The PRWIRE Press Releases https:// 2004-03-16T15:46:00Z AnexTEK appoints Digital Tape Solutions (DTS) as new Distributor for Storage Networking Solutions 2004-03-16T15:46:00Z anextek-appoints-digital-tape-solutions-dts-as-new-distributor-for-storage-networking-solutions AnexTEK Global Inc, a storage networking solutions provider wholly owned by the Wistron group has signed on Digital Tape Solutions (DTS) as Anexteks authorised storage networking solutions distributor in Australia. Effective immediately DTS will support Anextek in its goal to expand its channel coverage in the Australian market and offer Anexteks latest storage networking solutions. According to Jack Yeh, AnexTEKs Asia Pacific Product Manager, the decision to appoint DTS in Australia was based on several reasons. DTS is a leading specialist distributor of storage products which include DAS, NAS and SAN solutions in Australia. DTS also has strong service & support and a solid channels system in the IT storage field of Australia. We deeply believe that we could successfully promote our cost-effective, excellent storage products including DAS (AccuSTOR series) / NAS (NS/FS/SANGenie 215R series) / SAN solutions (IPSNS) and extend our service in Australia through this mutual co-operation. Winning the AnexTEK distributorship reinforces our storage focus on Tape and Disk storage in Australia and N.Z., said Victor Koshka, National Sales Manager of DTS. AnexTEK offers our customers a very cost effective and up-to-date offering in RAID, JBOD and NAS technology that can address the growing SME market. We are very happy to be working with the AnexTEK Corporation and providing their products in Australia DTS is a value-added distributor with over 9 years experience and specialises in providing storage and data management solutions to major channel partners in the Australian marketplace. About Digital Tape Solutions Digital Tape Solutions Pty Ltd is the leading specialist distributor of DLTape and LTO drives and Autoloader library systems in Australia. DTSs product range covers hardware and software including common tape drives, autoloaders, backup software as well as media and accessories. DTS also provides a broad range of Data Storage solutions encompassing RAID, NAS, SAN, along with inherent warranty and technical support services. Working exclusively through Reseller Channels, DTS offers customers the best product supply and technical support possible on high performance backup and other magnetic data storage solutions For further information please visit www.dlt.com.au About AnexTEK AnexTEK currently offers a diverse customer-centric storage networking product line including DAS (Direct Attached Storage), NAS (Network Attached Storage) and Fibre Channel SAN (Storage Area Network) systems. On top of that, AnexTEK provides integrated solutions -- IPSNS (IP-based Storage Networking Solutions), designed to meet the demands of storage-intensive environments such as Data Centers, MIS departments, Surveillance Systems and Multimedia companies. AnexTEK also supplies storage-based digital security solutions to meet the long-term requirements of data-rich digital video surveillance systems. The name "AnexTEK" comes from the company's main direction which is to focus on developing and promoting "next-generation technology" products & solutions. Web: http://www.anextek.com Exabyte VX-2 Tape Drives Selected By Toshiba and New Mexico Software 2003-06-20T17:53:00Z exabyte-vx-2-tape-drives-selected-by-toshiba-and-new-mexico-software Exabyte Corporation (OTCBB: EXBT), a performance and value leader in tape backup systems, today announced that VXA-2 tape drives and automation solutions have been selected by Toshibas Computer Systems Group and New Mexico Software (OTCBB: NMXS) to provide data backup, retrieval and archiving activities for the mission-critical documents managed by the Toshiba Magnia Z310 server preloaded with New Mexico Softwares Digital Filing Cabinet (DFC) document management solution. New Mexico Software selected Exabytes VXA-2 tape storage technology because it offers unbeatable reliability, capacity and automation at a price that makes it a very reliable yet affordable backup solution for our customers, said Dick Govatski, CEO of New Mexico Software. When customers buy the DFC, they are getting a truly superior document management solution the VXA storage technology is an ideal complement to this solution to give customers the peace of mind of unmatched data integrity, ease of management and low cost. The Toshiba-New Mexico Software DFC serves as a central repository for important documents and images that would otherwise be stored in disparate locations and in a variety of formats. The DFC is a complete, plug-and-play, Web-enabled document imaging management system that includes a web server, database, image