Overstock.com Purchasing App Now Options Augmented Actuality Utilizing Apple’s New ARKit Nasdaq:OSTK

Overstock AR Expertise Demo


Demo video of the brand new Overstock.com AR app expertise.

Overstock.com, Inc.

SALT LAKE CITY, Sept. 19, 2017 (GLOBE NEWSWIRE) — Overstock.com, Inc. (NASDAQ:OSTK) declares the launch of augmented actuality (AR) inside the retailer’s award-winning iOS shopping app. Customers utilizing a cellular phone or pill with iOS11 can launch the AR expertise immediately from the retailer’s app, which options solely true-to-life-size 3D fashions within the highest decision, giving consumers essentially the most correct illustration of the product as doable to allow them to see precisely the way it will match of their room.

A video accompanying this launch is on the market at http://www.globenewswire.com/NewsRoom/AttachmentNg/88f0a572-05df-4f14-999e-fa82fe65b4b0

With the brand new know-how, Overstock goals to proceed to utterly change the best way individuals design and beautify their dream properties by making your complete course of as easy as doable. Prospects can now place hundreds of prime merchandise in an AR atmosphere alongside their very own furnishings and décor to see how the scale, textures, and colours match their present room’s design and movement. They will additionally share footage of their design via direct messages or social media, and add merchandise to their cart or buy items with Apple Pay with one contact, all with out leaving the AR display.

“Augmented actuality is altering the best way individuals store for furnishings and residential items eternally,” stated Overstock.com President Saum Noursalehi. “Customers now not must guess how a chunk of furnishings will match of their room, or if a sample will match their current design fashion. As a substitute, they will use their telephones to see the precise product of their precise room, serving to them take advantage of knowledgeable buy choice.”

Right this moment, consumers can view hundreds of merchandise offered on Overstock.com inside the AR function, together with top-selling furnishings, rugs, dwelling items and décor from main manufacturers, and can supply every consumer personalised suggestions inside the app to suit their distinctive fashion. Finally the web buying pioneer expects to have tens of millions of merchandise throughout all classes accessible to be used inside the AR know-how, and can be capable of use machine studying know-how to supply suggestions primarily based on a buyer’s current décor with not more than a easy scan of their room inside the AR atmosphere.

“AR is one other nail within the coffin for brick and mortar shops, because it removes one of many final remaining benefits bodily shops have over e-commerce and solves a number of main friction factors of buying dwelling items on-line,” Noursalehi continued. “Prospects now have the assortment of a house items retailer with tens of millions of merchandise and the comfort of seeing how these merchandise slot in their very own dwelling earlier than buying. And with current developments in synthetic intelligence and machine studying, quickly it is possible for you to to utterly beautify an empty room simply by mentioning a design fashion, or see suggestions of merchandise that may match the precise items in your house all inside the AR atmosphere.”

The brand new app function is at the moment accessible on the iOS model of the retailer’s buying app, and makes use of Apple’s ARKit, which is included within the iOS 11 working system replace. Android app AR performance that includes Google’s new ARCore know-how will comply with when that working system is launched.

Overstock’s highly-rated buying app has been awarded 5 consecutive Cellular App Awards from the Cellular Net Affiliation. The app is on the market for download from each the App Retailer and Google Play.

About Overstock.com

Overstock.com, Inc. Widespread Shares (NASDAQ:OSTK) / Sequence A Most popular (Medici Ventures’ t0 platform : OSTKP) / Sequence B Most popular (OTCQB:OSTBP) is a web-based retailer primarily based in Salt Lake Metropolis, Utah that sells a broad vary of merchandise at low costs, together with furniture, décor, rugs, bedding, and home improvement. Along with dwelling items, Overstock.com provides a wide range of merchandise together with jewellery, electronics, attire, and extra, in addition to a market offering prospects entry to tons of of hundreds of merchandise from third-party sellers. Worldstock.com is a retailer inside Overstock devoted to promoting artisan-crafted merchandise from all over the world. Forbes ranked Overstock in its record of the High 100 Most Reliable Firms in 2014. Overstock frequently posts details about the corporate and different associated issues underneath Investor Relations on its web site, http://www.overstock.com.

O, Overstock.com, O.com, O.co, Membership O, Principal Avenue Revolution, Worldstock and OVillage are registered logos of Overstock.com, Inc.  O.biz and Area Shift are additionally logos of Overstock.com, Inc.  Different service marks, logos and commerce names which can be referred to herein are the property of their respective homeowners.

This press launch accommodates sure forward-looking statements inside the that means of Part 27A of the Securities Act of 1933 and Part 21E of the Securities Change Act of 1934. Such forward-looking statements embrace all statements aside from statements of historic reality.  Extra info relating to elements that would materially have an effect on outcomes and the accuracy of the forward-looking statements contained herein could also be discovered within the Firm’s Type 10-Okay for the quarter ended June 30, 2017, which was filed with the SEC on August three, 2017, and any subsequent filings with the SEC.

Media Contact:
pr@overstock.com

Investor Contact:
ir@overstock.com

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