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Overland Storage Schedules First Quarter Fiscal Year 2006 Conference Call and Webcast

October 18, 2005
     Who:       Overland Storage, Inc. (Nasdaq: OVRL) executives:
                Christopher Calisi, president and CEO
                Vernon A. LoForti, vice president and CFO

     What:      Conference call and live audio Webcast
                (http://www.overlandstorage.com/webcast):
                Detailing financial results for the first quarter ended
                September 30, 2005.

     When:      Thursday, October 27, 2005
                9:00 a.m. EDT
                A press release discussing earnings will be issued prior to
                the market opening.

     Call Info: (888) 293-1197
                Please dial-in at least five 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, please call Alisa
                Kesler at (858) 503-4316 or email her at
                akesler@overlandstorage.com.

     Audio
     Replay Info:  Domestic: (800) 633-8284
                   International: (402) 977-9140
                   To access the replay, enter passcode 21264424.  The audio
                   replay of the conference call will be available until
                   11:00 a.m. EST on Friday, November 18, 2005.


     Webcast
     Replay Info:  To access an archived audio replay of the Webcast on the
                   Internet, please visit the audio archive section of our
                   Website at http://www.overlandstorage.com/replay
                   The Webcast replay will become available approximately two
                   hours after the completion of the call.


SOURCE Overland Storage, Inc.
CONTACT:
Alisa Kesler of Overland Storage, Inc.,
+1-858-503-4316,
akesler@overlandstorage.com.
Web site: http://www.overlandstorage.com/webcast
http://www.overlandstorage.com/replay