overstockArt.com Named to the Inc. 500|5000 List of Fastest Growing Companies

PRLog (Press Release) - Aug. 24, 2010 - Inc. Magazine (www.inc.com) today recognized overstockArt.com (www.overstockArt.com) as one of the nation’s fastest-growing private companies. The Wichita-based online art gallery ranked 1,106th on the 2010 Inc. 500|5000 list.

overstockArt.com also ranked 55th out of 60 other companies representing the retail sector. The company’s three year growth rate of 271 percent was one of the largest contributing factors to its high ranking. This is overstockArt.com’s first appearance on the prestigious list.

“We are incredibly honored to be recognized among the nation’s elite private companies,” said Sasson. “overstockArt.com’s growth is directly attributable to the talent and commitment of our team, the high quality of our art and the degree of confidence customers have as they shop with us.”

Co-founded by David Sasson and Amit Yaari in 2002, overstockArt.com began as a small home-based business with only a handful of unframed oil paintings to choose from. Today, overstockArt.com is one of the web’s most successful online art galleries. Headquartered in Wichita, Kan., the company has more than 20 employees in 3 continents. overstockArt.com offers the most comprehensive selection of oil paintings and frames to choose from in the online oil painting industry — currently more than 100,000 decorating combinations — including works by Van Gogh, Monet, Picasso, Renoir, Klimt, O’Keeffe, Munch, Dali and much more.

As an Inc. 5000 honoree, overstockArt.com shares a prestigious pedigree with such notable alumni as Intuit, Zappos, Under Armour, Microsoft, Jamba Juice, Timberland, Visa, Clif Bar, Patagonia, Oracle, and scores of other powerhouses.

The 2010 Inc. 500|5000 is ranked according to percentage revenue growth from 2006 through 2009. To qualify, companies must have been founded and generating revenue by the first week of 2006, and be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies. The top 10 percent of companies on the list constitute the Inc. 500, now in its 29th year.

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About overstockArt.com:
overstockArt.com is the web’s leading distributors of art reproduction oil paintings, with more than 100,000 wall décor combinations to choose from. In business since 2002, the company provides decorating assistance, custom framing and commercial wall decorating services. With an inventory of more than 60,000 paintings in stock at all times, order wait is minimal. For more information, visit http://www.overstockArt.com.

About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 712,961, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at Inc.com.

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