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Overland Storage Schedules Fourth Quarter Fiscal Year 2008 Conference Call and Webcast

July 31, 2008

SAN DIEGO, Jul 31, 2008 (BUSINESS WIRE) -- Overland Storage, Inc. (NASDAQ:OVRL):

Who:         Overland Storage, Inc. (NASDAQ:OVRL), Executives:
             Vernon A. LoForti, President and CEO
             Kurt Kalbfleisch, 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, 2008.

When:        Thursday, Aug. 7, 2008
             2:00 p.m. PDT
             A press release discussing earnings will be issued after
             the market closing.

Call Info:   800-732-6870
             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 Jessica Sepulveda at 858-495-4232
             or email her at jsepulveda@overlandstorage.com.

Audio
Replay Info: Domestic: 800-633-8284
             International: 402-977-9140
             To access the replay, enter passcode 21389162. The audio
             replay of the conference call will be available until
             8:30 p.m. PDT on August 29, 2008.

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.

HetzelMeade Communications
Sue Hetzel, 760-434-9927
Cell: 760-473-4729
Fax: 760-874-2825
Email: sue@hetzelmeade.com