Analyst/Investors, please contact:
Jim Recob, Iomega Corporation, (801)332-4430 recob@iomega.com

FOR IMMEDIATE RELEASE

Iomega And Audible.com To Offer Extensive Content For Users Of Iomega's HipZip Digital Audio Player

Affordable PocketZip Disks Allow A Portable Library of Audiobooks, Newspapers, Comedy and More

ROY, Utah, Jan. 23, 2001 - Iomega Corporation (NYSE: IOM) and Audible, Inc. (NASDAQ: ADBL) today announced an agreement to offer the Audible® Internet audio service for Iomega's HipZipTM digital audio player. Audible is the leading provider of Internet-delivered spoken audio for mobile playback on AudibleReadyTM portable digital devices.

By mid-year, Iomega HipZipTM digital audio players will ship with upgraded firmware and software which will allow HipZip users to access thousands of digital audio titles for download and mobile playback from audible.comTM. At that time, current owners of existing HipZip units will be able to easily upgrade their players through a download from Iomega.com. HipZip players use 40MB PocketZipTM disks that cost as little as $10 per disk and can store more than 10 hours of Audible audio, making them the economical alternative to expensive solid state media.

"Audible's advanced digital delivery technology and wide selection of content will offer HipZip users extensive spoken audio options," said Doug Collier, vice president of marketing, product management, and business development at Iomega Corporation. "The low cost of PocketZip disks will allow HipZip users to easily and affordably archive news and carry an unlimited number of audiobooks and other content."

Audible.com features daily selected audio content from The Wall Street Journal and daily digests of The New York Times, San Jose Mercury News, Los Angeles Times, and Slate-- all available on a subscription basis -- as well as The Economist, The Industry Standard, Forbes, Harvard Business Review and Scientific American. The site also offers a powerful collection of audiobook best sellers and classics by authors such as Stephen King, John Grisham, Mary Higgins Clark, William Shakespeare, Emily Dickinson and Jane Austen. Speeches, lectures and on-demand radio programs including Marketplace, All Things Considered®, Car Talk, Fresh Air and This American Life are also available.

"Audible is pleased to offer our Internet audio content and services to users of the Iomega HipZip digital audio players," said Guy Story, chief scientist at Audible, Inc. "We are confident that Audible's timely news and information, in addition to compelling entertainment, will be a valued addition to the HipZip listener's experience."

About Audible, Inc.
Audible® (www.audible.com) is the Internet's largest, most diverse provider of premium spoken audio services for content download or playback on personal computers or AudibleReadyTM mobile devices. Audible has more than 26,000 hours of audio programs and 160 content partners that include leading audiobook publishers, broadcasters, magazine and newspaper publishers and business information providers. Audible.com is Amazon.com's (www.amazon.com) exclusive provider of spoken word products for downloading or streaming via the Web. Additionally, the Company is strategically aligned with Random House, Inc., to pioneer the first-ever imprint to produce spoken word content specifically suited for digital distribution, Random House Audible. Among the Company's key business partners are Casio Inc., Compaq Computer Corporation, SONICblue Incorporated's Rio Audio Group, Microsoft Corporation, Royal Philips Electronics, RealNetworks, Inc., Texas Instruments and VoiceAge Corp.

About Iomega
Iomega Corporation (NYSE:IOM) manufactures and markets the award-winning Zip®, Jaz® and PocketZipTM drives and disks, the HipZipTM digital audio player, the FotoShowTM digital image center, LifeWorksTM software, and Iomega QuikSyncTM software; Iomega also markets Iomega CD-RW drives. Iomega's products help people to save, share, manage and create important information such as Internet downloads, audio files, personal photographs, spreadsheets, and slides, while protecting that content from viruses and hackers. Used in homes, businesses, government and educational facilities and by creative professionals everywhere, Iomega storage solutions are the enabling technologies preferred by millions. The Company can be reached at 1-888-4-IOMEGA (888-446-6342), or on the Web at http://www.iomega.com.

NOTE: The statements contained in this release regarding development, production and distribution of HipZip players incorporating the Audible service, HipZip player upgrades to the Audible service, anticipated product pricing and availability, expected product performance and specifications, future applications for the HipZip player and the Audible service, and all other statements that are not purely historical, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All such forward-looking statements are based upon information available to Iomega as of the date hereof, and Iomega disclaims any intention or obligation to update any such forward-looking statements. Actual results could differ materially from current expectations. Factors that could cause or contribute to such differences include, but are not limited to, the successful completion of product development and testing, market acceptance of, and demand for, the Audible service, any difficulties encountered in ramping up production or other manufacturing issues, including component availability and pricing, co-development, production, and distribution issues, product pricing and conformity to specifications, dependence upon third party suppliers, competition, intellectual property rights and other risks and uncertainties identified in the reports filed from time to time by Iomega with the U.S. Securities and Exchange Commission , including Iomega's Annual Report on Form 10-K for the year ended December 31, 1999, and its most recent Quarterly Report on Form 10-Q.

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Copyright© 2001 Iomega Corporation. All rights reserved. Iomega, Zip, Jaz, PocketZip, HipZip, FotoShow, and LifeWorks are either registered trademarks or trademarks of Iomega Corporation in the United States and/or other countries. Audible is a registered trademark of Audible, Inc.; AudibleReady and www.audible.com are trademarks of Audible, Inc.