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Thursday, May 5, 2011

NEWS: Overstock.com and the Utah Shakespeare Festival Team Up on Festival Technology (CC)

News Release – For Immediate Release
May 4, 2011

Overstock.com and the Utah Shakespeare Festival Team Up on Festival Technology.

CEDAR CITY — The Utah Shakespeare Festival and Overstock.com recently announced a partnership that will bring the two successful but very different Utah companies together for the betterment of both.

For 2011 Overstock.com is providing to the Festival top-of-the-line IT support and electronic equipment, valued at over $25,000 . This includes television screens for the Festival theatre lobbies and technical support from the award-winning company’s IT department. The Utah Shakespeare Festival, in return, is helping to get the word out in support of Overstock.com’s work inside the state of Utah.

Overstock.com, Inc. (short cut: O.CO) is a Savings Engine 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.

Jonathan Johnson, president of Overstock.com said, “We are excited to be a part of this year’s Utah Shakespeare Festival. Being a part of Utah’s community is one of our priorities. Annually, we put on in-house training seminars where our team is schooled in leadership principals using Shakespeare’s plays as the text. We expect Henry V style executive leadership, Portia’s Measure for Measure problem-solving skills, Lear’s Kent-like loyalty, and a little of Falstaff’s cheery attitude in our customer service department. When it comes to leadership, the play’s the thing.”

David Ivers, Festival artistic director, orchestrated the relationship between Overstock and the Festival. Ivers said, “This partnership is a new exploration of how private and public companies can work together to help each other accomplish goals. I hope this is the beginning of a long and mutually-beneficial relationship between the Utah Shakespeare Festival and Overstock.com.”

The Utah Shakespeare Festival is celebrating its 50th season in 2011. Founded in 1961 by Fred C. Adams, the Festival is an artistic and recreational destination for people from all over the country. The current Festival leadership includes R. Scott Phillips, executive director, David Ivers, artistic director, and Brian Vaughn, artistic director.

Overstock.com’s 2010 revenues exceeded $1.2 billion. Overstock has received numerous awards in the areas of sales and customer service, and it recently earned the number four spot in customer service rankings among all U.S. retailers, according to rankings published in the 2011 NRF Foundation/American Express Customer Service. Recently, Forbes reported that Overstock was ranked #1 for employee satisfaction in the entire U.S. retail industry, and U.S. News reported that Overstock is the ninth best place to work among all corporations in the United States.


Kami Terry
Utah Shakespeare Festival

Roger Johnson
Overstock.com Public Relations

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