Overland Storage Appoints Vic Mahadevan to Its Board of

Overland Storage Appoints Vic Mahadevan to Its Board of Directors 
SAN DIEGO, CA -- (Marketwire) -- 11/13/12 --  Overland Storage
(NASDAQ: OVRL), a trusted global provider of effortless data
management and data protection solutions across the data lifecycle,
today announced the appointment of Vic Mahadevan to its Board of
Directors, effective November 13, 2012. Mr. Mahadevan was previously
chief strategy officer at NetApp, and has over 25 years of senior
level strategic planning and marketing experience. He assumes the
Board seat vacated by the resignation of Shmuel Shottan. 
"Vic's extensive knowledge and experience within data management and
storage, including sales and marketing, strategic partnerships,
product management, and long term strategic planning, will be a
tremendous asset as we focus on accelerated revenue growth through
continued adoption of our products in the marketplace," said Eric
Kelly, President and CEO of Overland Storage. "We look forward to his
contributions as we pursue opportunities to expand into new markets.
I would also like to take this opportunity to thank Shmuel for his
service and technology leadership, and wish him well as he takes on
added responsibility in his expanded role within the Hitachi Data
Systems organization." 
Until 2012, Mr. Mahadevan was most recently chief strategy officer of
NetApp and was responsible for long-term strategy and M&A for the
company. This responsibility included developing go-to-market
strategies with numerous global system integrators, forging
significant strategic alliance partnerships, and initiating growth
strategies to diversify global revenue. He also previously served as
chief executive officer of Deeya Energy, NeoEdge Networks and MaXXan
Systems (now CipherMax), as well as in executive positions at iVita
and at LSI Corporation, where he served as vice president of
marketing and oversaw all aspects of product management, outbound
marketing, and business alliances. 
About Overland Storage
 Overland Storage is a trusted global provider
of effortless data management and data protection solutions across
the data lifecycle. By providing an integrated range of technologies
and services for primary, nearline, offline, archival and cloud data
storage, Overland makes it easy and
 cost effective to manage
different tiers of information over time. Overland SnapServer(R),
SnapSAN(TM), NEO(R) and REO(R) solutions are available through a
select network of value added resellers and system integrators. For
more information, visit http://www.overlandstorage.com/. 
Safe Harbor Statement
 Except for the factual statements made herein,
the information contained in this news release consists of
forward-looking statements that involve risks, uncertainties and
assumptions that are difficult to predict. Words and expressions
reflecting optimism, satisfaction or disappointment with current
prospects, as well as words such as "believes," "hopes," "intends,"
"estimates," "expects," "projects," "plans," "anticipates" and
variations thereof, or the use of future tense, identify
forward-looking statements, but their absence does not mean that a
statement is not forward-looking. Such forward-looking statements are
not guarantees of performance and our actual results could differ
materially from those contained in such statements. Factors that
could cause or contribute to such differences include, but are not
limited to: our ability to maintain and increase sales volumes of our
products; our ability to continue to aggressively control costs and
operating expenses; our ability to achieve the intended cost savings
and maintain quality with our new manufacturing partner; our ability
to generate cash from operations; the ability of our suppliers to
provide an adequate supply of components for our products at prices
consistent with historical prices; our ability to raise outside
capital and to repay our debt as it comes due; our ability to
introduce new competitive products and the degree of market
acceptance of such new products; the timing and market acceptance of
new products introduced by our competitors; our ability to maintain
strong relationships with branded channel partners; our ability to
maintain the listing of our common stock on the NASDAQ Capital
Market; customers', suppliers' and creditors' perceptions of our
continued viability; rescheduling or cancellation of customer orders;
loss of a major customer; general competition and price measures in
the market place; unexpected shortages of critical components;
worldwide information technology spending levels; and general
economic conditions. Reference is also made to other factors detailed
from time to time in our periodic reports filed with the Securities
and Exchange Commission. These forward-looking statements speak only
as of the date of this release and we undertake no obligation to
publicly update any forward-looking statements to reflect new
information, events or circumstances after the date of this release. 
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Overland Storage, SnapSAN, SnapServer, NEO Series, REO Series and the
Overland logo are trademarks of Overland Storage, Inc., that may be
registered in some jurisdictions. All other trademarks used are owned
by their respective owners. 
Investor Relations Contact:
Charles Messman
Todd Kehrli
MKR Group Inc.
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