server, administration tools, multi-function network printer connectivity, (CE) control environment for permissions, batch editor, and a customization kit for companies to tailor the server to their needs. The solution is designed to meet the stringent document management needs of the medical industry, the financial services industry, professional services firms and other environments where effective tracking and management of documents is a mission-critical activity. This is a significant endorsement from Toshiba and New Mexico Software because data restore reliability is absolutely critical for the data that is managed by the Magnia servers and Digital Filing Cabinet software, said Tom Ward, CEO of Exabyte Corporation. Customers who use the DFC are managing documents that are indispensable, irreplaceable corporate assets, and documents of that importance deserve a backup solution that has the best reliability in the industry. VXA offers unmatched data integrity, capacity, speed and pricing that have made it the backup technology of choice for a growing number of OEMs, resellers and end users. VXA-2 dramatically increases the capacity and performance available to tape users who seek an alternative to the aging DDS technology at similar pricing for drives and media. The VXA-2 drive can record up to 160 GB (compressed)* to a single cartridge at a data transfer rate of up to 12 MB/sec (compressed)* which is 4x the capacity and 2x the speed of DDS-4 and 2x the capacity and 2x the speed of DDS-5. Three interface options will be available including Ultra2 Wide SCSI, IDE/ATAPI, and FireWire, providing support for a wide range of computing platforms and operating systems. VXA-2 delivers full read and write compatibility with VXA-1, protecting the investment of users who have already chosen VXA technology. For more information about VXA-2, visit www.exabyte.com/products/. For more information about New Mexico Software products, visit www.nmxs.com. About VXA Tape Technology First introduced in 1999, Exabytes award-winning VXA technology is the most significant advancement in tape storage technology in the last decade. VXA tape products offer a unique combination of reliability, performance and value. VXA tape drives feature higher capacity and faster data transfer rates at the same price point as DDS. Moreover, VXA offers superior reliability, based on an innovative read/write architecture with a highly reliable packet format, designed for 100 percent data restore. Also, the published VXA roadmap currently extends through four successive generations, ensuring long-term protection of users investments in drives and media. VXA-2 has now been selected by many OEMs, including IBM for three of its popular, business-class server lines iSeries, pSeries and xSeries providing a definitive endorsement of VXA-2 as the new standard for tape storage in its class. About New Mexico Software (NMXS) New Mexico Software (OTCBB: NMXS) is a leading provider of next generation content management solutions for digital asset management and on-line accounting systems. NMXS is the only public company providing full ASP services for content owners to better digitize, encode, store, manage, license, and distribute digital files. The company offers four trademarked software products including AssetWare, which provides enterprise-level digital asset management, Dynamic Imaging Server, which features our Unity Architecture, MagZoom, which magnifies details of Internet images and BigDox, which enables rapid Internet transport of limitless size files. About Exabyte Corporation Exabyte Corporation (OTCBB: EXBT) provides innovative tape storage solutions to customers whose top buying criteria is value: capacity, speed, reliability and ease-of-use at a price they can afford. Exabyte, an industry innovator since 1987, is the recognized value-leader in tape storage and automation solutions for workstations, LANs and SANs. With groundbreaking VXA Discrete Packet Technology, the most significant advancement in tape in the last decade, Exabytes VXA-2 solutions provide SMB and Departmental users dramatically higher capacity, speed and reliability at competitive prices. Exabytes drives and automation products are rugged, robust and reliable solutions for users of VXAtape, LTO (Ultrium) and MammothTape. Exabyte has a worldwide network of OEMs, distributors and resellers that share the companys commitment to value and customer service, including partners such as IBM, HP, Fujitsu Siemens Computers, Bull, Toshiba, Logitec, Apple Computer, Tech Data, Ingram Micro and Arrow Electronics. For additional information, call 1-800-EXABYTE or visit www.exabyte.com. For investor relations inquiries, contact Kelly Beavers at investor@exabyte.com. Exabyte is distributed in Australia by Digital Tape Solutions (02) 9496 1111 ### *Data capacities