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Overland Storage and BakBone Software Announce Verified Interface Operations

March 3, 2003
SAN DIEGO, Mar 3, 2003 /PRNewswire-FirstCall via COMTEX/ --

Overland's SRM and BakBone's NetVault Provide Powerful Tools to Optimize Storage Performance and Increase Backup Reliability

Overland Storage, Inc. (Nasdaq: OVRL), a leading provider of storage solutions, announced that BakBone Software's NetVault(TM) (OTC Bulletin Board: BKBOF; Toronto: BKB), has successfully been verified for advanced interface operations with Overland's Storage Resource Manager (SRM) software. Users deploying these two products together are assured of seamless operation, providing lower costs and more reliable network backup operations.

With Overland SRM's powerful analysis tools, an IT manager can quickly and confidently decrease the time required to perform backup operations without worrying about missing vital enterprise information. Automated file discovery tools and powerful reports reveal dormant, duplicate or non-business files prior to backup, allowing IT professionals to compress, migrate or delete the unnecessary data. Eliminating unneeded and duplicate files safely reduces the amount of enterprise data, decreasing the time required to perform the backup operation.

BakBone's NetVault provides customers a feature rich, high performance enterprise backup and recovery solution. Overland's SRM complements NetVault with third party verification by examining the enterprise file systems after the backup and producing a consolidated backup exposure report for all clients. Together they provide IT managers with reliable enterprise data protection assurance.

"BakBone and Overland are providing IT professionals the tools they need to eliminate unnecessary costs and risks from their operations," said John Cloyd, vice president of Overland's storage management business unit. "Overland and BakBone software engineers verified that our software products work consistently and reliably together. We have barely scratched the surface of integrating SRM functionality with both the backup and recovery aspects of business continuity planning. We look forward to working with BakBone to bring additional integrated tools to our users in the future."

"Working with Overland provides our customers another option for managing their storage and assuring that their data has been safely backed up according to their requirements," said Randy Batterson, vice president of strategic alliance, BakBone Software. "Overland SRM combined with our software allows our customers to clean up the data before the backup runs and verify that the right things were captured after the backup ends. This opens exciting new possibilities to lower cost while increasing the efficiency and reliability of storage resources."

BakBone will be a featured company in Overland's SRM software demonstrations, and both companies will promote this solution in upcoming marketing activities. To learn more about this offering, please visit: http://www.overlandstorage.com/PDFs/srm_netvault.pdf

About BakBone Software

BakBone Software (OTC Bulletin Board: BKBOF; Toronto: BKB) is an international storage management software company that develops and globally distributes high-performance software solutions to the network storage and open systems markets. BakBone's backup and restore software provides scalable data protection from the workgroup to the enterprise. Founded in 2000, BakBone Software's products are used by companies worldwide, and are distributed through a network of OEMs and solution providers.

BakBone's corporate headquarters is located at 10145 Pacific Heights Boulevard, San Diego, California 92121. Its stock is listed on the Toronto Stock Exchange. For more information on BakBone products, call (866) 484-2663, e-mail sales@bakbone.com, or access BakBone's web site at www.bakbone.com.

About Overland Storage

Overland Storage, Inc. (Nasdaq: OVRL) is a leading global supplier of innovative hardware and software storage solutions for mid-range computer networks. The Company's reputation for delivering high availability products, including the award-winning NEO Series(TM) of tape libraries and the industry's first family of fully open storage management software solutions, sets the standard for intelligent, automated and scalable storage. Overland sells its products worldwide through leading OEMs, commercial distributors, storage integrators and value-added resellers. For more information, visit Overland's Web site at www.overlandstorage.com.

Except for the factual statements made herein, the information contained in this news release consists of forward-looking statements that involve risks, uncertainties and assumptions that are difficult to predict. Words and expressions reflecting optimism and satisfaction with current prospects, as well as words such as "believe," "intends," "expects," "plans," "anticipates" and variations thereof, identify forward-looking statements, but their absence does not mean that a statement is not forward looking. Such forward-looking statements are not guarantees of performance and the company's actual results could differ materially from those contained in such statements. Factors that could cause or contribute to such differences include continuing transitional issues at the Company's major OEM customer, technology spending levels, unexpected shortages of critical components, rescheduling or cancellation of customer orders, loss of a major customer, the timing and market acceptance of new product introductions by the company, including the launch of the company's new software products, its competitors or its licensees, the timing and amount of licensing royalties, general competition and price pressures in the marketplace, the company's ability to control costs and expenses and economic conditions. Reference is also made to other factors set forth in the company's filings with the Securities and Exchange Commission, including the "Risk Factors," "Management's Discussion and Analysis" and other sections of the company's Form 10-K for the most recently completed fiscal year. These forward-looking statements speak only as of the date of this release and the company undertakes no obligation to publicly update any forward-looking statements to reflect new information, events or circumstances after the date of this release.

SOURCE Overland Storage, Inc.; BakBone Software

CONTACT: Investor Relations, Cynthia A. Bond, Director of Corporate Communications of Overland Storage, Inc., +1-858-571-5555, cbond@overlandstorage.com; or Media Inquiries, Jamie Ernst of Brodeur Worldwide, +1-310-316-9335, jernst@brodeur.com, for Overland Storage, Inc.; or Chanda Idano, Marketing Communication of BakBone Software, +1-858-795-7580, chandai@bakbone.com URL: http://www.bakbone.com http://www.prnewswire.com

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