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Overland Storage Schedules Fiscal Year 2004 and Fourth Quarter Conference Call and Webcast

August 2, 2004

SAN DIEGO--(BUSINESS WIRE)--Aug. 2, 2004--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 financial results for fiscal year 2004 and
             fourth quarter ended June 30, 2004.

When:        Friday, August 13, 2004
             10:30 a.m. (EDT)
             A press release discussing earnings will be issued prior
             to the market opening.

Call Info:   (800) 732-9461
             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 Hillary
             Huffmire at (858) 503-4316 or email her at
             HHuffmire@overlandstorage.com.

Audio
Replay Info: Domestic: (800) 633-8284
             International: (402) 977-9140
             (To access the replay, enter passcode 21204217)
             The audio replay of the conference call will be available
             until 12:30 p.m. (EDT) on Monday, August 16, 2004.

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.
Hillary Huffmire, 858-503-4316
HHuffmire@overlandstorage.com

SOURCE: Overland Storage, Inc.