Our agreement with Dealer Specialties will help turn the Overstock.com Cars Program into a comprehensive site, bringing buyers and sellers together as we continue to grow our inventory
Cincinnati, OH (PRWEB) April 3, 2007
Dealer Specialties has signed an exclusive agreement with Overstock.com's (http://www.overstock.com)] Cars Program that will result in increasing the online discount retailer's inventory from approximately 160,000 vehicles to more than 500,000. Dealer Specialties, a Dominion Enterprises Company, provides vehicle data collection, image generation, inventory management and window labeling services to nearly 10,000 car dealers across the country. Under terms of the agreement, the inventory of all of these dealers will be integrated into Overstock.com's inventory.
"Our agreement with Dealer Specialties will help turn the Overstock.com Cars Program into a comprehensive site, bringing buyers and sellers together as we continue to grow our inventory," said CEO of Overstock.com Patrick Byrne.
All of the Dealer Specialties clients will receive a basic listing on the Overstock.com Cars Web site. This listing includes a photo, vehicle specifications, dealer name and a customer contact form. Dealers can choose to receive instant text messages directly from potential customers, allowing the dealer to contact an interested party within 30 seconds. Dealers can also subscribe to Overstock.com for premium placement, search result priority, display of additional photos, vehicle videos (when available), inventory tools with 'set it and forget it' technology, and additional marketing items for an additional fee.
"Overstock.com is one of the largest and most valued Internet portals with over 15 million monthly visitors," said Brian Page, general manager of Dealer Specialties' Data Services. "Our mutual customers will benefit from a large selection of vehicles and a positive buying experience."
Dealer Specialties' Inventory Manager automatically updates inventory changes on Overstock.com, as well as on other Dealer Specialties' partner Web sites.
About Dominion Enterprises
Dominion Enterprises , headquartered in Norfolk, Va., is a leading media and information services company serving employment, real estate, automotive, recreation and industrial markets in the United States. The company operates a variety of technology businesses that offer Internet marketing, Web site design and hosting, lead generation, CRM, and data capture and distribution services including Advanced Access, PowerSports Network, and Dealer Specialties. The company has more than 500 paid and free magazine titles such as For Rent, Harmon Homes, The Employment Guide, Boat Trader, Cycle Trader and RV Trader with a combined weekly circulation of over 5 million, and more than 40 market-leading Web sites such as ForRent.com, EmploymentGuide.com, Homes.com, and TraderOnline.com reaching more than 8 million unique monthly visitors. The company has nearly 6,600 employees nationwide and 2006 annual revenue of over $850 million. For more information on Dominion Enterprises, visit dominionenterprises.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 offerings its suppliers an alternative inventory liquidation 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
In respect to 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 suggesting the contributions this agreement will make to make the Overstock.com Cars Program into a comprehensive site and other statements that may or may not suggest the relative future success of the Overstock.com Cars Program, as well as all such other risks as identified in Overstock.com's Form 10-K for the year ended December 31, 2005, and all its subsequent filings with the Securities and Exchange Commission, which contain and identify important factors that could cause the actual results to differ materially from those contained in its projections or forward-looking statements.