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Overland Storage Schedules Second Quarter Fiscal Year 2007 Conference Call and Webcast

January 10, 2007

    Who:           Overland Storage, Inc. (Nasdaq: OVRL) executives:
                   Scott McClendon, chairman of the board,
                   interim 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 second quarter ended
                   December 31, 2006

    When:          Thursday, January 25, 2007
                   9:30 a.m. EST
                   A press release discussing earnings will be issued prior to

                   the market opening.

    Call Info:     (800) 731-1420
                   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 21324035.
                   The audio replay of the conference call will be available
                   until
                   11:30 p.m. EST on Thursday, February 15, 2007.

    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.


Cynthia Bond of Overland Storage, Inc.,
+1-858-495-4269, or
cbond@overlandstorage.com

http://www.overlandstorage.com/webcast