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Overstock.com Welcomes 2020 with Emphasis on Customer Focus and Innovation

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SALT LAKE CITY, Jan. 16, 2020 (GLOBE NEWSWIRE) — Celebrating 20 years as a leader in the e-commerce space, Overstock.com, Inc. (NASDAQ:OSTK) looks forward to an exciting 2020, with a renewed customer focus, application of technological innovations and changes in leadership. As a technology-focused company, Overstock continues to be an industry-leading online retailer and a pioneer in the blockchain space. Through its Overstock.com retail and Medici Ventures blockchain divisions, the Company continues to execute on its mission of improving customers’ lives through the application of emerging technologies to traditional markets. Overstock is focused on improving the customer experience and enabling secure and trusted peer-to-peer commerce. 

“Two decades ago, Overstock was founded with a vision to always improve the way people transact through the innovative application of technology,” said Jonathan Johnson, CEO of Overstock.com, Inc. and president of Medici Ventures. “Two decades later that same forward-thinking attitude continues to prevail. Our teams of talented technologists with innovative minds continue to improve our customers’ experience. And they are advancing global peer-to-peer commerce through the application of blockchain technology. Over the past 20 years, we accomplished a lot. I’m filled with pride by our teams’ work in sourcing, developing, and accelerating technology and efficiencies in our retail and blockchain businesses. We’re focused on making 2020 another great year for Overstock.”

Overstock welcomed changes in leadership during 2019, which reflect its focus on the customer and innovation. These changes included the promotions of Jonathan Johnson to CEO of Overstock.com, Inc. (in addition to his role as President of Medici Ventures), Dave Nielsen to President of Overstock Retail, and Kamelia Aryafar to Executive Vice President and the newest member of the Company’s board of directors (in addition to her role as Chief Algorithms Officer). Medici Ventures also strengthened its leadership, with the promotions of Joel Weight to Chief Operations Officer and Jeremy Smith to Chief Technology Officer. Likewise, tZERO strengthened its team with the addition of a Head of Issuance, Head of Investor Relations, and Head of Communications.

In addition to its offices in Utah, the Company expanded its presence in Europe with the opening of a new state-of-the-art campus in Sligo, Ireland, which has served as a technical hub and EU base.

Club O, the Company’s retail loyalty and rewards program, expanded its member offerings to include two new benefits: free returns and a price match guarantee. These new features significantly enhance the loyalty program’s existing perks, which include free shipping on all items, five percent (or more) rewards on all purchases, access to an exclusive rewards store, and additional rewards in exchange for product reviews. Club O is free to active and veteran military members, students and teachers, and first responders.

Other key milestones over the past year include the addition of new applications in the blockchain space; advances in the customer experience utilizing technologies like machine learning, personalization, and augmented reality; and continued community outreach through partnerships with non-profit organizations.

Medici Ventures, Overstock.com, Inc. Subsidiary and Blockchain Accelerator

2019 was a significant year for Medici Ventures and its keiretsu of blockchain-based companies, as it began to pivot from a building phase to a growth phase in which real products are coming into production. The Medici family continued to utilize blockchain technology to revolutionize traditional industries including identity, land governance, money and banking, capital markets, supply chain, and voting.  Key milestones include the following:

  • tZERO, the global leader in blockchain innovation for capital markets, built the technology and leadership team necessary to support its long-term efforts relating to tokenization services and secondary trading technology. In addition to securing a number of cutting-edge patents related to the intersection of blockchain and capital markets, the company tokenized its preferred equity and launched the trading of these securities on the tZERO ATS, signed agreements with a number of issuers to tokenize their securities, subscribed additional broker-dealers to the tZERO ATS, launched the tZERO Crypto App, filed for one of its wholly-owned subsidiaries to become a retail broker-dealer and advanced its Boston Security Token Exchange (BSTX) joint venture.
     
  • Medici Land Governance (MLG) continued to expand its reach and provide low cost, user friendly land titling and administration systems to government partners across the globe. In 2019, MLG expanded its land governance efforts to St. Kitts and Nevis, Liberia,  Zambia, Mexico, and the United States. By utilizing blockchain and other technologies to secure a public record of land ownership, MLG continues to promote economic development and financial inclusion to both individuals and governments worldwide. MLG looks forward to strengthening and creating new partnerships in 2020 and beyond.
     
