News Release

SAN DIEGO, Aug. 1 /PRNewswire-FirstCall/ --

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 fourth quarter
ended June 30, 2006.

When: Thursday, August 10, 2006
9:30 a.m. EDT
A press release discussing earnings will be issued
prior to the market opening.

Call Info: (800) 709-0218
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 Cynthia Bond at
(858) 495-4269 or email her at
cbond@overlandstorage.com.

Audio Replay Info: Domestic: (800) 633-8284
International: (402) 977-9140
To access the replay, enter passcode 21300718. The
audio replay of the conference call will be
available until 11:30 p.m. EDT on Thursday,
August 31, 2006.

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.
08/01/2006
CONTACT: Cynthia Bond of Overland Storage, Inc., +1-858-495-4269 or cbond@overlandstorage.com
Web site: http://www.overlandstorage.com
(OVRL)