and transfer rates for VXA drives assume a compression ratio of two-to-one. Actual compression will vary depending on the nature of the data and the drive and media quality. Exabyte, VXA and M2 are registered trademarks, and, MammothTape is a trademark of Exabyte Corp. Magnia is a registered trademark of Toshiba America Information Systems, Inc. All other trademarks, trade names, service marks, and logos referenced herein belong to their respective companies. St. Bernard Software Releases UpdateEXPERT V6.0 2003-04-07T12:47:00Z st-bernard-software-releases-updateexpert-v6-0 St. Bernard Software announces the availability of UpdateEXPERT 6.0. This major release includes an Optional Agent to provide system administrators with a new level of flexibility to manage patches in the most optimal manner for their organization's unique computing environments. UpdateEXPERT's industry-leading third party database continues to remain the most reliable and comprehensive database of patching information for Microsoft's OS and applications. This latest version includes enhanced patch validation with intelligent version checking functionality that automatically validates files according to checksum, file size and version information. The enhanced validation built into 6.0 will leverage information in a major update of UpdateEXPERT's proprietary database scheduled in a phased rollout to begin the end of April 2003. Additionally, UpdateEXPERT incorporates several functional upgrades to make administration even more robust and easy to use. Download NOW! http://www.stbernard.com/products/updateexpert/products_updateexpert.asp UpdateEXPERT 6.0 New Feature Summary: New Agent Architecture: - Optional client agent gives organizations the flexibility to manage their networks in the most effective way possible. Any combination of machines -- even those isolated or locked down -- can be managed with a mix of agents and non-agents simultaneously. Validation Enhancements: - UpdateEXPERT's Custom Fixes feature now supports user defined validation criteria (file and registry-based). Enhanced support ensures that customized fixes are installed and valid. - New intelligent version checking capability enables UpdateEXPERT to validate new and updated patches more accurately. Security Enhancements: - All components, including agents, are secured using encrypted communications. UpdateEXPERT's patch management database is also checked for validity by cyclical redundancy checking (CRC). - Alternate Credentials may now be specified for accessing remote machines, giving an administrator the ability to delegate access rights for querying machines or deploying patches to other individuals. Greater Network Support: - Microsoft's Active Directory Service is now fully supported. Organizational Units (OUs) designated by the administrator can be used to manage machines more efficiently. - Profiles are enhanced to make it easier to identify the machines to be managed by OS, Service Pack level or patch level. Enhanced User Interface: - Research View has been changed into a tree view to ease and speed up the research process. - Support for multiple Management Consoles enables a single Master Agent to be shared among any number of Management Consoles, making distributed management and reporting possible. St Bernard is distributed in Australia by Digital Tape Solutions. Please visit www.dlt.com.au or call (02) 9496 111 for further information. Exabyte Magnum20 Tape Library Certified Now For CA's Brightstor Enterprise Backup And Brightstor Arcserve Backup Software 2003-02-28T22:10:00Z exabyte-magnum20-tape-library-certified-now-for-ca-s-brightstor-enterprise-backup-and-brightstor-arcserve-backup-software Exabyte Corporation (NASDAQ: EXBT), a performance and value leader in tape backup systems, announced today that its new Magnum20 LTO tape library has been certified for use with selected BrightStor storage management solutions from Computer Associates International, Inc. (CA). The certification applies to CAs acclaimed data availability solutions, including BrightStor ARCserve 2000 and BrightStor ARCserve Backup v9 for Windows and NetWare, as well as BrightStor Enterprise Backup software on Windows, Solaris, HP-UX, AIX, and Tru64 operating systems. The Exabyte Magnum20 tape library provides the best scalability, density and price/performance for midrange storage applications. Magnum20 provides users with affordable automated access to as few as 2 drives and 30 cartridges, but provides them with the added benefit of being able to scale up to 8 drives and 150 cartridges slots without any additional investment in their tape library. When configured with all 8 tape drives and 150 cartridges, Magnum20 provides up to 30TB of capacity and throughput of up to 864GB/hr., all in a chassis that occupies only 20 rack-units of space. With