"We regard Overstock's customer transaction data as some of the most sensitive in the world," said Johnson. "Thus, we employ costly and highly advanced technical measures to prevent unlawful access. But when states pass unwise bills, forcing us to turn over the very data we work hard to protect, all that goes out the window and all bets are off.""Given the cost constraints under which most state governments operate, we would think that Coloradans would want to question whether their data will now be safe on state servers—whether those state systems will safeguard it equally as well as it is now safeguarded by the privacy and technical standards employed in private sector," Johnson went on to explain. Overstock noted that if the partial repeal bill does not pass, the company will let customers know in advance that their sensitive data will be handed over to the state, and will supply legislative contact information to help customers voice their complaints to local Senators and Representatives. "We sincerely hope that the Colorado legislature will now act in the high interests of all of its citizens and our customers and pass this important repeal measure before the mandated reporting compliance deadline," concluded Johnson. About Overstock.com Overstock.com, Inc. (NASDAQ:OSTK) has turned millions of houses into dream homes as the premier value destination for home goods including furniture, décor, rugs, bedding, and home improvement. Based in Salt Lake City, Utah, Overstock.com has been a pioneering force in e-commerce since 1999, providing our customers the assortment and convenience they want for less. In addition to home goods, Overstock.com offers a variety of products including jewelry, electronics, apparel, and more, as well as a marketplace providing customers access to hundreds of thousands of products from third-party sellers. Additional stores include Worldstock.com, dedicated to selling artisan-crafted products from around the world, and Main Street Revolution, supporting small-scale entrepreneurs in the U.S. by giving them access to our national customer base. Overstock regularly posts information about the company and other related matters under Investor Relations on its website, http://www.overstock.com. O, Overstock.com, O.com, O.co, Club O, Main Street Revolution, Worldstock and OVillage are registered trademarks of Overstock.com, Inc. O.biz and Space Shift are also trademarks of Overstock.com, Inc. Other service marks, trademarks and trade names which may be referred to herein 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 all statements other than statements of historical fact. Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company's Form 10-K for the quarter ended December 31, 2016, which was filed with the SEC on March 3, 2017, and any subsequent filings with the SEC.
Media Contact:Mark Delcorps, Overstock.com, Inc.+1 (801) firstname.lastname@example.orgInvestor Contact:Mark Harden, Overstock.com, Inc.+1 (801) email@example.com