SALT LAKE CITY, Jan. 05, 2022 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (NASDAQ:OSTK), a leading e-commerce home furnishings retailer, today announced it will supply dining room tables, chairs, and home decor to refugee families resettling in Utah after fleeing Afghanistan amid the collapse of the country’s government. Utah-based Overstock is working directly with the local chapters of the International Rescue Committee and Catholic Community Services to donate to the families who began arriving in Utah on October 1. Overstock has committed 185 kitchen tables (to seat 4-6 each), 825 matching chairs, and 185 home décor items for the estimated 180 families currently scheduled to arrive.
“These families are starting over with virtually nothing. As they begin their new lives in the United States, Overstock wants to help provide them some comforts of home,” said Jonathan Johnson, Overstock CEO. “As a parent, I know gathering around the table as a family and sharing a meal is important and comforting. As these families begin their new lives in Utah, our hope is that they feel welcomed and loved. We thank the International Rescue Committee, Catholic Community Services, and our wonderful partners and sourcing team for making this donation possible for these families.”
In addition to the donation of these products, Overstock employees are donating their time to unbox and assemble the tables and chairs at the warehouse before loading them on trucks headed to Utah’s newest residents rebuilding a life in the state.
Overstock.com, Inc. (Common Stock (NASDAQ:OSTK) / Series A-1 Preferred Stock (tZERO ATS:OSTKO) / Series B Preferred Stock (OTCQX:OSTBP)) is an online retailer and technology company based in Salt Lake City, Utah. Its leading e-commerce website sells a broad range of new home products at low prices, including furniture, décor, area rugs, bedding and bath, home improvement, and more. The online shopping site, which is visited by tens of millions of customers a month, also features a marketplace providing customers access to millions of products. In 2014, Overstock was the first major retailer to accept cryptocurrency as a form of payment and continues to do so. Overstock regularly posts information about the Company and other related matters on the Newsroom and Investor Relations pages on its website, Overstock.com.
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About Overstock Cares
Overstock Cares is the philanthropic arm of Overstock.com. For nearly 20 years, it has partnered with nonprofit organizations across the globe to support communities, respect the environment, and volunteer time to those in need.
Cautionary Note Regarding Forward-Looking Statements
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, including but not limited to statements regarding our partnerships as well as the timing and amount of our donations. 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 Annual Report on Form 10-K for the fiscal year ended December 31, 2020, which was filed with the SEC on February 26, 2021, in our Form 10-Q for the quarter ended March 31, 2021, which was filed with the SEC on May 6, 2021, in our Form 10-Q for the quarter ended June 30, 2021, which was filed with the SEC on August 5, 2021, in our Form 10-Q for the quarter ended September 30, 2021, which was filed with the SEC on November 4, 2021, and in our subsequent filings with the SEC.