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IOMG News I/OMagic Adds 120GB Capacity to Its GigaBank(TM) Line of 2.5'' External Hard Drives

IRVINE, Calif.--(BUSINESS WIRE)--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 availability of a GigaBank™ Ultra 120, a portable hard disk drive with a push-button back-up operation. The 2.5" 120GB(a) portable hard drive disk is perfect for the “on the go” lifestyle. The GigaBank Ultra 120 is small enough to take anywhere conveniently and will hold any data — from essential business files to photos and music.

“The GigaBank Ultra 120 is ideal for high speed digital storage with maximum versatility and portability,” said Tony Shahbaz, president and Chief Executive Officer of I/OMagic Corporation. “With 120GB of storage capacity and ultra high-speed data transfer the GigaBank Ultra 120 is the ideal choice for users who want large storage capacity together with a stylish ‘look.’”

With the unique “single-touch” data back-up function, the GigaBank Ultra 120 provides a simple way to back-up data. At the touch of a button users can copy files to the GigaBank Ultra 120 — keeping all your data in one portable location.

The small (2"x0.5"x2.5") GigaBank Ultra 120 is a device that requires no batteries or external power and is conveniently powered through the USB 2.0 cable (which is also USB 1.1 backwards compatible), and when transported can be tucked away. The GigaBank Ultra 120 comes with a simulated leather and chrome case, and supports Windows XP/2000/ME.

The I/OMagic GigaBank Ultra 120 includes a one-year warranty and will soon ship to national retailers with an introductory MSRP of $159.99.

(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 DataStation, Data To Go and GigaBank™ products). The Company sells products under three brand names — I/OMagic®, Hi-Val® and Digital Research Technologies® — 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 GigaBank Ultra 120 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.