Iomega Continues to Add to List of OEMs Incorporating Built-In Clik! Drives Into Their MP3 Audio Players; Several Additional OEMs Have Selected Clik! Drives As Removable Storage Option

Business Wire, June 27, 2000

About Addonics

Founded in 1989, Addonics Technologies Corporation is a member of Taiwan's Acer Group, a diversified multinational information technology conglomerate, and shares the Acer Group's commitment to providing the freshest technology to customers around the world. In the decade since its establishment, Addonics has become one of the world's foremost suppliers of computer add-on products. Addonics is not only working to enhance the computing experience of users around the globe, but also provide exceptional business opportunities for our partners. Toward these ends, the Acer Group's client-server business model allows Addonics to maintain the flexibility and responsiveness of a smaller independent company, while at the same time drawing upon the Acer Group's vast resources. The result is that Addonics has gained recognition as one of Asia's fastest-growing companies and a vital leader in the global information technology industry. Web site Address: www.addonics.com.tw.

About Rexon

Rexon Technologies has focused on External Storage Unit (E.S.U.) technology for more than 10 years. Rexon always takes the lead in developing different kinds of solutions implementing its core competence of interface technology, from Parallel, PCMCIA, USB to Firewire. Since last year, Rexon moved forward to the IA industry. It has successfully developed some AV products, such as a MP3 CD player, TV Tuner box (USB) and Home PNA (PCMCIA & USB). The Clik!(TM) MP3 (USB) player is a very important item in this category.

About Iomega

Iomega Corporation (NYSE:IOM) manufactures and markets the award-winning Zip(R), Jaz(R) and Clik!(TM) drives and disks and markets the ZipCD(TM) CD-RW drives and discs. Iomega's products help people to save, share, manage and create important information such as spreadsheets, slides, Internet downloads, audio files and personals photographs, while protecting that content from viruses and hackers. Used in homes, businesses, government and educational facilities and by creative professionals everywhere, Iomega storage solutions are the enabling technologies preferred by millions. The Company can be reached at 1-800-MY-STUFF (800-697-8833), or on the Web at http://www.iomega.com.

Special note: Statements contained in this release relating to Iomega's plans to include its Clik! drive into several OEMs MP3 players as the primary storage unit and the expected availability and functionality of the OEMs MP3 players with Iomega's Clik! drive built-in are forward-looking statements. There are a number of important factors that could cause actual events to differ materially from those indicated by such forward-looking statements, including market acceptance of, and demand for, the OEMs MP3 players with Iomega's Clik! drive built-in, manufacturing issues, including component availability and pricing, development and distribution issues, product pricing and conformity to specifications, competition, intellectual property rights and other risks as identified in Iomega's Annual Report to Stockholders for 1999 on Form 10-K, and its most recent quarterly reports filed with the SEC.