Releases

posted on 12 May 2008 09:23

SAN DIEGO, May 9, 2008 - Iomega Corporation (NYSE: IOM) today reported net revenue of $95.9 million and net income of $1.9 million, or $0.04 per diluted share, for the quarter ended March 30, 2008.

In comparison, first quarter 2007 net revenue was $76.0 million with net income of $1.1 million, or $0.02 per diluted share Additional information about Iomega's first quarter financial results is contained in our first quarter 10-Q, filed today with the SEC.

Cash, cash equivalents, long term cash and temporary investments decreased $16.9 million from the end of December 2007 due primarily to timing of working capital requirements during the quarter. During April, we generated approximately $7 million of cash excluding the previously announced $7.5 million termination fee paid to the ExcelStor Group.

About Iomega
Iomega Corporation, headquartered in San Diego, is a worldwide leader in innovative storage and network security solutions for small- and mid-sized businesses, consumers and others. The Company has sold more than 400 million digital storage drives and disks since its inception in 1980. Today, Iomega's product portfolio includes industry leading network attached storage products, external hard drives, and the own award-winning removable storage technology, the REV® Backup Drive. OfficeScreen®, Iomega's managed security services, which are available in the U.S. and select markets in Europe, provide enterprise quality perimeter security and secure remote network access for SMBs, which help protect small enterprises from data theft and liability. To learn about all of Iomega's digital storage products and managed services solutions, please go to the Web at www.iomega.com. Resellers can visit Iomega at www.iomega.com/ipartner.

^{[Formatted by Majid Soltani.]}