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Overstock.com Selects CommerceHub to Expand Drop-Ship Supplier Network
Supply-on-Demand Platform to Integrate With Existing Order Management System
| Source: CommerceHub
ALBANY, NY--(Marketwire - September 16, 2008) - CommerceHub announced today that Overstock.com,
the online discount retailer, has selected its Supply-on-Demand integration
and fulfillment platform to increase product selection. CommerceHub will
provide a direct connection to Overstock.com's existing EDI-based order
management systems for processing purchase orders, order acknowledgements,
inventory and fulfillment data with drop-ship suppliers.
"Overstock.com requires reliable platforms to process and fulfill orders,
particularly during peak volume periods," said Jacob Hawkins, Overstock.com
SVP of Supply Chain. "CommerceHub is one of a best-of-breed in terms of
integration flexibility, process scalability and platform reliability."
The CommerceHub platform provides Overstock.com the ability to rapidly
bring on new suppliers, enabling it to expand product selection. With over
4,200 drop-ship suppliers, manufacturers and carriers connected to the Supply-on-Demand Platform,
CommerceHub reliably processed over 14.5 million drop-ship orders in 2007.
"We are pleased for the chance to be adding our marquee brand to the
Overstock.com product offerings," said Christian Jarry, President of World
Cuisine Inc, the US branch of Paderno World Cuisine, a leading
international manufacturer of professional cookware and kitchen utensils.
"Our established CommerceHub connection will enable us to quickly integrate
our system with Overstock.com to provide reliable 48 hour drop-ship
fulfillment." Paderno World Cuisine has been a long time e-commerce
drop-ship supplier on the CommerceHub Supply-on-Demand platform.
The CommerceHub
One Connection integration standardizes communications with all
suppliers, regardless of legacy technology format, providing complete order
visibility and proactive monitoring of the fulfillment process. The
Supply-on-Demand platform enables purchase orders to be sent to each
supplier with all the information required to create customized
Overstock.com branded packing slips for direct-ship customer orders.
"Our flexible and reliable integration technology is core to building
effective online distribution networks," said Steve Hamlin, CommerceHub
CEO. "We welcome the opportunity to assist Overstock.com in expanding its
product offerings by reliably connecting with new drop-ship suppliers."
About CommerceHub
CommerceHub is the industry's leading provider of fulfillment and
integration solutions for retailers and wholesale distribution companies.
With nearly a decade of experience working with Top 25 retailers,
distribution supply chains and a wide array of major brand name suppliers,
CommerceHub manages more than $4.5 billion in goods annually on behalf of
such industry leaders as Costco, QVC, Staples, Circuit City, Meijer,
drugstore.com, Ty's Toy Box, Kmart, Sears, Toys "R" Us, Walgreens, Dell,
Toshiba, Sanyo, Minolta, Gateway and Little Tikes.
For information on the CommerceHub Supply-on-Demand platform, Universal
Connection Hub and Drop-Ship Master visit www.commercehub.com.
About Overstock.com
Overstock.com, Inc. is an online retailer offering brand-name merchandise
at discount prices. 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
System and can be found online at http://www.overstock.com.
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 Overstock.com's ability to
rapidly bring on new suppliers and expand product selection using the
CommerceHub platform. Overstock.com's Form 10-K for the year ended December
31, 2007, our subsequent quarterly reports on Form 10-Q, or any amendments
thereto, and our other subsequent filings with the Securities and Exchange
Commission identify important factors that could cause our actual results
to differ materially from those contained in our projections, estimates or
forward-looking statements.