tZERO Appoints Alan Konevsky As Chief Legal Officer

December 19, 2018

NEW YORK--(BUSINESS WIRE)--Dec 19, 2018--tZERO, the global leader in blockchain innovation for capital markets, announced today that Alan Konevsky has been appointed as its Chief Legal Officer (CLO). Konevsky, who was most recently a senior vice president at Mastercard, will oversee tZERO’s expanding legal, regulatory, public policy and compliance functions.

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Alan Konevsky (Photo: Business Wire)

Konevsky will lead tZERO’s in-house legal team, and will report to tZERO CEO, Saum Noursalehi. Konevsky and the team will drive global regulatory initiatives, strategic transactions, product development, commercial contracts, corporate governance, investor relations, compliance, intellectual property, privacy, cybersecurity, public policy and other critical aspects of the company’s businesses and operations. Perhaps most significantly, he will work closely with investors, clients and regulators on tZERO’s recent Security Token Offering, tZERO’s advisory services business and the partnership with BOX Digital Markets to launch of the world’s first S.E.C.-regulated exchange for trading security tokens. Konevsky and the team also expect to engage in thought leadership and advocacy on topics critical to tZERO and its ecosystem.

“Given Alan’s vast legal experience, we believe that his insight will be a valuable asset for the problem solving required to create the next generation of capital markets,” said tZERO CEO Saum Noursalehi.

“We view Alan as a key member of our team, especially considering the global perspective he has gained throughout the course of his career,” added tZERO COO Ralph Daiuto. “As blockchain continues to transform global finance at lighting speed, Alan will lead our legal efforts to ensure that tZERO remains at the forefront in an ever-changing environment.”

Konevsky was most recently the senior vice president, strategic initiatives and technology counsel at Mastercard. Prior to joining Mastercard, Konevsky was a managing director and senior counsel at Goldman Sachs in London and, before that, special counsel at Sullivan & Cromwell, an international law firm, in its London and New York offices. He graduated magna cum laude from Harvard Law School and summa cum laude from Columbia College, where he was elected to Phi Beta Kappa, and has been recognized in New York Super Lawyers and as a U.K. Young Deal Maker of the Year.

“I am thrilled to join the tZERO team at such an exciting juncture in its history, particularly as we are working to launch one of the world’s first regulated STO exchanges. I am looking forward to working closely with policymakers, regulators, business partners and other stakeholders in our ecosystem to create more efficient and transparent capital markets with blockchain technology,” said Konevsky.

tZERO was founded in 2014 with the goal of utilizing blockchain technology to revolutionize Wall Street so that financial processes could become less beholden to traditional institutional market structures and the mischief and financial instability they have been known, on occasion, to permit. tZERO is a portfolio company of Medici Ventures, Overstock.com’s blockchain subsidiary. For more information on tZERO, please visit:  tZERO.com.

About tZERO

tZERO Group, Inc. (“tZERO“) is a majority owned subsidiary of Overstock.com, focusing on the development and commercialization of financial technology (FinTech) based on cryptographically-secured, decentralized ledgers – more commonly known as blockchain technologies. Since its inception, tZERO has pioneered the effort to bring greater efficiency and transparency to capital markets through the integration of blockchain technology.

About Overstock.com

Overstock.com, Inc. Common Shares (NASDAQ:OSTK) / Series A Preferred (Medici Ventures’ tZERO platform: OSTKP) / Series B Preferred (OTCQX:OSTBP) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, décor, rugs, bedding, and home improvement. In addition to home goods, Overstock.com offers a variety of products including jewelry, electronics, apparel, and more, as well as a marketplace providing customers access to hundreds of thousands of products from third-party sellers. Additional stores include Pet Adoptions and Worldstock.com dedicated to selling artisan-crafted products from around the world. Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. Overstock regularly posts information about the company and other related matters under Investor Relations on its website, http://www.overstock.com.

O, Overstock.com, O.com, Club O, Main Street Revolution, and Worldstock are registered trademarks of Overstock.com, Inc. O.biz and Space Shift are also 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 June 30, 2018, which was filed with the SEC on August 9, 2018, and any subsequent filings with the SEC.

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PUB: 12/19/2018 11:18 AM/DISC: 12/19/2018 11:18 AM


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