IOMG News I/OMagic Introduces New Higher Capacity Hard Disk Drive to Its USB Storage Line-Up
IRVINE, Calif.--(BUSINESS WIRE)--I/OMagic Corporation (OTCBB:IOMG), a leading provider of data storage
products, announced today the launch of the latest product in its a line
of new 3.5” external hard disk drives, the
GigaBank™ 500GB. Highlights of this sleek new
drive are that it holds a vast amount of personal computer data; it
easily connects to a personal computer via a USB connection and comes in
an attractive steel grey, oval aluminum enclosure. The Company is
shipping the GigaBank 500GB to select retailers across North America
with an introductory MSRP of $279.99.
“Trends in consumer electronics indicate a
high demand for storage products that easily expand a personal computers’
storage capacity,” said Tony Shahbaz,
president and CEO of I/OMagic Corporation. “This
versatile GigaBank 500GB is an affordably priced hard drive that
provides users with a huge amount of capacity for storing personal data,
as well as music, photos or video clips.”
The GigaBank 500GB easily connects to desktops or notebook personal
computers (PCs) or a MAC, with a high-speed USB 2.0 connection for
optimal performance. The drive comes with a power adapter and a USB 2.0
cable to connect the high-speed USB 2.0 port of a computer for a fast
maximum transfer rate of up to 480MB per second; the GigaBank 500GB also
works with USB 1.1 ports but at slower speeds.
I/OMagic’s GigaBank 500GB 3.5”
external hard disk drive has a one-year warranty and it supports Windows
XP/2000/ME.
*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™ 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
500GB 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.
