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

October 17, 2006
    SAN DIEGO, Oct. 17 /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 first quarter ended
                   September 30, 2006

    When:          Friday, October 27, 2006
                   9:30 a.m. EDT
                   A press release discussing earnings will be issued prior
                   to the market opening.

    Call Info:     (800) 731-2911
                   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 21307134. The audio
                   replay of the conference call will be available until
                   11:30 p.m. EDT on Friday, November 17, 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. 10/17/2006


CONTACT: Cynthia Bond of Overland Storage, Inc.,
+1-858-495-4269, or
cbond@overlandstorage.com
Web site: http://www.overlandstorage.com/webcast
http://www.overlandstorage.com/replay (OVRL)
2333 10/17/2006 12:52 EDT http://www.prnewswire.com