News Release

    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 fiscal year 2005 and fourth
                  quarter ended June 30, 2005.

    When:         Monday, Aug. 15, 2005
                  10:30 a.m. EDT
                  A press release discussing earnings will be issued prior to
                  the market opening.

    Call Info:    (800) 443-6324
                  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 21250754. The audio
                  replay of the conference call will be available until
                  12:30 p.m. EDT on Friday, Aug. 19, 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.
    -0-                             08/05/2005
    /CONTACT:  Alisa Kesler of Overland Storage, Inc., +1-858-503-4316 or
akesler@overlandstorage.com/
    /Web site:  http://www.overlandstorage.com /
    (OVRL)

CO:  Overland Storage, Inc.
ST:  California
IN:
SU:  CCA

JO
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7301 08/05/2005 16:34 EDT http://www.prnewswire.com