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Overland Storage to Present at RBC Capital Markets System Area Networks Conference

December 23, 2002

SAN DIEGO, Dec. 23 /PRNewswire-FirstCall/ -- Overland Storage, Inc. (Nasdaq: OVRL), a leading provider of storage solutions, will present at RBC Capital Markets System Area Networks Conference, on Jan. 9, 2003, at The Plaza in New York. Christopher Calisi, Overland president and CEO, and Vern LoForti, vice president and CFO, will provide an overview of the company, its growth strategy and trends affecting the storage industry.

More than 50 companies were invited to participate in the System Area Networks Conference. For additional details, contact RBC Capital Markets at 612.371.7752 or visit www.rbccm.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 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 .

SOURCE Overland Storage, Inc.

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/CONTACT: Investor Relations, 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.rbccm.com /