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Overland Storage, Inc. Fiscal Year 2003 and Fourth Quarter Financial Results Conference Call and Webcast

August 4, 2003

SAN DIEGO--(BUSINESS WIRE)--Aug. 4, 2003--Overland Storage, Inc. (NASDAQ:OVRL):

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 fiscal year 2003 and fourth quarter financial
             results ended June 30, 2003.

When:        Tuesday, August 12, 2003
             10:30 a.m. (EDT)
             A press release discussing earnings will be issued prior
             to the market opening.

Call Info:   (888) 209-3907
             Please dial-in at least 5 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 Aimee
             Reinard at (858) 503-4316 or email her at
             areinard@overlandstorage.com.

Audio
Replay Info: Domestic: (800) 633-8284
             International: (402) 977-9140
             (To access the replay, enter passcode 21156004)
             The audio replay of the conference call will be available
             until 12:30 p.m. (EDT) on Friday, August 15, 2003.

Webcast
Replay Info: To access an archived audio replay of the webcast on the
             internet, please visit our audio archive section of our
             website at (http://www.overlandstorage.com/replay)
             The webcast replay will become available approximately 2
             hours after the completion of the call.


Contact:
     Overland Storage, Inc.
     Vernon A. LoForti / Cynthia A. Bond, 858-571-5555
     vloforti@overlandstorage.com / cbond@overlandstorage.com