Overland Storage Named to Network World 200
May 16 2005 - 7:30AM
PR Newswire (US)
Overland Storage Named to Network World 200 SAN DIEGO, May 16
/PRNewswire-FirstCall/ -- The success of its REO SERIES(TM)
disk-based backup appliances and NEO SERIES(TM) of automated tape
libraries have propelled Overland Storage, Inc. (NASDAQ:OVRL) onto
the esteemed Network World 200. The Network World 200 Issue, part
of Network World magazine's premier Signature Series, is an annual
guide to the 200 biggest North American public companies in the
network industry. It ranks the companies by revenue, profits,
growth and other key financial measurements. This marks Overland's
first year on the Network World 200, demonstrating the company's
impressive growth in recent years. With well over a 1,000 REO units
shipped to date and NEO tape libraries continuing to provide
long-term archival of essential data, Overland offers the ideal
foundation for disk-to-disk-to-tape (D2D2T) environments. "We're
honored to be recognized by Network World for our substantial
growth alongside the top companies in the network industry," said
Christopher Calisi, president and chief executive officer, Overland
Storage. "Through the continued development of our REO and NEO
solutions, we are meeting the growing need for fast, reliable data
backup, and we look forward to achieving even greater levels of
success." A recent report from IDC shows continued market
leadership for Overland's NEO SERIES, identifying the award-winning
family of libraries as Europe's most widely sold tape library in
2004. Freeman Reports' annual Tape Library Outlook, issued in April
2005, recognizes the NEO for unit volume growth in every major tape
technology, including LTO1, LTO2, and SDLT. Additionally, the REO
has been named market leader by Enterprise Strategy Group. An
overview of Overland's position on the Network World 200 is
available at:
http://www.networkworld.com/nw200/2005/companyprofile.jsp?_tablename=nw2005&co
mpanyname='Overland+Storage. The complete Network World 200
interactive database is also online at:
http://www.nwfusion.com/nw200/2005. About Network World Network
World, Inc., the leader in network knowledge, empowers network IT
Executives through education, information and community. Network
World, an IDG company, is the leading provider of news, analysis,
reviews, events and education on information technology. Network
World publishes the leading newsweekly, Network World, hosts the
most active online community, Network World Fusion
(http://www.nwfusion.com/), and produces educational seminars and
events worldwide. Network World's portfolio of strategic marketing
programs provides marketing and agency professionals with the tools
to generate high-quality leads, optimize marketing campaigns, and
create new revenue opportunities. About IDG International Data
Group (IDG) is the world's leading technology media, research, and
event company. A privately-held company, IDG publishes more than
300 magazines and newspapers including Bio-IT World, CIO, CSO,
Computerworld, GamePro, InfoWorld, Network World and PC World. The
company features the largest network of technology-specific Web
sites with more than 400 around the world. IDG is also a leading
producer of more than 170 computer-related events worldwide
including LinuxWorld Conference & Expo(R), MacworldConference
& Expo(R), DEMO(R), and IDC Directions. IDC provides global
market research and advice through offices in 50 countries. Company
information is available at http://www.idg.com/. About Overland
Storage For nearly 25 years, Overland Storage has delivered
world-class data protection solutions designed to ensure business
continuity. Focused on backup and recovery, Overland's
award-winning data protection solutions include the REO SERIES(TM)
of disk-based backup and recovery appliances and the NEO SERIES(TM)
of tape libraries. Overland Storage sells its products worldwide
through leading OEMs, commercial distributors, storage integrators
and value-added resellers. For more information, visit Overland's
web site at http://www.overlandstorage.com/. 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 and satisfaction with current
prospects, as well as words such as "believe," "intends,"
"expects," "plans," "anticipates" and variations thereof, 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 the company's actual results
could differ materially from those contained in such statements.
Factors that could cause or contribute to such differences include
delays, unbudgeted expenses, inefficiencies and production problems
that may result from the transition of manufacturing to
Sanmina-SCI; difficulty of predicting sales to the company's major
OEM customer; worldwide information technology spending levels;
unexpected shortages of critical components; rescheduling or
cancellation of customer orders; loss of a major customer; the
market acceptance of the company's REO product line; delays in new
product introductions by the company, including the company's new
software PACs and REO operating system; the timing and market
acceptance of new product introductions by competitors; the timing
and amount of licensing royalties; general competition and price
pressures in the marketplace; the company's ability to control
costs and expenses; and general economic conditions. Reference is
also made to other factors set forth in the company's filings with
the Securities and Exchange Commission, including the "Risk
Factors," "Management's Discussion and Analysis" and other sections
of the company's Form 10-K for the most recently completed fiscal
year. These forward-looking statements speak only as of the date of
this release and the company undertakes no obligation to publicly
update any forward-looking statements to reflect new information,
events or circumstances after the date of this release. Overland,
Overland Storage, REO SERIES and NEO SERIES are trademarks or
registered trademarks of Overland Storage, Inc. DATASOURCE:
Overland Storage, Inc. CONTACT: Melinda Hutcheon, PR Manager of
Overland Storage, +1-858-495-4187, ; or Jamie Ernst of Brodeur,
+1-210-495-5757, , for Overland Storage Web site:
http://www.idg.com/ Web site: http://www.nwfusion.com/nw200/2005
Web site: http://www.nwfusion.com/ Web site:
http://www.overlandstorage.com/
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