Overland Storage (NASDAQ:OVRL)
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Overland Storage Appoints Michael Norkus to Board of Directors
SAN DIEGO, Aug. 17 /PRNewswire-FirstCall/ -- Overland Storage Inc.
(NASDAQ:OVRL), the leading provider of backup and recovery solutions, today
announced the appointment of Michael Norkus to its board of directors. Norkus
is the founder and president of Alliance Consulting Group, a strategy
consulting firm based in Cambridge, Mass. Norkus becomes Overland's seventh
board member.
Christopher Calisi, president and CEO of Overland Storage, said: "Having known
and worked with Michael for over seven years, I am especially pleased that he
will be adding his strategic vision to the board of Overland. Michael's special
expertise is guiding organizations through periods of strategic transition, and
I believe his knowledge and depth of perspective will be invaluable as we as a
company expand the technology solutions we offer our partners and customers."
In 1975, Norkus joined the Boston Consulting Group (BCG) where he spent 11
years and was a founding member of the firm's Munich office. In 1986, he left
BCG and started Alliance Consulting Group. Alliance seeks to build the
capabilities of the client organization in strategic thinking while developing
an action-oriented strategic plan. Clients have included Office Depot,
Coca-Cola, Pacific Bell and Symantec.
Norkus grew up in Germany and graduated magna cum laude with a doctorate in law
from the University of Hamburg, and subsequently received a law degree from the
University of Paris. In 1975, he received a master's in business
administration from the Harvard Business School. He is the author of Antitrust
Policy in Oligopolies.
He also is a member of the Board of Associates of The Whitehead Institute in
Cambridge, Mass. Norkus, his wife and two children reside in Brookline, Mass.
About Overland Storage
For more than 20 years, Overland Storage has delivered world-class data
protection solutions designed to ensure business continuity. Focused on backup
and recovery, Overland's data protection solutions are designed for entry-level
and midrange computing environments. These include the REO family of
disk-based backup and recovery appliances and the award-winning NEO Series of
tape libraries. Overland sells its products worldwide through leading OEMs,
commercial distributors, storage integrators and value-added resellers. For
more information, visit Overland's website 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 difficulty of predicting
sales to the company's major OEM customer, technology spending levels,
unexpected shortages of critical components, rescheduling or cancellation of
customer orders, loss of a major customer, the timing and market acceptance of
new product introductions by the company, including the launch of the company's
new REO products, its competitors or its licensees, 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 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.
All trademarks, trade names, service marks, and logos referenced herein belong
to their respective companies.
DATASOURCE: Overland Storage Inc.
CONTACT: Vernon A. LoForti, CFO, , or
Cynthia A. Bond, Director of Corporate Communications,
, both of Overland Storage Inc., +1-858-571-5555
Web site: http://www.overlandstorage.com/