OTravel.com, Inc., formerly a wholly owned subsidiary of Overstock.com, Inc. was purchased recently by an affiliate of Kinderhook Industries and Castles Media Company. The Company was renamed Mountain Reservations, Inc. immediately after the sale: www.mountainreservations.com.

In addition to the name change, Mountain Reservations made major changes to its executive leadership team, naming Julian Castelli as its Chief Executive Officer and President, George Trevino as its Chief Financial Officer and promoting Tom Raudorf to Chief Operating Officer, formerly its Vice-President of Operations and Cindy Nuqui to Vice President Customer Care, formerly the Director of Customer Care. The Company’s executive team is completed by Alan Mao; a key member of the Company’s founding team who will lead Mountain Reservations’ marketing efforts as Vice President of Marketing.

“The name change to Mountain Reservations reflects our commitment to our core customer, the mountain traveler, as well as our renewed focus on our core business strategy that had historically driven our triple digit growth and propelled us to the forefront of the industry,” said Castelli, the Company’s new CEO.

Mountainreservations.com was the former Ski West, Inc. flagship web site launched in early 2002 to serve travelers booking mountain getaways and ski vacations to world-class resorts in the Rocky Mountains and Canada. OTravel.com, Inc. formerly operated the Mountain Reservations web site and brand as a D/B/A after acquiring it as part of the acquisition of Ski West, Inc. in July of 2005.

“Mountain Reservations is a terrific business that has been delighting its vacation customers and property management suppliers for over five years. We are very excited about the future, and believe that our new ownership structure, our strong financial backing from Kinderhook, and our renewed focus on our core business of marketing and booking the finest vacation rental properties in world class destinations all give us terrific prospects for rapid expansion of market share, revenue and earnings going forward,” continued Castelli.

Before joining Mountain Reservations, Inc., Castelli served as the Chief Financial Officer of Consumer Source, a $300 million revenue media company that owns and operates leading targeted media brands: Rentals.com, Apartmentguide.com, Newhomeguide.com, and Autoguide.com, and also served as President of AutoGuide.com. Prior to that, Mr. Castelli served as Chief Financial Officer of PageNet, a public telecommunications company that produced $1 Billion in annual revenue.

Mountain Reservations CFO George Trevino commented on the Company’s financial strength: “We are happy to acquire a company that contributed positive EBITDA to its parent in 2006, while also showing considerable growth in both gross revenue and operating margin. Overstock’s amortization of intangibles and changes to goodwill values over the last couple of quarters, although necessary for reporting to the SEC, were non-cash charges and not related to the Company’s operations. Our renewed focus on the core strength of Mountain Reservations will be the foundation for future growth and we’re excited to implement our plan.” Before joining Mountain Reservations, Mr. Trevino was a senior finance executive with Nokia Inc.’s Enterprise Solutions business group based in Irving, Texas.

About Mountain Reservations
Headquartered in Park City, UT, Mountain Reservations, Inc. operates over 80 web sites that provide consumers with the widest selection of vacation properties available for short and long-term rental. The Company’s sites serve as destination specific information guides to allow the consumer to plan their entire vacation, including the ability to reserve transportation, lift tickets, and equipment rentals and plan dining options. Mountain Reservations provides the consumer with a spectrum of full-service options from complete online reservations to trip planning and advisory help from certified agents with experience and training in specific destination resorts such as; Park City and Deer Valley in Utah, Aspen, Breckenridge, Vail, and Steamboat, in Colorado, Jackson Hole, Wyoming, Sun Valley, Idaho and Whistler, Canada.

About Kinderhook
Kinderhook Industries, LLC (”Kinderhook”) is a private equity firm with $470 million under management. Kinderhook partners with highly talented management teams to pursue private equity investments in non-core divisions of public companies, management buyouts of entrepreneurial-owned businesses and troubled situations and existing small capitalization companies lacking institutional support. Kinderhook’s principals have completed in excess of fifty transactions, investing over $1.0 billion throughout their investment careers. Representative investments include companies in the health care services, basic manufacturing and business services industries. More information regarding Kinderhook can be found at www.kinderhookindustries.com.

About Castles Media
Castles Media Company was created to operate industry leading, highly targeted media properties in attractive vertical markets. The Company plans to acquire and develop several category-specific media properties that can generate significant value by connecting buyers and sellers more efficiently and with greater utility than traditional mass media. Castles Media was founded by Julian Castelli, a tenured senior executive with a successful track record of both leading large public companies and building and developing smaller start-up organizations. More information regarding Castles Media can be found at www.castlesmedia.com.