November 01, 2007 19:02 ET

Overstock CEO Patrick Byrne Respectfully Rejects Attack by NAACP

SALT LAKE CITY, UT--(Marketwire - November 1, 2007) - Patrick Byrne, Chairman and CEO of, Inc. (NASDAQ: OSTK), said the following in response to the NAACP's criticism this week:

"Recently, video-taped comments I made in a school voucher debate setting were edited and posted online. Subsequently, some journalists erroneously claimed that I dismissed these statements as having been taken out of context. This assertion is false. In fact, my claim is far stronger: the clip is a lie, because it inverted what I actually said, which is far worse than simply being 'taken out of context'.

"The NAACP is not, by its nature, a research organization, so their having misconstrued the situation is regrettable but understandable. However, it was irresponsible for journalists to take these claims at face value. It is hard to believe, but shoddy reporting still manages to disappoint me.

"Because reverberations of the original reporting continue to be felt, and because essentially all who learn the facts are, thankfully, offering me their overwhelming support, I thought it might interest a wider audience to see the complete statement for which I was attacked:

"Another recent print report further clarifies my record on race and education issues":,5143,695223678,00.html."

About, 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., headquartered in Salt Lake City, is a publicly traded company listed on the NASDAQ Global Market System and can be found online at® is a registered trademark of, Inc. All other trademarks are the property of their respective owners.