Message #17 From:
Stock News Bot Date: July 26, 2006 06:00:00 AM
IOMG News I/OMagic Expands its Mobile Storage Line-Up with Shipments of Its New 40GB 'Data To Go' 2.5'' External Hard Drive
IRVINE, Calif.--(BUSINESS WIRE)--July 26, 2006--
Mobile Consumers with a PC or MAC Will Find the Portable 'Data To Go' the Perfect Blend of Storage, Convenience and Affordability
I/OMagic Corporation (OTCBB:IOMG), a leading provider of data storage products, announced today that it has expanded its mobile storage line-up with the release and shipment of its 40GB(a) 'Data To Go' portable hard disk drive. The new 40GB 'Data To Go,' an external 2.5" portable hard disk drive, easily connects to desktop and notebook personal computers (PCs) and MACs using a high speed USB 2.0 connection for superior performance. It has the ability to immediately store or access data, multimedia files or even an entire operating system, all within a compact enclosure that transports and connects easily and is affordably priced.
"For less than $100, the 40GB 'Data To Go' is a reasonably priced companion to the millions of existing notebook or desktop computers," said Tony Shahbaz, president and CEO of I/OMagic Corporation. "It offers the additional storage space needed for mobile consumers that want to carry large quantities of photos, music, video or documents with them where ever they go."
The 40GB 'Data To Go' is powered through a high speed USB 2.0 connection (which is also USB 1.1 backwards compatible) and requires no external power supply. Its features also include a fast maximum transfer rate of up to 480MB per second, plug-and-play compatibility and support of Windows XP/2000/ME.
With the growing need for data security for portable devices, I/OMagic is offering a special price for its DataBank Portable data encryption and security software to Data To Go purchasers.
The I/OMagic 40GB 'Data To Go' includes a one-year warranty and is now shipping to national retailers with an introductory MSRP of $99.99.
(a) Note: 1 GB = 1 billion bytes.
A user's total accessible memory/storage/data capacity will be less than stated as a result of the user's operating system and other factors.
About I/OMagic
I/OMagic is a leading provider of data storage products (such as CD-RW and DVD+/-RW drives, USB Portable Storage Devices, external USB hard drives and floppy drives, including its MediaStation, DataStation, Data To Go and GigaBank(TM) products). The Company sells products under three brand names -- I/OMagic(R), Hi-Val(R) and Digital Research Technologies(R) -- through nationally-recognized computer, consumer electronics and office supply superstores and other retailers.
Forward-looking statements in this release with respect to the anticipated shipment date and sale price of the Company's new 40GB 'Data To Go' device, as well as product performance, are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties including, but not limited to, the Company's dependence on the PC and consumer electronics industries and on product lines based on new technologies; the Company's ability to develop new products based on new or evolving technology and the market's acceptance of those products; manufacturing capacity, availability and reliability; competition and pricing pressures in the technology industry; general economic and business conditions; and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
