Overstock.com Responds to Web Auction Customers' Demand for Low Fees

SALT LAKE CITY, Feb. 16 /PRNewswire-FirstCall/ -- The online auction platform at Overstock.com, Inc. is offering 50% off its insertion fees for items listed between Monday, February 18 at 12:01 p.m. (MST) and Monday, February 25 at 12:01 p.m. (MST). The promotion coincides with a protest organized by a group of eBay customers who are dissatisfied with eBay's recent hike in selling fees and who are encouraging a boycott of the eBay site during that week.

"Our promotion happens to fall during the same week that an eBay boycott was planned. While we didn't arrange our promotion in response to that particular boycott, we did notice that there are often strike plans. Auction customers are trying to tell eBay something. We overheard and we are responding to their persistent requests for low selling fees," said Overstock.com Chairman and CEO, Patrick Byrne.

"The temporary fee reduction is designed to encourage new traffic to Overstock.com's auction site where people can discover the ways we distinguish ourselves from our competitors," said Overstock.com Director of Auctions, Meghan Tuohig.

Among the advantages of the Overstock.com auction site are fees that normally are lower than those of major competitors, a robust message board, sense of community, and a soft close that extends auctions each time a bid is received within 10 minutes of the scheduled end. Since eBay has announced the new changes, Overstock.com Auctions has seen a 35% increase in the number of active sellers.

The listing fees for the February 18 - 25 Overstock.com promotion are: Start Price Normal Promotion $0.01-$0.99 $0.10 $0.05 $1.00-$9.99 $0.20 $0.10 $10.00-$24.99 $0.40 $0.20 $25.00-$49.99 $0.75 $0.38 $50.00-$199.99 $1.55 $0.78 $200.00-$499.99 $2.35 $1.18 $500.00+ $3.15 $1.58

For more details regarding the Overstock.com promotion, visit: http://auctions.overstock.com/cgi-bin/auctions.cgi?PAGE=static&pagenum=333536

About Overstock.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 offering 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/.

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 level and time of discounted rates, ways the company distinguishes itself from competitors, the level of fees compared to competitors, the status of the message board, the sense of community, and the soft close that extends auctions. Our Form 10-K for the year ended December 31, 2006, our subsequent quarterly reports on Form 10-Q, 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.

Overstock.com, Inc.

CONTACT: Media, Kirstie Burden, +1-801-947-3172, or
kburden@overstock.com, or Investors, Kevin Moon, +1-801-947-3282, or
kmoon@overstock.com, both of Overstock.com, Inc.

Web site: http://www.overstock.com/

Perfect World to Announce Fourth Quarter and Fiscal Year 2007 Financial Results on February 25, 2008

BEIJING, Feb. 16 /Xinhua-PRNewswire-FirstCall/ -- Perfect World Co., Ltd. ("Perfect World" or the "Company"), a leading online game developer and operator in China, today announces that it will release unaudited financial results for the quarter and fiscal year ended December 31, 2007, before the market opens on Monday, February 25, 2008.

The Company will host a corresponding conference call and live webcast at 8:00am Eastern Time (EST) the same day 9:00pm Beijing time.

The dial-in details for the live conference call are as follows: -- U.S. Toll Free Number +1-877-847-0047 -- International dial-in number +852-3006-8101 -- China Toll Free Number 800-876-5011 Passcode: PWRD

A live and archived webcast of the conference call will be available on the Investors section of Perfect World's website at http://www.pwrd.com/.

A telephone replay of the call will be available after the conclusion of the conference call through 9:00 am Eastern Time, March 3, 2008.

The dial-in details for the replay are as follows: -- U.S. Toll Free Number +1-877-847-0047 -- International dial-in number +852-3006-8101 -- China Toll Free Number 800-876-5011 Passcode: 090995 About Perfect World Co., Ltd. (http://www.pwrd.com/)

Perfect World Co., Ltd. is a leading online game developer and operator in China. Perfect World primarily develops three-dimensional ("3D") online games based on the proprietary Angelica 3D game engine and game development platform. The Company's strong technology and creative game design capabilities, combined with extensive local knowledge and experience, enable it to frequently and rapidly introduce popular games designed to cater to changing customer preferences and market trends in China. The Company's current portfolio of self-developed 3D massively multiplayer online role playing games ("MMORPGs") includes "Perfect World," "Legend of Martial Arts," "Perfect World II", "Zhu Xian" and "Chi Bi." The Company uses a time-based revenue model for "Perfect World," and an item-based model for "Legend of Martial Arts," "Perfect World II", "Zhu Xian" and "Chi Bi." While most revenues are generated in China, the Company's games have been licensed to leading game operators in more than ten countries and regions. The Company plans to continue to explore new and innovative business models and remains deeply committed to maximizing shareholder value over time.

