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Overland Storage Presents SRM Webcast Featuring Enterprise Storage Group Analyst Nancy Marrone

December 5, 2002

'Automate Storage Processes to Manage More Storage with Fewer Resources' Airs Dec. 10

SAN DIEGO, Dec. 5 /PRNewswire-FirstCall/ -- Overland Storage, Inc. (Nasdaq: OVRL), a leading provider of storage solutions, will host a Webcast for IT professionals, "Automate Storage Processes to Manage More Storage with Fewer Resources," featuring Nancy Marrone, senior analyst for Enterprise Storage Group. Scheduled for Tuesday, Dec. 10, at noon EST, the Webcast will focus on the role of Storage Resource Management (SRM) in today's modern IT environments.

Effectively managing storage resources is an IT task that requires accurate information, unambiguous priorities and a set of tools to automate storage management processes. Ms. Marrone will discuss how SRM can help IT professionals best use their storage assets, migrate to new storage technologies more efficiently, facilitate business continuity and disaster recovery planning, plan for SAN and NAS implementations, and shorten backup windows.

"SRM is the one technology that must be in place before you take on any other storage initiative," Ms. Marrone said. "Inefficient use of storage assets increases costs in all areas of IT. Making better use of storage assets will lower costs and improve reliability."

Ms. Marrone has a 16-year history in the computer and networking business with companies such as Hewlett Packard and Tektronix. A recognized IP expert, she joined Enterprise Storage Group in late 2000 to help clients understand the coming Storage and Networking convergence.

For more information and to register for this free Webcast, please visit http://searchstorage.techtarget.com/webcasts/.

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.

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 or future 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 economic conditions and 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 any new hardware, software or other product introduction by the company and its competitors, general competition and price pressures in the marketplace and the company's ability to control costs and expenses. 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.

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SOURCE Overland Storage, Inc.

/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./

/Web site: http://searchstorage.techtarget.com/webcasts/