I/OMagic Teams With SSI Corp. to Launch MP3 Player Line

Business Wire, March 20, 2001

Business Editors & High-Tech Writers

SANTA ANA, Calif.--(BUSINESS WIRE)--March 20, 2001

I/OMagic Corp. (OTCBB:IOMC), a leading developer and marketer of peripheral PC products, today announced that it will join together with SSI Corp. to develop a series of MP3 players to market in the U.S. and Canadian marketplaces.

"We are very excited about teaming with SSI to develop a line of MP3 Jukebox players," said Tony Shahbaz, president and CEO of I/OMagic. "This is an area of real opportunity for us and we feel that in this category we can offer better features at better prices than what is currently in the retail channel."

"We are working with I/OMagic to develop a series of products that fit consumer demand in an MP3 player," said James Buchheim, president of SSI America. "We anticipate making our product announcements in the near future and look forward to a long and prosperous relationship with I/OMagic."

"We feel our new products will be viable alternatives to the Creative Labs (Nasdaq:CREAF) `Nomad' unit," continued Buchheim. According to a Creative Labs press announcement dated Jan. 16, 2001, the "Nomad Jukebox digital audio player has already shipped in excess of 100,000 pieces since late summer 2000."

I/OMagic and SSI will offer MP3 players to retailers nationwide beginning in April 2001. In addition to the MP3 players, the companies also anticipate launching a line of MP3 accessories.

SSI Inc.

SSI Computer Corp. was founded in 1984 and trades on the Taipei Stock Exchange under SSI. SSI currently holds many worldwide patents and is focused on innovative consumer electronics development, with an R&D investment over the next three years of more than $30 million.

SSI has manufacturing facilities in both Taiwan and China and holds the most stringent quality management certification from the International Organization for Standardization (ISO9001) with manufacturing operations holding a MRP II Class A certification. For more information contact Jeremy Briggs at 732/560-1996 or visit the company's Web site www.ssiamerica.com.

About I/OMagic

I/OMagic develops and markets a variety of peripheral PC products designed to allow connectivity and increase the functionality of both portable and desktop computers. Product categories include Optical Storage Drives, Digital Imaging Products, Multimedia/Adapter Cards and Input/Output Devices.

The company sells its many products through nationally recognized computer retail outlets. Visit the I/OMagic Web site at www.iomagic.com. For more information, contact Nancy Andrews at 714/953-3000.