News Release

SAN DIEGO, Jan 14, 2002 (BUSINESS WIRE) -- Overland Data Inc. (NASDAQ:OVRL), a market leader in enterprise and mid-range tape automation solutions, has scheduled its second quarter FY2002 conference call and webcast for Thursday, Jan. 17 at 10:30 a.m. EST.

The earnings announcement will detail second quarter FY2002 financial results ended Dec. 31, 2001.

Participating in the call will be Overland Data's Christopher Calisi, president and CEO and Vernon A. LoForti, vice president and CFO.

The earnings call will be available via live audio webcast at http://www.overlanddata.com/Overland.nsf/Pages/invovrw_siteframe.htm.

The earnings news release will be issued before the market opening -- approximately 7:30 a.m. EST. (Note new morning time -- previously scheduled for afternoon.)

    Call Info: 800/633-8749

Please dial-in at least 5 minutes prior to the start of the call. NOTE: Pre-registration is required for access to the call via phone line. To reserve a line, call Aimee Reinard at 858/503-4316 or email her at areinard@overlanddata.com.

Audio Replay Info:     Domestic: 800/633-8284
                       International: 858/812-6440
                       (To access the replay, enter passcode 20159607)
                       The audio replay of the conference call will be
                       available until 7:30 PM EST on Sunday, Jan. 20,
                       2002.
Webcast
Replay Info:           To access an archived audio replay of the
                       webcast on the internet, visit our audio
                       archive section of our website 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.

    About Overland

Overland is a global supplier of storage solutions and related technologies designed to meet and surpass the critical requirements of high-availability network computing environments, from entry level to the enterprise. The company is a recognized leader in technology innovation and product reliability. Its award-winning products meet the critical needs of end users, distributors and OEMs in industries worldwide.

CONTACT:          Overland Data Inc., San Diego
                  858/571-5555
                  Investor Relations:               
                  Cynthia A. Bond, Director-Corp. Communications
                  cbond@overlanddata.com                           
                  or
                  Vernon LoForti, CFO                    
                  vloforti@overlanddata.com                  
                  http://www.overlanddata.com
                  or
                  Mentus Inc.             
                  Chris Dale, 858/455-5500           
                  cdale@mentusonline.com   

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