a base price MSRP of $16,499, Magnum20 cuts the cost of data storage by more than 50%. With this certification, Exabyte can now offer CAs BrightStor ARCserve Backup and BrightStor Enterprise Backup users the superior rack density, low TCO and high reliability of our new Magnum20 library, said Kelly Beavers, vice president of marketing at Exabyte. Magnum20 was extensively tested with these powerful data availability solutions from CA, ensuring that customers have access to the most advanced, easiest-to-manage, and highest-performing tape backup solution on the market. The combination of CAs award-winning storage management software and Exabytes industry-leading hardware creates a powerful backup solution that is easy to manage and impeccably reliable, said Richard Mollin, director of strategic alliances at CA. CA is committed to making the lives of IS managers easier, and collaborations like this one with Exabyte ensure that our customers have solutions that allow them to manage critical enterprise data in smarter, more cost-effective ways. As members of CAs BrightStor Data Availability Solution family, BrightStor Enterprise Backup and BrightStor ARCserve Backup solutions provide complete end- to-end storage protection for critical business storage assets. The capabilities of these solutions include comprehensive cross-platform backup/recovery, disaster recovery, and data replication for any sized organization. About Exabyte Corporation Exabyte Corporation (NASDAQ: EXBT) provides innovative tape storage solutions to customers whose top buying criteria is value maximum performance, quality and ease-of-use at a price they can afford. Exabyte is the recognized value-leader in tape storage and automation solutions for workstations, midrange servers and enterprise storage networks, and has been an industry innovator since 1987. Exabytes high-performance Mammoth-2 (M2) tape drives for the mid-range market have a strong performance-price ratio, Exabytes VXA-2 tape drive technology provides DDS users with significantly higher capacity and performance at a similar price point, and Exabytes storage automation products are rugged, reliable automation solutions for users of VXAtape, MammothTape and LTO (Ultrium). Exabyte has a worldwide network of OEMs, distributors and resellers that share Exabytes commitment to value and customer service, including partners such as IBM, Compaq, Fujitsu Siemens Computers, Bull, Toshiba, Apple Computer, Tech Data, Digital Storage Inc., Ingram Micro and Arrow Electronics. For additional information, call 1-800-EXABYTE or visit www.exabyte.com. For investor relations inquiries, e-mail investor@exabyte.com. Exabyte product is distributed in Australia by Digital Tape Solutions (DTS). Please contact your DTS Account Manager on (02) 9496 1111 for further information. About Digital Tape Solutions (DTS) DTS has over 13 years experience in the storage market and specialises in providing storage and data management solutions to major channel partners in the Australian marketplace. DTS leverages the distribution model to supply its products to major storage channel partners throughout the region and is the primary distributor for a number of complementary products including Overland Data tape robotic libraries. DTS has office locations in Sydney and Melbourne and serves all of the Australian market including Sydney (NSW), Melbourne (Victoria), Canberra (ACT), Brisbane (QLD), Adelaide (SA), Perth (WA) and Darwin (NT). DTS is unique as it offers not just a product or service but a tailored solution for data storage problems. ### Exabyte, VXA and M2 are registered trademarks, and, MammothTape is a trademark of Exabyte Corp. All other trademarks, trade names, service marks, and logos referenced herein belong to their respective companies. Overland Storage Simplifies Library Management with New Library Partitioning Option 2003-02-10T14:11:00Z overland-storage-simplifies-library-management-with-new-library-partitioning-option Overland Storage, Inc. (NASDAQ: OVRL), a leading provider of storage solutions, today announced the availability of its patented Library Partitioning Option (LPO), a new advancement in storage management. Partitioning for Overland's Neo Series tape library provides an opportunity to simplify storage management with consolidation. Many IT organizations are frustrated by the need to maintain disparate and incompatible backup environments while at the same time knowing that centralization of their backups will reduce cost and improve reliability. Neo Series partitioning makes it possible to centralize these existing environments without expensive software conversions. "Partitioning in a Neo Series tape library significantly improves storage management. Enterprises typically use a specific backup software and tape backup product for a particular