. Our Form 10-K for the year ended December 31, 2010, our subsequent quarterly reports on Form 10-Q, or any amendments thereto,our other subsequent filings with the SecuritiesExchange Commission identify important factors that could cause our actual results to differ materially from those contained in our projections, estimates or forward-looking statements.