I/OMagic Introduces a Remodeled Design for Their TeraBank(TM) 1000GB, 1TB Hard Disk Drive.-- The New Design Offers Consumers a Smaller High Capacity Hard Disk Drive with a Sturdier, More Reliable Enclosure -- IRVINE, Calif. -- I/OMagic Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :IOMG), a leading provider of data storage products, announced today the launch of their new remodeled TeraBank[TM] 1000GB (1TB) external USB USB in full Universal Serial Bus Type of serial bus that allows peripheral devices (disks, modems, printers, digitizers, data gloves, etc.) to be easily connected to a computer. 2.0 hard disk drive. The new TeraBank 1000GB external hard disk drive comes in a more sturdy, sleek, black and silver enclosure, and is an attractive and easy add-on to a personal computer to hold large amounts of data in a smaller enclosure than ever before. "We are excited to bring to the market an affordable, smaller and more attractive large capacity drive," said Tony Shahbaz, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "The modern design is an example of our commitment to products that are as stylish as they are practical and reliable. With a SRP SRP - A data link layer protocol. of $299.99 our TeraBank 1000GB drive breaks the $300.00 price barrier for this capacity drive showing our continued efforts to make new technologies available to everyday consumers." "With an ever changing market, PC consumers are turning more and more to their computers for safe reliable storage of digital libraries of photos, videos and music, as well as business documents," says Don Wallis, VP of Marketing. "The TeraBank 1000GB external storage system is user friendly and provides vast amounts of storage capacity for consumers ever increasing storage needs." The TeraBank 1000GB easily connects to desktops (PCs), notebook personal computers (Laptops), or a MAC, with a high-speed USB 2.0 connection for optimal performance. The drive comes with a power adapter An external power supply for laptop computers and just about every portable or semi-portable electronic device on the market. Also called an "AC adapter," it contains a rectifier to convert AC current to DC and a transformer to convert voltage from 120 down to 9, 12, 15 or whatever is 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 TeraBank 1000GB also works with USB 1.1 ports but at slower speeds. I/OMagic's TeraBank 1000GB 3.5" external hard disk drive has a one-year warranty and it supports Windows XP/2000/ME. *Note: 1 GB = 1 billion bytes, 1 TB (terabyte) = 1 trillion bytes. A user's total accessible data storage capacity will be less than stated as a result of the user's operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. and other factors. About I/OMagic I/OMagic is a leading provider of data storage products (such as CD-RW (CD-ReWritable) The only rewritable CD technology. CD-RW disks look like other CD media, but with close inspection, they have a more polished surface with a very dark blue-gray cast. and DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. +/-RW drives, USB Portable Storage Devices and floppy drives, including its DataBank(TM), Data To-Go(TM) MediaStation, DataStation, and GigaBank(TM) products). The Company sells products under three brand names -- I/OMagic(R), Hi-Val(R) and Digital Research Technologies(R) -- through nationally-recognized computer, consumer electronics and office supply superstores and other retailers. Forward-looking statements in this release with respect to the Company's sales strategies and growth initiatives are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties including, but not limited to, the Company's dependence on the PC and consumer electronics industries and on product lines based on new technologies; the Company's ability to attract and retain qualified personnel; the Company's ability to develop new products based on new or evolving technology and the market's acceptance of those products; manufacturing 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. |
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