operating system or application. This results in the use of multiple backup products causing difficulty in learning, operating, and maintenance of disparate products spread throughout the enterprise," said Bob Scroop, vice president and general manager of Overland's storage resource business unit. "Our Library Partitioning enables users to purchase one Neo Series tape library, logically partition it into smaller tape libraries, and assign each partition to a backup software product. This gives an enterprise the benefits of centralized backup such as security, reliability, reporting, control and hardware management, and reduces floor space requirements in the data center." With the Neo Series and LPO, users also can solve tape migration and management problems very cost effectively. The solution supports all major drive technologies including DLT, SDLT and LTO Ultrium, as well as data transfer protocols such as Fibre Channel and SCSI. Each partition in the Neo Series can support its own unique drive type and protocol, enabling the entire tape library to support several different backup environments simultaneously. The Neo Series partitioning option installs quickly into a Neo Series card bay and is currently available. To learn more about this product, please visit: www.overlandstorage.com. About Overland Storage Overland Storage, Inc. (NASDAQ: OVRL) is a leading 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 and the industry's first family of fully open storage management software solutions, sets the standard for intelligent, automated and scalable storage. 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 www.overlandstorage.com. Exabyte announces new value-oriented autoloader 2003-01-30T21:55:00Z exabyte-announces-new-value-oriented-autoloader Exabyte Corporation (NASDAQ: EXBT), a performance and value leader in tape backup systems, today announced availability of the new AutoPak 1x10 autoloader with VXA-2 tape drives. With an MSRP of $3,499 and a total capacity of up to 1.6TB packaged in a compact 2u (3.5) rack-mount form factor, the VXA-2 AutoPak 1x10 leads in price/performance over any other autoloader or stand-alone tape drive. Featuring award-winning VXA technology, the AutoPak 1x10 with VXA-2 is the ideal automated storage solution for users with space and budget constraints. For tape users seeking an alternative to DDS technology, VXA-2 tape drives offer dramatic increases in capacity and performance at price points similar to DDS for drives, automation and media. With one VXA-2 drive and up to 10 VXA-2 cartridges, the AutoPak 1x10 autoloader provides an unprecedented 1.6 TB* of data storage at a data transfer rate of 43.2GB/hr., out-pacing all other entry-level automation solutions. With an average cost of $2 per GB, the AutoPak 1x10 is less than half the cost of other tape autoloaders and stand-alone tape drives currently on the market. The AutoPak 1x10 is designed to address the storage requirements of: Low-profile 1u and 2u rack mount servers manufactured by such OEMs as IBM, HP/Compaq and Apple that need automated storage solutions that can accommodate the growth of server capacities while remaining very cost-effective. Small and medium-sized businesses that want easy-to-use automated storage at a price that fits within their tight IT budgets. Regional offices of large businesses that have space and budget constraints but need to maintain storage compatibility with the larger storage systems in central offices. State and local governments and educational organizations that are facing decreased funding while their data storage needs continue to grow. Exabytes next-generation tape automation products solve the three main storage challenges frustrating IT managers: the rapid growth of enterprise data, shrinking IT budgets, and limited space for storage equipment, said Kelly Beavers, VP of Marketing at Exabyte. The AutoPak 1x10 addresses these problems by providing the high-value performance and capacity of VXA-2, with the added savings of a very small footprint and unprecedented value. The AutoPak 1x10 with VXA-2 is the newest addition to Exabytes growing family of ultra-high density storage automation products. Exabytes line of automation products featuring the award-winning VXA tape drive technology include: The AutoPak 1x7 desktop autoloader, providing over 1TB of hands-free automated storage on the desktop. Accommodating a VXA-2 drive and seven data cartridges in a removable magazine, the AutoPak 1x7 delivers over 1TB* of storage capacity at transfer rates up to 43.2GB/hr.