  • Bitt, the Barbados-based fintech company, signed a contract with the Eastern Caribbean Central Bank to conduct a blockchain-issued Central Bank Digital Currency (CBDC) pilot within the Eastern Caribbean Currency Union (ECCU) The issuance of a CBDC would facilitate the speed, cost and efficiency of payments, both domestically and cross-border, as well as promote financial inclusion amongst Caribbean citizens. Having successfully completed the project’s inception and elaboration phases, upcoming milestones include preliminary testing and training with pilot project stakeholders, including financial institutions, merchants and consumers, in preparation for the start of the pilot at the end of Q1 2020.
     
  • Voatz made voting safer and more accessible by successfully conducting a number of secure mobile voting pilots backed by blockchain technology for overseas and disabled voters in United States counties such as Utah County, UT; the City & County of Denver, CO; Jackson and Umatilla County, OR; and Pierce County, WA.
     
  • GrainChain executed agreements with stakeholders across the Honduran coffee industry to deliver its blockchain-enabled commerce platform. Immediate benefits with regard to the minimization of risk and improvement of harvesting conditions have already been realized, both of which will encourage further reinvestment. Through coordination with stakeholders throughout the coffee growing lifecycle, GrainChain is for the first time connecting the entire supply chain on a single platform. That agreement came in the same year as the company’s partnership with the Mexican state of Tamaulipas, bringing efficiency, security, and transparency to farmers, storage operators, and buyers of bulk commodities. GrainChain went live with three products: Cmodity, HarvX, and SiloSys, which processed over 1 billion pounds in commodities in Texas in 2019, a strong indicator of what is to come in 2020.

Overstock.com Retail

Under the leadership of the Company’s EVP and Chief Algorithms Officer, Kamelia Aryafar, Overstock continues to implement artificial intelligence (AI) and machine learning (ML) technologies throughout the organization. These technologies are being applied to improve or replace existing systems in all areas of the company, including Website Development, Pricing, Customer Care, Supply Chain, Marketing and Sourcing.

The application of ML and AI has also allowed Overstock to significantly improve the personalization of the customer experience, advancing Overstock’s mission of customer focus. During 2019, Overstock leveraged its proprietary technology LiveRex and Overstock Asset Data Platform (OADP) to introduce personalization technology to its retail site, which enabled a fully dynamic email experience. These initiatives aim to deliver a more engaging and relevant experience throughout every touchpoint of a customer’s journey.

Building on Overstock’s investment over the past three years in augmented reality (AR) and 3D experience, the Company launched the biggest omni-channel AR and 3D customer experience in e-commerce. This launch allowed shoppers to seamlessly view true-to-life size 3D renderings of thousands of products from top-selling categories like furniture, home goods, and décor, and enabled them to see what these products might look like in their own homes with the aid of AR.

Overstock celebrated its 20 year anniversary with its second annual Customer Day on October 6. The 36-hour sale was one of the Company’s strongest events in 2019.

Awards and Recognitions

Overstock was the recipient of a number of awards in 2019, being recognized for achievements spanning from its high-quality customer service to its technological innovation. Notable mentions include:

  • Torchie Award recognition as an industry leader and innovator
  • eTail’s Best in Class Award for Best Mobile App
  • Media Post’s Appy Award for Best Retail App
  • Mobile Star Awards “Superstar” Best Retail Shopping App
  • Loyalty 360’s Top 10 Award for Customer Loyalty Team
  • Two Loyalty360 Awards for Employee Engagement and for Customer Loyalty Strategy
  • Stevie Award in Customer Service and Sales
  • Utah’s Best in State Award for General Merchandising
  • Shatter List recognition for creating and implementing impactful programs and company culture to foster inclusivity from the Women Tech Council

Corporate Giving and Philanthropic Support

Overstock Cares, the Company’s philanthropic program, supported numerous non-profit organizations dedicated to a variety of charitable causes throughout 2019. The program supported the donation of hundreds of products, primarily home goods, to non-profit organizations across the country, in addition to monetary donations to causes including Big Brothers Big Sisters, Operation Underground Railroad, Set for Life LA, and Habitat for Humanity.

Overstock Cares also continues to support its corporate charitable partners Best Friends Animal Society, Special Operations Warrior Foundation, and the American Red Cross by promoting customer donations on its site and check-out page.

