PowerFile and Pegasus Partner to Provide Workgroup Storage Management Solution; Partnership's Solution Allows Workgroups Faster Retrieval of Valuable Digital Files.

Business Editors/High-Tech Writers

LOS GATOS, Calif.--(BUSINESS WIRE)--July 24, 2001

PowerFile, a leading provider of near-line optical storage solutions, announces a partnership with Pegasus, a developer of storage management software for optical storage devices. PowerFile now offers a Workgroup solution, giving multiple users the power to easily and efficiently share, organize and access DVD/CD-ROMs through single drive letter access via Windows Explorer, in addition to directory caching for immediate meta data access. Without immediate reliable access to pre-existing data, employees waste time searching, recreating and duplicating files, rather than authoring new content or repurposing existing files to create new revenue streams.

"These powerful enhancements allow us to offer the most cost effective optical storage solution on the market," says Anders B. Axelsson, CEO of PowerFile. "With the amount of near-line storage requirements growing exponentially, it is critical for companies to effectively and efficiently manage these digital assets for strategic and economic advantage."

"We're excited to join forces with PowerFile to bring this robust Workgroup solution to a higher volume storage market," says Roy Slicker, president of Pegasus. "Combining the capacity of the PowerFile DVD/CD product with our Windows 2000 server or workstation based software provides users and developers the ability share virtually any kind of data while effectively eliminating lost media, which increases overall productivity at a fraction of the cost of other solutions."

Key Benefits of the PowerFile-Pegasus Workgroup solution

-- Single drive-letter access to all files in one easy to find location

-- Directory caching for immediate detailed meta data access

-- Capacity for up to several terabytes of storage

-- Scalable: can daisy chain up to three jukeboxes

-- Instant availability over the network

Availability

The PowerFile Workgroup solution can be purchased through qualified resellers listed on PowerFile's web site at http://www.dvdjukebox.com/Resellers. All PowerFile solutions can also be purchased directly through PowerFile's web site at http://www.dvdjukebox.com, or by calling 866/8DVD-NOW. For existing C200 Studio customers, The Pegasus InveStore software add-on is also available.

About Pegasus

Pegasus Disk Technologies, Inc., headquartered in San Ramon, Calif., develops storage management software for optical, CD-ROM and DVD based disk drives, jukeboxes, and towers from leading manufacturers. Founded in 1988, Pegasus has developed long-term strategic partnerships with leading developers that use its products to manage optical devices within their applications. Visit http://www.pegasus-ofs.com for additional information.

About PowerFile

Founded in 1998, PowerFile has a simple and focused mission: to provide powerful optical digital asset management and archival solutions. The company develops cost-effective near-line storage solutions to provide users with increased productivity, improved workflow processes and a rapid return on investment. The company is privately held and headquartered in Los Gatos, Calif. Visit http://www.dvdjukebox.com for additional information.