* for an MSRP of $3,299. The AutoPak 1x10 2u rack-mounted autoloader with VXA-1 tape drives. Still providing the affordability and low-profile packaging advantages of the AutoPak 1x10 design, this configuration offers less capacity (660GB) and slower transfer rates (21.6GB/hr.) at a very affordable price ($2,995) for less capacity-intensive, more cost-sensitive applications. The Exabyte 430 tape library with VXA-2 is a powerful automated storage system designed for mid-range applications limited by budgets and network bandwidth. With a transfer rate of up to 173GB/hr., the 430 provides the necessary performance for data center backups without charging users for speed their networks are not capable of supporting. The 430 with VXA-2 accommodates up to four VXA-2 tape drives and 30 data cartridges, offering Exabyte's customers the flexibility to configure the tape library to meet their specific storage needs. For more information about the Exabyte AutoPak 1x10 with VXA-2 and Exabytes other VXA-2 automation products, visit . Pricing & Availability The AutoPak 1x10 with VXA-2 has an MSRP of $3,499, and is available through Exabytes extensive network of resellers and distributors. About VXA Tape Technology First introduced in 1999, award-winning VXA tape products offer a unique combination of reliability, performance, and value. VXA drives are the ideal replacement for drives based on the popular DDS tape technology, which has reached the end of its product roadmap. The ending of the DDS roadmap means that millions of DDS users must migrate to alternative tape backup technologies. VXA offers them the ideal solution with higher capacity and performance at the same price point as DDS. VXA also offers superior reliability, based on an innovative read/write architecture with a highly reliable Internet-like packet format, designed for 100% data restore. The published VXA roadmap extends through successive generations into VXA-4, ensuring long-term protection of users' investments in drives and media. About Exabyte Corporation Exabyte Corporation (NASDAQ: EXBT) provides innovative tape storage solutions to customers whose top buying criteria is value maximum performance, quality and ease-of-use at a price they can afford. Exabyte is the recognized value-leader in tape storage and automation solutions for workstations, midrange servers and enterprise storage networks, and has been an industry innovator since 1987. Exabytes high-performance Mammoth-2 (M2) tape drives for the mid-range market have a strong performance-price ratio, Exabytes VXA-2 tape drive technology provides DDS users with significantly higher capacity and performance at a similar price point, and Exabytes storage automation products are rugged, reliable automation solutions for users of VXAtape, MammothTape and LTO (Ultrium). Exabyte has a worldwide network of OEMs, distributors and resellers that share Exabytes commitment to value and customer service, including partners such as IBM, Compaq, Fujitsu Siemens Computers, Bull, Toshiba, Apple Computer, Tech Data, Digital Storage Inc., Ingram Micro and Arrow Electronics. For additional information, call 1-800-EXABYTE or visit www.exabyte.com. For investor relations inquiries, e-mail investor@exabyte.com. ### *Data capacities and transfer rates for VXA drives assume a compression ratio of two-to-one. Actual compression will vary depending on the nature of the data and the drive and media quality. Exabyte, VXA and M2 are registered trademarks, and, MammothTape is a trademark of Exabyte Corp. All other trademarks are the property of their respective owners. Overland Storage Reports Record Revenue for Second Quarter of Fiscal 2003 2003-01-23T14:10:00Z overland-storage-reports-record-revenue-for-second-quarter-of-fiscal-2003 Overland Storage, Inc. (NASDAQ: OVRL) today reported fiscal 2003 second quarter and first half results. For the quarter ended Dec. 31, 2002, Overland reported record revenue of $48.6 million compared to revenue of $45.6 million in the second quarter of the prior fiscal year. Net income for the second quarter of fiscal 2003 totaled $1.5 million, or $0.13 per diluted share, compared to net income of $2.0 million, or $0.18 per diluted share, in the second quarter of the prior fiscal year. Revenue for the six-month period ended Dec. 31, 2002 was $83.2 million compared to revenue of $85.6 million in the corresponding six-month period of the prior fiscal year. Net income for the first six-month period of fiscal 2003 totaled $1.0 million, or $0.08 per diluted share, compared to net income of $3.0 million, or $0.28 per diluted share in the first six-month period of fiscal 2002. In early December, Overland announced that it expected both revenue and earnings for the quarter to reach or exceed the high end of its original guidance. Strong demand for the Company's products during the last month of the quarter pushed actual results significantly higher than anticipated. Sales to Overland's OEM customers were particularly strong, complemented by continued sequential growth and record revenue in the Company's branded sales channels. Improved royalty