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Overstock.com’s Patrick Byrne named StartupNation Coach

The Overstock.com founder and president will answer small business questions, share expertise and provide content to StartupNation audience

Birmingham , MI – August 12, 2005 – StartupNation (www.startupnation.com) and Overstock.com® (www.overstock.com) today announced that Patrick Byrne , founder and president of popular online discount retailer Overstock.com, has joined StartupNation to provide advice to entrepreneurs across the globe. Byrne will become a StartupNation Coach and will regularly appear on the nationally-syndicated StartupNation Radio program as well as provide online content for www.startupnation.com.

“As a StartupNation Coach and part of our regular programming, Patrick will share his e-commerce expertise with our audience of entrepreneurs,” states Jeff Sloan , StartupNation Founder and Radio Show Co-host. “Because of his experience, great success and passion for small business, Patrick will give our audience invaluable, in-the-trenches advice.”

“Being given the opportunity to talk to Patrick Byrne on StartupNation Radio was extremely valuable to me and to the success of my business,” states Doris Miller, Kaufman, Texas-based Lone Star Gift Baskets (www.lonestargiftbaskets.com) owner and entrepreneur. “Patrick helped remind me of the importance of trademark issues in order to protect my assets, something that is critical to our long-term success.”

Recognizing the potential for liquidating excess inventory on the Internet, Byrne launched Overstock.com in the fall of 1999. That first year Overstock.com recorded sales of $1.8 million; by 2004, Overstock.com’s revenues blossomed to nearly $500 million. Today, under Byrne’s leadership, Overstock.com stands as one of the most successful internet retailers in the country, offering brand-name merchandise at deep discounts across hundreds of product categories.

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 , Utah , 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 trademark of Overstock.com, Inc.