About Overstock.com

Overstock.com, Inc Common Shares (NASDAQ:OSTK) / Digital Voting Series A-1 Preferred Stock (Medici Ventures’ tZERO platform:OSTKO) / Series B Preferred (OTCQX:OSTBP) is an online retailer and technology company based in Salt Lake City, Utah. Its leading e-commerce website sells a broad range of new home products at low prices, including furniture, décor, rugs, bedding, home improvement, and more. The online shopping site, which is visited by nearly 40 million customers a month, also features a marketplace providing customers access to millions of products from third-party sellers. Overstock was the first major retailer to accept cryptocurrency in 2014, and in the same year founded Medici Ventures, its wholly-owned subsidiary dedicated to the development and acceleration of blockchain technologies to democratize capital, eliminate middlemen, and re-humanize commerce. Overstock regularly posts information about the Company and other related matters on the Newsroom and Investor Relations pages on its website, Overstock.com.

O, Overstock.com, O.com, Club O, Main Street Revolution, and Worldstock are registered trademarks of Overstock.com, Inc. Other service marks, trademarks and trade names which may be referred to herein 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 all statements other than statements of historical fact. Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company’s Form 10-Q for the quarter ended September 30, 2019, which was filed with the SEC on November 12, 2019, and any subsequent filings with the SEC.

SOURCE: Overstock.com, Inc.

Media Contact:
pr@overstock.com

Investor Contact:
ir@overstock.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Companies leading the way in cyber security and critical infrastructure, Terafence and Boulder AI, to attend the largest B2B conference in the cyber industry

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Colorado and Israel, Jan. 17, 2020 (GLOBE NEWSWIRE) — Two companies with leading-edge technologies in the cyber security industry, Terafence and Boulder AI, will be attending the Cybertech Tel Aviv conference in Israel. The conference is recognized as Cybertech’s most renowned international exhibition and is one of the largest B2B networking events in the cyber industry, outside of the United States.

The two companies will be demonstrating the impact of their collective technologies to conference attendees, which includes Boulder AI’s deep learning camera systems and software, and Terafence’s solution which physically isolates IoT devices and networks while maintaining uninterrupted data flow and control.

The founders of the two companies met while working with Innosphere, Colorado’s leading commercialization program for technology-based startup and scaleup companies. “Both Boulder AI and Terafence have significantly differentiated technologies for cyber protection, very experienced management teams, and great outside investors,” said Mike Freeman, Innosphere CEO. “Introducing the two companies has had mutual benefit for both teams and their timely technologies.”

Set to take place on January 28-30, 2020 in Tel Aviv, Cybertech Tel Aviv 2020 this international cyber event features the most trending topics in the realm of cyber and technology, and features talks by leading decision-makers, government officials, and top executives. Every year, the event attracts thousands of attendees, mainly C-level executives, investors, professionals, and government officials from all over the world.

Terafence is based in Israel and has developed a proprietary cyber security solution with an advanced microchip and firmware, called TFence™, which isolates IoT and NoT (network of IoT) devices while maintaining uninterrupted data flow and control. This type of solution for cyber-secure connectivity and protecting IoT devices has become critical as more cyber threats are being launched through poorly protected IoT assets like edge-based IP cameras.

Boulder AI is based in Colorado and provides the most powerful edge-to-cloud visual intelligence solutions with their deep learning products, including computing hardware, AI algorithms and management platform software. Together, these render artificial intelligence technology valuable to a host of markets including intelligent transportation, utilities, infrastructure, physical security and more. Boulder’s engineers and data scientists bring AI to life to solve today’s problems in real time.

“We’re excited to be partnering with Boulder AI’s experienced team at this month’s Cybertech event,” said Pini Huber, Terafence vice president of sales. “This event is where investors can find the next breakthrough in the cyber industry.”

Attachments

Emily Wilson
Innosphere Ventures
970-295-4481 Pini Huber, Vice President of Sales
Terafence Bryan Schmode, CEO
BoulderAI

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Artificial Intelligence

AVRA Medical Robotics Attends J.P. Morgan Healthcare Conference

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ORLANDO, Fla., Jan. 17, 2020 (GLOBE NEWSWIRE) — AVRA Medical Robotics, Inc. (the “Company”) (OTCQB: AVMR), a medical software and artificial intelligence company that is in the process of building a fully autonomous medical robotic system through the use of new technologies combining artificial intelligence, machine learning and proprietary software; is attending the 38th J.P. Morgan Healthcare Conference in San Francisco this week. The Company is represented by its CEO, Barry Cohen.

