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Reflects Market-Leading Position in Storage Solutions

Overland Storage, Inc., previously Overland Data, Inc., became the new name for the fastest growing provider of mid-range storage solutions. The name change reflects the Company’s expanded commitment to both software and hardware storage solutions designed to deliver automated storage management. At a special meeting held on June 28, 2002, shareholders approved the name change that became effective following the meeting.

“Our mission is to provide world-class storage management solutions designed to ensure business continuity. In so doing, Overland empowers our customers to compete more effectively in the information age,” said Christopher Calisi, president and CEO of Overland Storage. “For many years we have been known as a leading supplier of innovative automated tape libraries. Since arriving at Overland slightly over a year ago, it has been my goal to expand our reach into adjacent markets. This desire led to the creation of our new software business unit and the recent launch of our family of storage management software solutions, again, targeted at the mid-range market. Our corporate name change to Overland Storage highlights our expanded strategy, and reflects our storage-focused mission statement.”

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About Overland Storage

Overland Storage, Inc. (NASDAQ: OVRL) is a global supplier of innovative hardware and software storage solutions for mid-range computer networks. The Company's reputation for delivering high availability products, including the award-winning NEO Series™ of tape libraries, sets the standard for intelligent, automated and scalable storage solutions. Overland sells its products worldwide through leading OEMs, commercial distributors, storage integrators and value-added resellers.

For more information, visit Overland’s Web site at

Press Contact:

Howard Rippiner
Overland Data (Europe) Ltd.
+44 (0) 1189 898022

Sian Ford/Alex Murphy
Strategic Alliance International
+44 (0) 1494 434434

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