New book by Larry Connors Click here Improve your trading - See how
"This partnership lets our customers help children and families in need by donating products they purchase on our website," said Overstock.com Chairman and CEO, Patrick Byrne. "We have seen real success with this program in the past and we hope that this year will be just as successful."
Overstock.com will designate 30 to 40 of MerchSource's popular toy and gift products, ranging from arts and crafts sets to remote control cars and telescopes, which Overstock.com consumers can purchase and donate directly to the Toys for Tots campaign. Overstock.com and MerchSource will cover the shipping expenses to get these items to Marine depots, where local Toys for Tots representatives distribute them to families during the holidays. Over the past three years, Overstock.com and MerchSource have collected more than $400,000 in toy donations from Overstock.com customers through this program.
"This year, with an ever-growing internet market, we hope to surpass the collections in past years, making 2009 the biggest and most successful year so far," said MerchSource Director of E-commerce Danny Nguyen.
About MerchSource
Established in 2000, MerchSource, LLC specializes in the design, development, and production of key consumer product lines and has become one of the largest vendors of high-quality, cross category merchandise in the country. With more than 25 years of experience in sourcing, manufacturing and shipping among MerchSource's executive team, the company provides unmatched service for national retailers such as: Bed Bath and Beyond; Kohl's; JC Penney; Bon Ton Stores; CVS; Rite Aid; Walgreens and Overstock.com. MerchSource has offices in Hong Kong, Shanghai and Guangzhou, and currently imports millions of units of merchandise per month to its west coast distribution facilities. Adhering to the principle of offering high-perceived value items at high-velocity price points, MerchSource specializes in multiple product categories, ranging from electronics, toys, home decor, memory foam, pet and other gift items.
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. Overstock.com regularly posts information about the company and other related matters on its website under the heading "Investor Relations."
Overstock.com(R) is a registered trademark 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 success of this year's campaign. Our Form 10-K/A for the year ended December 31, 2008, 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.
SOURCE Overstock.com, Inc.
http://www.overstock.com
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