Mr. Cohen has held meetings with various Investment Banking firms and potential strategic partners to update them on the Company’s progress with its medical software procedure program and the development status of its Autonomous Robotics Surgical System, as envisioned by the Company.

As Mr Cohen explains, “The potential of our robotic systems is to perform operations with greater precision than human hands are capable of.”

Contacts: Barry Cohen
  AVRA Medical Robotics, Inc.
  Chairman and CEO
  bcohen@avramedical.com

Note to Editors:

About AVRA Medical Robotics
AVRA Medical Robotics, Inc., (OTCQB: AVMR) is empowering doctors and the practice of surgery through the use of software and artificial intelligence. AVRA, with a research agreement in place with the University of Central Florida known for its advances in robotics and guidance systems, is developing a fully autonomous surgical robotic system that “robotizes” a wide range of surgical procedures currently being performed by human hands using surgical and non-surgical devices and instruments. AVRA is concentrating its research and development efforts to meet rising expectations of patients and practitioners alike for the precision, efficiencies and safety offered by robotics, artificial intelligence and proprietary software when combined with proven medical devices and surgical instruments. AVRA’s current focus is developing a treatment-independent precision guidance system, applicable to a variety of minimally and non-invasive procedures, to leverage the growing demand for practical medical robotic devices, with an initial focus on skin resurfacing aesthetic procedures.
For more information visit the company’s website at www.avramedical.com.

About the J.P. Morgan Healthcare Conference
The annual J.P. Morgan Healthcare Conference is known to be the largest and most informative healthcare investment symposium in the industry, bringing together industry leaders, emerging fast-growth companies, innovative technology creators, and members of the investment community.           

Forward Looking Statements
This press release may contain statements that are not historical facts and are considered forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “assume,” “believe,” “estimate,” “expect,” “will,” “intend,” “may,” “plan,” “project,” “should,” “could,” “seek,” “designed,” “potential,” “forecast,” “target,” “objective,” “goal,” or the negatives of such terms or other similar expressions to identify such forward-looking statements. These statements relate to future events or AVRA’s future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

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Artificial Intelligence

The global automated turf harvesters market size is expected to reach $155,947.8 thousand in 2026, from $62,151.5 thousand in 2018, growing at a CAGR of 12.6% from 2019 to 2026

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New York, Jan. 17, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Automated Turf Harvester Market by Product Type and Application : Global Opportunity Analysis and Industry Forecast, 2019-2026” – https://www.reportlinker.com/p05828813/?utm_source=GNW

