Overland Storage Appoints Michael Norkus to Board of Directors
17 August 2004 - 10:30PM
PR Newswire (US)
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/
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