For further information, please contact: Perfect World Co., Ltd. Vivien Wang Investor Relation Officer Tel: +86-10-5885-1813 Fax: +86-10-5885-6899 Email: ir@pwrd.com http://www.pwrd.com/ Christensen Investor Relations Peter Homstad Tel: +1-480-614-3026 Fax: +1-480-614-3033 Email: phomstad@christensenir.com Jung Chang Tel: +852-2117-0861 Fax: +852-2117-0869 Email:jchang@christensenir.com

Perfect World Co., Ltd.

CONTACT: Vivien Wang, Investor Relation Officer, Perfect World Co.,
Ltd., +86-10-5885-1813, +86-10-5885-6899 (fax), ir@pwrd.com; Peter Homstad,
+1-480-614-3026, +1-480-614-3033 (fax), phomstad@christensenir.com, or Jung
Chang, +852-2117-0861, +852-2117-0869 (fax), jchang@christensenir.com, both of
Christensen Investor Relations for Perfect World Co., Ltd.

Web site: http://www.pwrd.com/

Sonic Solutions Receives Notice From NASDAQ Due to Inability to Timely File Form 10-Q

NOVATO, Calif., Feb. 15 /PRNewswire-FirstCall/ -- Sonic Solutions (R) today announced it had received, as expected, an additional notice of non-compliance from the Listing Qualifications Staff of The NASDAQ Stock Market (the "Staff") on February 15, 2008 due to Sonic's failure to timely file its Quarterly Report on Form 10-Q for its fiscal quarter ended December 31, 2007 (the "Additional Staff Determination"), as required by NASDAQ Marketplace Rule 4310(c)(14).

Sonic has delayed the filing of its Quarterly Report on Form 10-Q for the third quarter of fiscal 2008 (which ended December 31, 2007) until it has completed the restatement process, which could impact the financial statements for the third quarter of fiscal 2008, and filed the documents containing the restated financial statements.

As previously announced on February 1, 2007, Sonic has commenced a voluntary review of its historical and current stock option grant practices and related accounting. Based on the review, the audit committee of Sonic's board of directors and Sonic's management have concluded that, under applicable accounting guidance, Sonic lacks sufficient documentation for certain historical option grants and that the measurement dates associated with these option grants will need to be adjusted. Further, as previously announced, the audit committee, after consultation with management and Sonic's board of directors, has determined that Sonic's annual and interim financial statements may no longer be relied upon.

Sonic has determined that it will have to record additional cash and non-cash charges for stock-based compensation expense and restate its previous financial statements, and that such charges will be material. Sonic intends to file its restated financial results and related periodic reports as quickly as possible.

As previously announced, Sonic received prior notices of non-compliance from the Staff based upon Sonic's failure to timely file its Quarterly Reports on Form 10-Q for the quarters ended December 31, 2006, June 30, 2007 and September 30, 2007 and its annual report on Form 10-K for its fiscal year ended March 31, 2007, each as required by NASDAQ Marketplace Rule 4310(c)(14) and for failure to solicit proxies and hold an annual meeting for its fiscal year ended March 31, 2006, on or before March 31, 2007 as required by NASDAQ Marketplace Rules 4350(e) and 4350(g), respectively. On January 8, 2008, Sonic Solutions ("Sonic") received a letter from the Board of Directors of The NASDAQ Stock Market LLC (the "NASDAQ Board") informing Sonic that the NASDAQ Board had issued a decision granting Sonic until March 10, 2008 to file each of its delinquent filings. Sonic's securities will remain listed on The NASDAQ Global Select Market during this period. While Sonic is working diligently to complete all necessary filings and thereby demonstrate compliance with the applicable requirements for continued listing on The NASDAQ Global Select Market, there can be no assurance that Sonic's common stock will remain listed on The NASDAQ Global Select Market beyond the March 10, 2008 deadline established by the NASDAQ Board or that NASDAQ will grant Sonic a further extension if needed.

About Sonic Solutions

Sonic Solutions (Nasdaq: SNIC; http://www.sonic.com/) enables the creation, management, and enjoyment of digital media content from Hollywood to home. Sonic's products range from the advanced authoring systems used to produce Hollywood DVD, HD DVD, and Blu-ray Disc film releases to the award-winning Roxio (R) -branded photo, video, music, and digital-media management applications. Sonic's patented technologies and AuthorScript (R) media engine are relied upon by leading technology firms to define rich media experiences on a wide array of consumer electronics, mobile devices, set-top players, retail kiosks, and PCs. Always an innovator, Sonic has taken a leading role in helping professional and consumer markets make the successful transition to the new high-definition media formats and, through the DVD On Demand(TM) and Qflix platforms, Sonic is defining new models for the digital distribution of premium Hollywood entertainment. Sonic Solutions is headquartered in Marin County, California.