The global automated turf harvesters market size is expected to reach $155,947.8 thousand in 2026, from $62,151.5 thousand in 2018, growing at a CAGR of 12.6% from 2019 to 2026. Automated turf harvesters are used to harvest turf in the form of rolls and slabs from turf cultivation farms. It is an upgrade to the manually operated turf harvesters and provide one-man operation for cutting, rolling, and stacking of turf. The automated turf harvesters have features such as product quality monitoring, which rejects the defective roll or slab by sensing its weight and thickness. Moreover, the automated turf harvesters are provided with remote monitoring and diagnostics features, cellular or wireless communication systems, bilingual interface and many other features. This propels the automated turf harvesters market growth significantly. Furthermore, the implementation of automated turf harvesters on turf cultivation farms increase harvesting speed by 20% and reduce fuel consumption as well. The customers, majorly sod farmers, are switching towards automated equipment in order to increase the overall quality of the harvested turf. In addition, the labor costs are mainly reduced by the implementation of automated turf harvesters on sod farms. Furthermore, the major consumers of automated turf harvesters are from the developed nations like European and North American regions, mainly owing to the better living standards, resulting in improved housing with bigger lawns, participation in luxury sports like golf.
The shift of consumer preferences toward automated agricultural equipment is a major driver for the automated turf harvesters market. The introduction of automation and artificial intelligence (AI) in farming has helped the cultivators to obtain better quality and more yield in less time. Thus, the farmers are inclining toward autonomy for various agricultural processes. Moreover, the lack of labor and high cost associated with labor intensive farming promotes the use of automated equipment for turf farming applications. The stacking of turf pallets is the most tedious task as each pallet weighs around 1,500 to 3,000 pounds, which requires maximum effort which can be eased with the use of automated turf harvesters, which provide automatic stacking. Automation enables high quality turf harvesting and reduces the time required for turf harvesting process. Furthermore, various sports federations are choosing natural turf over artificial turf to conduct various sports such as football, soccer, cricket, and others. The artificial turf use has led to many negative results such as increased field temperature and is expected to contribute to on field injuries including fatigue, shortened career of the players, and negative effect on life after retirement of the players, hence the sports organizations are choosing natural turf over the artificial turf which increase the requirement of turf cultivation and in turn, bolsters the automated turf harvesters market growth. On the contrary, high costs of automated turf harvesters is a major restrain for the growth of automated turf harvesters market. Also, the versatility of artificial grass is increasing its popularity over natural grass in the residential sector. However, the growth in construction of golf courses in countries such as China, creates a demand for turf cultivation and thereby, creates lucrative opportunities for the growth of automated turf harvesters market during the forecast period.
The global automated turf harvesters market is segmented on the basis of product type, application, and region. By product type, it is divided into roll turf harvesters and slab turf harvesters. The slab turf harvesters segment is anticipated to dominate the global automated turf harvesters market in the future, owing to the growth of residential construction activities mainly in the U.S. and the UK. By application, it is classified into residential, commercial, golf courses, and sports/ athletics. The commercial segment is projected to dominate the global automated turf harvesters market during the forecast period. Also, the residential segment holds the highest share in the automated turf harvesters market.
The global automated turf harvesters market is analyzed across North America (the U.S. and Canada), Europe (the Netherlands, the UK, Germany, and rest of Europe), and Asia-Pacific (Australia and rest of Asia-Pacific). According to the automated turf harvesters market analysis, North America is expected to hold the largest automated turf harvesters market share throughout the study period. Europe ranks highest in terms of automated turf harvesters market growth. is expected to grow at the fastest rate. Europe is a major consumer of automated turf harvesters with respect to the golf course segment, owing to the highest number of golf courses, especially in England. These factors together are anticipated to grow the market significantly. Asia-Pacific is expected to exhibit growth during the automated turf harvesters forecast. However, Australia is already a major contributor for the automated turf harvesters market growth.

COMPETITION ANALYSIS
The key market players profiled in the report for tooling market include FireFly Automatix, Inc., Kesmac Inc., KWMI Equipment, MAGNUM ENP, Trebro Manufacturing, Inc. and Turf Tick Products B.V.
The companies are adopting product development strategy to expand their product features according the growing demands from the market. For instance, the company FireFly Automatix Inc. developed their automated turf harvester ProSlab 155 Turf Harvester by introducing new feature of GPS Auto-Steer. The guidance system enables operators to harvest a field in straight lines, on different terrains such as slopes, rolling terrains, or rough grounds. Moreover, the company FireFly Automatix, Inc. utilizes depth control system to adjust the thickness of turf which is cut according to the user’s requirement and thereby, improve the end product quality. Furthermore, these players have been operating using various representatives and distributors to provide better sales and services. For instance, the company TurfTick Products B.V. offers automated turf harvester product sales and services in the European Union under the company name Nannings van Vuuren Sales.

KEY BENEFITS FOR STAKEHOLDERS
? The report provides an extensive analysis of the current and emerging global automated turf harvesters market trends and dynamics.
? In-depth analysis of the market is conducted by constructing market estimations for the key market segments between 2018 and 2026.
? Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
? A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
? The global automated turf harvesters market forecast analysis from 2019 to 2026 in the report.
? The key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the industry.
GLOBAL AUTOMATED TURF HARVESTERS MARKET SEGMENTS

By Product Type
• Roll Turf Harvesters
• Slab Turf Harvesters

By Application
• Residential
• Commercial
• Golf Courses
• Sports/Athletics

By Region
• North America
o U.S.
o Canada
• Europe
o Netherlands
o The UK
o Germany
o Rest of Europe
• Asia-Pacific
o Australia
o Rest of Asia-Pacific

Key Players
• FireFly Automatix, Inc.
• Kesmac Inc.
• KWMI Equipment
• MAGNUM ENP
• Trebro Manufacturing, Inc.
• Turf Tick Products B.V.
Read the full report: https://www.reportlinker.com/p05828813/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

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