fees from the Company's VR2 licensees enhanced margins and earnings. The Company noted that its gross profit margin is normalizing as revenue recovers from two difficult transition quarters. Profitability for the second fiscal quarter was down in comparison to the prior fiscal year quarter as a result of increased operating expenses, primarily in the areas of sales and marketing. Over the past five quarters, in order to capitalize on the strength of its new Neo Series tape libraries, Overland substantially increased the size of its branded sales force and stepped up its marketing efforts. As a result, Overland continues to gain share in the mid-range tape automation market. Additionally, in June 2002 the Company launched a new line of software products. Christopher Calisi, president and CEO of Overland Storage, said: "We are pleased that the transitional issues of the prior two quarters now appear to be behind us. Our largest OEM customer seems to be executing well in its post-merger environment, and we believe that its sales pipeline is now clear of the predecessor product. We entered the quarter tentatively, not being in a position to anticipate the timing of the renewal of product demand. By early December, it became clear that product was moving strongly, which we believe bodes well for the second half of our fiscal year. "Adding to the strength of our OEM business was the commencement in November of shipments to IBM, our newest OEM customer. Sales to IBM during this fiscal quarter were much stronger than expected, and this business represents a potentially expanding opportunity for us. We look forward to providing our usual high level of service to this customer and to building the relationship in the months ahead. "We were also pleased with another record revenue quarter in our branded business. Second quarter sales were strongest in the Americas region with sales growth of 45 percent over the prior fiscal year quarter. Our Asia Pacific office posted the largest single sale for the quarter, an especially gratifying development as our Singapore office was only opened in November 2001. The significant investments we have made in sales and marketing resources are paying off and we believe we are now positioned to leverage this channel for continued growth while slowing the relative growth of operating expenses. "Since the summer, we have been marketing our Overland Storage Resource Manager software product. In mid-December we introduced a significant upgrade to this product; the early response it is receiving is positive. We exceeded our goal for the quarter, booking nine orders. Formal launch of the new version will occur in the next thirty days and, although the numbers are still small, our pipeline is encouraging. We understand that this is a nascent market, and it remains challenging. "Royalties, chip sales and other VR2-related revenue reached a record high this quarter, due in large part to the successful launch of a new flagship product by one of our licensees. This too bodes well for future quarters. Although not significant to revenues, these high-margin royalties bolster our bottom line. "Though we had anticipated revising our outlook for the remainder of fiscal 2003, we believe that, due to the traditional seasonality of the March quarter and the newness of our OEM relationships, it is more prudent to confirm the ranges we previously provided. Specifically, we anticipate third quarter revenue in the $45 to $50 million range with earnings per diluted share in the range of $0.11 to $0.17. By our fourth quarter, we hope to report record results with revenue in the $54 to $59 million range and earnings per diluted share of $0.23 to $0.28." Mr. Calisi concluded, "Transition always presents challenge. During the prior two quarters, we faced a lower level of business that we believed would be temporary. We held our course and prepared for the ramp-up of sales we are now seeing. With that transition essentially behind us, we believe that the current levels of demand are more typical of what we will see in the coming quarters. Although these remain challenging economic times, we are cautiously optimistic about achieving a record year in both revenue and earnings." About Overland Storage Overland Storage, Inc. (NASDAQ: OVRL) is a leading global supplier of innovative hardware and software storage solutions for mid-range computer networks. The company's reputation for delivering high availability products, including its award-winning automated storage libraries and the industry's first family of fully open storage management software solutions, sets the standard for intelligent, automated and scalable storage. 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 www.overlandstorage.com. ### For further information please contact Tracey Brown, DTS on: (02) 9496 1127