Overland Storage Names George Karabatsos Vice President of Sales
August 10 2005 - 3:49PM
PR Newswire (US)
Former StorageTek Executive Brings More Than 20 Years of Sales
Experience to Protected Storage Leader SAN DIEGO, Aug. 10
/PRNewswire-FirstCall/ -- Overland Storage, Inc. (NASDAQ:OVRL)
today announced the appointment of George Karabatsos to its
executive team as vice president of worldwide sales. Karabatsos
will oversee the organization's global sales efforts; further
strengthen the company's relationships with its partners; and drive
revenue growth across the company's range of cost-effective,
end-to-end protected storage solutions. "We are thrilled to add
someone of George's caliber to our already strong executive team,"
said Christopher Calisi, president and CEO, Overland Storage. "His
20-year track record of successfully building and managing
high-performance, results-driven channel sales organizations makes
him the ideal choice for Overland Storage -- particularly as we
prepare to enter the protected primary storage market." Karabatsos
comes to Overland Storage from StorageTek, where he was vice
president, reseller channel sales and marketing. During that time,
he doubled the company's channel business and was named a VAR
executive of the year by VARBusiness. Karabatsos also re-engineered
StorageTek's North American channel business model and managed the
company's field sales organization. "As an indirect-only sales
organization, Overland Storage has built incredibly strong
relationships with its partners," Karabatsos said. "Overland's
loyal resellers and distributors will become even more critical as
the company continues to deliver new, innovative solutions for
today's most pressing data protection challenges. I look forward to
further developing Overland's partner relationships." Prior to
joining StorageTek in 2001, Karabatsos spent more than 10 years at
Seagate Technology Corporation, where he held a number of executive
management positions in sales and marketing, including vice
president of the Americas distribution channel and vice president
of OEM sales. Prior to that, he held management and sales positions
with Maxtor, Memorex and Verbatim. Karabatsos holds a bachelors
degree in social science from San Jose State University. About
Overland Storage Now in its 25th year, Overland Storage is a market
leader and innovative provider of simply protected storage
solutions -- smart data protection appliances and software modules
designed to work together, affordably, to ensure that information
is automatically safe, readily available and always there.
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 sells its products 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
risks and uncertainties associated with the company's acquisition
of Zetta Systems, Inc., including possible integration difficulties
and successful execution of the business plan to make the
acquisition accretive to the company's operating results by the
first quarter of fiscal year 2007; possible delays in new product
introductions by the company including the new primary storage
appliance to be based on the Zetta software, the company's next
generation tape library platform and enhancements to its REO line;
market acceptance of the company's new product offerings; the
timing and market acceptance of new product introductions by
competitors; the speed at which HP transitions from the products it
currently buys from the company to its next-generation products to
be purchased from another vendor; delays, unbudgeted expenses,
inefficiencies and production problems that may result from the
transition of manufacturing to Sanmina-SCI; worldwide information
technology spending levels; unexpected shortages of critical
components; rescheduling or cancellation of customer orders; loss
of a major customer; 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
currently on file with the SEC. 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.overlandstorage.com/
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