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IOMEGA ANNUAL MEETING LOOKS TO THE FUTURE

 IOMEGA ANNUAL MEETING LOOKS TO THE FUTURE
 ROY, Utah, May 13 /PRNewswire/ -- Fred Wenninger, IOMEGA


(NASDAQ-NMS: IOMG) CEO, briefed shareholders yesterday on the corporation's future product potential.
 A full line of tape products is planned for a market that analysts believe is growing at 15 percent a year. The first product will be QIC-80 format compatible. We have manufactured over 500 drives and are in beta test.
 IOMEGA's Floptical product development started in May of 1990 under a license agreement with Insite Peripherals, and has included IOMEGA proprietary hologram technology. Chinon is IOMEGA's manufacturing partner, but IOMEGA also plans to manufacture drives in Roy, Utah. To date, 300 drives have been manufactured but are not yet in beta test. IOMEGA also intends to manufacture and sell Floptical media. IOMEGA is developing a proprietary laser media manufacturing system and plans to market the systems to other Floptical media manufacturers.
 IOMEGA plans to continue development of products using its patented Bernoulli Technology. According to Wenninger, "We are nowhere near the limits of our technology. The technology is capable of much higher capacities, higher performance and smaller form factors. We expect to continue our cost reduction activities as well."
 Wenninger further stated that the acquisition of the rights to planar thin film technology provides the potential for higher performance IOMEGA products at a lower cost. Successful development of the technology would result in multiple magnetic gaps per head which can provide a unique contribution over conventional thin film technology and make possible read and write compatibility with previous generations of IOMEGA products.
 IOMEGA Corporation also announced today that the Board of Directors of IOMEGA authorized the repurchase of an additional 1 million shares of its common stock on the open market or in negotiated transactions. IOMEGA had previously authorized the purchase of 1 million shares of which 800,000 have been purchased -- 300,000 in the past week -- so that with the new authorization a total of 1.2 million is now authorized. The repurchased shares will be used primarily for the company's stock option and employee stock purchase plans. IOMEGA has approximately 15,046,523 shares of common stock outstanding.
 IOMEGA Corporation, Roy, Utah develops, manufactures and sells high-performance removable mass storage products for desktop computers. IOMEGA's patented Bernoulli Technology provides unlimited data storage capability by combining the removability of floppy drives with the high capacity and performance of rigid drives. IOMEGA's common stock is listed on the NASDAQ National Market System under the symbol IOMG.
 -0- 5/13/92
 /NOTE TO EDITOR: IOMEGA and Bernoulli Technology are the registered trademarks of IOMEGA Corporation. Floptical is the registered trademark of Insite Peripherals, Inc./
 /CONTACT: Paul D. Slack of IOMEGA Corporation, 801-778-1000/
 (IOMB) CO: IOMEGA ST: Utah IN: CPR SU:


AW-JB -- DV007 -- 9571 05/13/92 10:23 EDT
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Publication:PR Newswire
Date:May 13, 1992
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