I/OMagic Introduces New Higher Capacity Hard Disk Drive to Its USB Storage Line-Up


New GigaBank(TM) 3.5'' 500GB External Hard Drive Holds Vast Amount of Personal Computer Data --

IRVINE, Calif.-- 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(TM) 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(TM) 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.

Contacts
I/OMagic Corporation
Nancy Andrews, 949-707-4806
nandrews@iomagic.com

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