News Release

WHO:          Overland Data Inc. (NASDAQ:OVRL) executives:
              Christopher Calisi, President and CEO
              Vernon A. LoForti, VP and CFO
WHAT:         Overland Data Inc. will host a conference call and live
              audio webcast at
http://www.overlanddata.com/Overland.nsf/Pages/invovrw_siteframe.htm
              detailing first quarter FY2002 financial results ended
              Sept. 30, 2001.
WHEN:         5 p.m. (EDT) Thursday, October 18, 2001
              A news release on earnings will be issued after
              market close, approximately 45 minutes prior to
              the call.
CALL INFO:    800/585-9271
              Please dial-in at least 5 minutes prior to the start of
              the call.
              NOTE: Registration is required for access to the call
              via phone line. To reserve a line, call Aimee Reinard at
              858/503-4316 or e-mail her at areinard@overlanddata.com
AUDIO OR
REPLAY INFO:  Domestic: 800/633-8284     International: 858/812-6440
              (To access the replay, enter passcode 19770851)
              The audio replay of the conference call will be
              available until 7:30 p.m. EDT on Sunday, Oct. 21, 2001.
WEBCAST
REPLAY INFO:  To access an archived audio replay of the webcast
              on the Internet, visit our audio archive section of our
              Web site at
http://www.overlanddata.com/Overland.nsf/Pages/invaud_siteframe.htm.
              The webcast replay will be available approximately two
              hours after the completion of the call.

CONTACT:          Overland Data Inc., San Diego
                  Aimee Reinard, 858/503-4316
                  areinard@overlanddata.com

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