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

FOR IMMEDIATE RELEASE

Iomega Partners with I-Jam Multimedia to Distribute
Pre-Recorded Content on Affordable, Portable Media

ROY, Utah, January 8, 2001 - Iomega Corporation (NYSE: IOM), a global leader in data management solutions, today announced that I-Jam Multimedia L.L.C. will distribute pre-recorded content on Iomega's PocketZipTM disks beginning this month at select Tower Records, Wherehouse Records, Musicland, Borders and on the Internet at MediaBay.com.

As an Iomega licensee, I-Jam will distribute pre-recorded content on its new License PlateTM, or LP format, using Iomega 40MB PocketZip disks. Pre-recorded content will include music, best-selling books, classic radio shows and digital magazines. Featured musical artists include the Charlie Daniels Band and Al Green as well as audio book titles by John Grisham and Danielle Steele.

"Iomega's relationship with I-Jam illustrates the promise of the PocketZip technology for audio distribution," said Bruce Albertson, president and CEO, Iomega Corporation. "I-Jam has selected PocketZip technology as an affordable media that's easy and fun to use. Consumers who buy digital audio players and PC Card drives using PocketZip media now have a great new option for affordable, portable music and audio book collections."

"I-Jam is leading the way in the digital audio arena by offering an innovative, secure alternative to traditional storage formats," said Doug Marrison, president and CEO, I-Jam Multimedia. "Our partnership with Iomega further solidifies our commitment to bringing affordable digital content to consumers."

I-Jam's pre-recorded content will be packaged in CD jewel cases, allowing participating retailers to use current racks to display the new LPs. The LP will sell for a suggested retail price of $19.98 for music and $29.99 for books.

About I-Jam Multimedia L.L.C.
I-Jam Multimedia L.L.C., headquartered in Schaumburg, Ill., was formed in 1999 to develop and market micro-sized, multimedia products in the digital audio and video categories. The company is leveraging its advanced, in-house expertise in microcircuit design and development with its consumer marketing experience to create innovative solutions for the entertainment and technology industries. For more information, go to the company's Web site at http://www.ijamworld.com

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, and Quik Sync 2 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, governments 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 PocketZip License Plate disks, anticipated product pricing and availability, expected product performance and specifications, future applications for the new product 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 here of, 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, PocketZip License Plate products, 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. Certain other product names, brand names and company names may be trademarks or designations of their respective owners.