Sonic, the Sonic logo, Sonic Solutions, AuthorScript, Sonic DVD On Demand and Roxio are trademarks or registered trademarks of Sonic Solutions or its subsidiaries in the United States and/or other countries. All other company or product names are trademarks or registered trademarks of their respective owners and, in some cases, are used by Sonic under license.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

All statements included or incorporated by reference in this release, other than statements or characterizations of historical fact, are forward- looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our business and industry, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," similar expressions, and variations or negatives of these words. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement.

These risks and uncertainties include, but are not limited to, our ability to complete all necessary filings and thereby demonstrate compliance with the applicable requirements for continued listing on The NASDAQ Global Select Market by the deadline established by the NASDAQ Board; our ability to persuade the NASDAQ board to extend the deadline to complete all delinquent filings in the event we are unable to complete all necessary filings by the March 10, 2008 deadline; the scope of the equity awards for which accounting measurement dates will change; the amount and timing of stock-based compensation and other additional expenses to be recorded, and the corresponding restatement of our financial statements; other accounting adjustments that may result from review of our financial statements for the periods in question; the ramifications of our inability to file required reports with the SEC on a timely basis; potential claims and proceedings relating to such matters, including shareholder litigation and action by the SEC or other governmental agencies; other actions taken or required as a result of the review; and negative tax or other implications for the company resulting from the accounting adjustments and other factors.

Our Annual Report on Form 10-K for our fiscal year ended March 31, 2006, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and our other SEC filings discuss the foregoing risks as well as other important risk factors that could contribute to such differences or otherwise affect our business, results of operations and financial condition. The forward-looking statements in this release speak only as of the date they are made. We undertake no obligation to revise or update publicly any forward-looking statement for any reason.

Sonic Solutions

CONTACT: A. Clay Leighton, Chief Financial Officer,
clay_leighton@sonic.com, or investors, Nils Erdman, V.P. Investor Relations,
nils_erdman@sonic.com, both of Sonic Solutions, +1-415-893-8000, fax,
+1-415-893-8008

Web site: http://www.sonic.com/

Overstock.com Obtains Another Positive Ruling in Prime Brokerage LitigationCourt Gives Overstock.com the Okay to Continue to Proceed on California's Securities Anti-Fraud Cause of Action and Portions of California's Unfair Business Practices Act Cause of Action

SALT LAKE CITY, Feb. 15 /PRNewswire-FirstCall/ -- Overstock.com, Inc. (http://www.overstock.com/) announced today another favorable ruling in the lawsuit pending in the Superior Court of California, County of San Francisco against most of the largest prime brokerage firms in the country, including Morgan Stanley & Co. Incorporated, Goldman Sachs & Co., Bear Stearns Companies, Inc., Bank of America Securities LLC, Bank of New York, Citigroup Inc., Credit Suisse (USA) Inc., Deutsche Bank Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith, Inc., UBS Financial Services, Inc. and Lehman Brothers Holdings Inc.

On February 15, 2008, Judge John Munter of the California Superior Court for the City and County of San Francisco denied defendants' motion to strike Overstock's claims under California's Securities Anti-Fraud statute. Judge Munter also denied defendants' motion to strike Overstock's common law punitive damages claims. Judge Munter granted in part the defendants' motion to strike Overstock's claims under California's Unfair Business Practices Act, but allowed Overstock's claims for injunctive relief under California's Unfair Business Practices Act.

"This case continues forward for us," said Jonathan Johnson, Overstock Senior Vice President of Legal. "We are eager to start the next round of discovery and obtain trading records from the defendants, records which we expect will expose in detail the defendants' misconduct."

"Our approach in this suit has been belt, suspenders and cummerbund," said Patrick Byrne, Overstock Chairman and Chief Executive Officer. "Today the court cinched tight the belt and suspenders, but took off the cummerbund. We are well positioned to take this case to trial."

The suit alleges that the defendants, who control over 80% of the prime brokerage market, participated in a massive, illegal stock market manipulation scheme and that the defendants had no intention of covering such orders with borrowed stock, as they are required to do, causing what are referred to as "fails to deliver." The suit also alleges that the defendants' actions caused and continue to cause dramatic distortions with regard to the nature and amount of trading in the company's stock which have caused the share price of the company's stock to dramatically drop. The suit asserts that a persistent large number of "fails to deliver" creates large downward pressure on the price of a company's stock and that the amount of "fails to deliver" has exceeded the company's entire supply of outstanding shares. The company is seeking damages of $3.48 billion.

About Overstock.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 offering 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/.

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 documents to be obtained in discovery and what such documents will expose, the company's position for trial, as well as all such other risks as identified in our Form 10-K for the year ended December 31, 2006, and all our 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 our projections or forward-looking statements.

Overstock.com, Inc.

CONTACT: Kirstie Burden, +1-801-947-3172, kburden@overstock.com, or
investors, Kevin Moon, +1-801-947-3282, kmoon@overstock.com, both of
Overstock.com, Inc.

Web site: http://www.overstock.com/

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News archive of November 2009
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