VIP Tickets to Jennifer Lopez's Red Carpet Opening & Samples From Her First Sweetface Fashion Show Up for Auction at Overstock.com

VIP Tickets to Jennifer Lopez's Red Carpet Opening & Samples From Her First Sweetface Fashion Show Up for Auction at Overstock.com

Proceeds Benefit Children's Hospital of Los Angeles

SALT LAKE CITY, Aug. 24 /PRNewswire-FirstCall/ -- For anyone who has ever wanted to get up close and personal with a major celebrity, JLO by Jennifer Lopez is auctioning off two VIP tickets to the opening of Lopez's first U.S. Marshall Field's boutique, along with samples from her first Sweetface fashion show. The 7-day auction benefiting the Children's Hospital of Los Angeles starts tomorrow at noon Mountain Time at Overstock.com(R) Auctions(TM) (NASDAQ:OSTK) (http://auctions.overstock.com/jenniferlopez), the exclusive, official auction site of Jennifer Lopez.

(Logo: http://www.newscom.com/cgi-bin/prnh/20030520/LATU020LOGO-a)
(Photo: http://www.newscom.com/cgi-bin/prnh/20050824/LAW002)

Lopez is launching her first JLO boutique in the United States at Marshall Field's Chicago store on September 22, 2005. The VIP tickets up for auction cover entry into the soiree and premiere seating at the store's fashion show, giving two lucky fans an intimate view of Lopez and the potential chance of meeting her in person. Lopez's fashion company will also provide $1,000 (USD) toward travel accommodations.

Fans and fashionistas around the world can also bid on a variety of samples from Lopez's fall '05 Sweetface collection that closed New York's Olympus Fashion Week in February. The samples include very sexy, very hot designs, such as an olive green fur-trimmed poncho, brown knit short-shorts, an off-the-shoulder pom pom sweater and four-inch, studded suede heels.

Winning bidders will be invited to join Lopez's personal auction network on Overstock.com and will also receive a personal email from her congratulating them on their purchase.

"Jennifer Lopez is one of the most recognizable celebrities on the planet," said Holly MacDonald-Korth, senior vice president at Overstock.com. "She has millions of fans, and we expect a lot of them will jump at the chance to go to her VIP party or to own one of her first designs. It will be the ultimate experience for fans and fashion lovers."

About Overstock.com Auctions

Overstock.com Auctions is an online community of auction buyers and sellers connected through their personal and business networks. It offers 30% lower fees, volume discounts and a simple listing process for sellers; for buyers, it provides a trusted community of auction users. Overstock.com Auctions can be found at http://auctions.overstock.com/.

About Overstock.com, Inc.

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/.

Overstock.com is a registered service mark, and Overstock.com Auctions is a service mark of Overstock.com, Inc. All other trademarks are the property of their respective owners.

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 auction value, the amount of interest in the auction, the value of the event tickets and fashion samples, the closing date of the auction 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.

Photo: http://www.newscom.com/cgi-bin/prnh/20030520/LATU020LOGO-a
http://www.newscom.com/cgi-bin/prnh/20050824/LAW002
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: Overstock.com, Inc.

CONTACT: Investors, Kevin Moon, +1-801-947-3282,
investors@overstock.com, or Media, Scott Blevins, +1-801-947-3133,
sblevins@overstock.com, both of Overstock.com, Inc.

Web site: http://www.overstock.com/
http://auctions.overstock.com/
http://auctions.overstock.com/jenniferlopez

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