DVD News Source

I/OMagic, DVD Recordable 12X Dual Format Drive

April 15, 2004 I/OMagic Corporation, a leading developer and marketer of data storage and digital entertainment products, announced today that it will begin shipping the next generation of high-speed dual drivesan Internal 12X DVD+/-RW/+/-R Dual Format drive into the North American marketplace in late May 2004 with an introductory price of $129.99.

The new Internal 12X DVD+/-RW/+/-R Dual Format drive burns all standard media discs, including DVD+R/+RW, DVD-R/-RW and CD-R/-RW and is compatible with a broad variety of DVD players.

"The growing popularity of digital music, photography and video is driving consumer demand for the best in fast and flexible optical storage solutions," said Tony Andrews, Vice President of Engineering and Product Development for I/OMagic Corporation. "This new drive more than meets these demands and we're excited to bring it to market so soon.

"No longer will consumers have to worry about what type of media to buy or the differences between plus and minus rewritable technologies. Our Internal 12X DVD+/-RW/+/-R Dual Format drive combines the best of these technologies into one flexible solution."

The Internal 12X DVD+/-RW/+/-R Dual Format drive is a 12x8x12x DVD Recordable drive and a 48x24x48x CD-RW Recordable drive that includes premium software. The software allows users to create and edit videos, burn DVDs and CDs in all popular formats, as well as watch and store home movies, photos and MP3s on either DVD or CD discs. Operating systems supported are Windows XP/2000/Me/98SE.

According to NPD Intelect(R) Market Tracking, I/OMagic currently is the market share leader in unit and dollar sales in the DVD Recordables category, based on year-to-date February 2004 sell-through in North America.

About I/OMagic

I/OMagic develops and markets data storage products (CD-RW drives, DVD+/-RW drives, MediaStation and DataStation devices) and digital entertainment products (MP3 players, digital audio headsets, and the Digital Photo Library). The Company sells its many products, under three brand names -- I/OMagic(R), Hi-Val(R) and Digital Research Technologies(R) -- through nationally and internationally recognized retail outlets, such as Best Buy, Circuit City, CompUSA, Office Depot, OfficeMax, RadioShack, Staples and Target stores. For more information, visit the I/OMagic Web site at www.iomagic.com.

Forward-looking statements in this release with respect to anticipated demand for new products, anticipated market reception and the Company's future financial performance are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties including, but not limited to, 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, foundry 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.