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Overland Storage to Present at Fifth Annual Needham Growth Conference

December 20, 2002

SAN DIEGO, Dec. 20 /PRNewswire-FirstCall/ -- Overland Storage, Inc. (Nasdaq: OVRL), a leading provider of storage solutions, will present at New York-based Needham & Company's Fifth Annual Needham Growth Conference on Jan. 7, at the New York Palace Hotel. Christopher Calisi, Overland president and CEO, and Vern LoForti, vice president and CFO, will provide an overview of the company, its strategy and success within the storage market.

More than 250 companies are expected to present at the Fifth Annual Growth Conference. For additional details, visit the Needham & Company Web site at www.needhamco.com/Conferences/conferences.html .

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 its award-winning automated storage 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 .

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SOURCE Overland Storage, Inc.

-0- 12/20/2002

/CONTACT: Investors, Cynthia A. Bond, Director of Corporate Communications of Overland Storage, Inc., +1-858-571-5555, cbond@overlandstorage.com ; or Media, Jamie Ernst of Brodeur Worldwide, +1-310-316-9335, jernst@brodeur.com , for Overland Storage, Inc./

/Web site: http://www.needhamco.com/Conferences/conferences.html /