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

FOR IMMEDIATE RELEASE

Iomega Partners With Industry-Leading Software Companies To Showcase New Peerless Drive System

MGI, Corel, Altiris and Aladdin To Participate With Iomega in Joint Marketing Efforts

ROY, Utah, May 14, 2001 - Iomega Corporation (NYSE: IOM) today announced agreements with prominent software companies MGI (TSE: MGI), Corel Corporation (NASDAQ: CORL, TSE: COR), Aladdin Systems Inc. (OTC NQB: ALHI) and Altiris Inc. to bundle their products and join the marketing launch of the new 10GB and 20GB PeerlessTM drive systems from Iomega.

Industry-leading software from MGI, Altiris and Aladdin Systems will ship with Iomega's new award-winning Peerless drive systems, which will be available in the second quarter of 2001. Iomega will also participate in joint marketing activities with MGI, Corel and Altiris in support of the product's launch. Consumers can pre-order Iomega's Peerless drive system today at http://www.iomega.com.

"With our partners' software and Iomega's new Peerless drive system, users will enjoy the freedom to simply and flexibly manage massive files on a disk that slips into a shirt pocket," said Doug Collier, senior vice president, marketing and product management, Iomega Corporation. "We're pleased to offer this added value to our customers and give them this tremendous functionality right out of the box."

An Iomega edition of MGI PhotoSuite software will be included with Peerless drives. PhotoSuite provides image editing and photo project capabilities designed to make Web and PC photography easy. An Iomega edition of MGI VideoWave will also be included with Peerless drives, allowing even novice users to combine video clips, animation, graphics, photos and audio into professional-quality business presentations, Web content, home movies, training materials and more.

"Iomega's Peerless drive raises the bar for removable storage and will be a boon to those who create and exchange photo and video files created with MGI PhotoSuite and VideoWave," said Ihor Petelycky, chief product strategist, MGI.

For Macintosh® users, Aladdin ShrinkWrap 3.5.1 will provide customers with the ability to create disk images -- exact byte-for-byte copies -- of hard disks, floppies, CDs, files or any type of data.

"The combination of a Peerless disk and ShrinkWrap software creates a powerful solution for enterprise customers and home users to do anything from creating a simple backup of their entire hard drive to migrating the entire contents of an old computer to a new system," said Pauline Shumake, ShrinkWrap product manager, Aladdin Systems.

Altiris PC TransplantTM software, which is also included with Iomega Peerless drives, enables users to quickly and simply move key files, directories, and personal settings from one computer to another. It employs a wizard-based interface to help identify and capture this information for the user's desktop, network and applications and builds it into a compressed, self-extracting Personality Package.

With PC Transplant software, operating system migrations are simplified by cloning the system and migrating each PC's unique name and IP address (or DHCP settings), automatically recreating a user account with network and sharing rights, printer drivers, and desktop personality intact. The combination of PC Transplant software and the Iomega Peerless drive system breaks new ground in simplifying the challenges of upgrading remote users.

"Using PC Transplant to migrate all user preferences and personality onto a 20 gigabyte Peerless disk, a user can arrive at a remote location and be ready to work without even losing his or her preferred wallpaper or Internet favorites," said Tyler Smith, vice president of marketing at Altiris. "The future of computing rests in allowing users to work at any time from any location, and Iomega's Peerless disk is well positioned for that future."

A special flash demo of CorelDraw® 10 Graphics Suite will also ship on the application CD for all Iomega Peerless drives. Peerless customers benefit from a limited-time offer to purchase Corel's award-winning application at a special price. CorelDraw 10 Graphics Suite delivers vector illustration, layout, bitmap creation, image editing, painting and animation software all in one package.

"We are pleased to coordinate our marketing efforts with Iomega," said Jon Riis, director of OEM sales at Corel Corporation. "Iomega's Peerless drive provides enormous value to the workflow of professional designers and graphic artists, who require memory-intensive software. Customers benefit from the inherent value in both Corel and Iomega products."

Peerless disks slip into a base station only slightly larger than the disk itself-a slim, vertical enclosure about four inches across and five inches tall. The Peerless drive system's modular design, high capacity and hard-drive performance open up an entirely new class of devices. With FireWire transfer rates of up to an expected 15 MB/sec, the Peerless drive system is an affordable, high performance hardware solution. Iomega Peerless drives can be pre-ordered today at http://www.iomega.com.

About MGI
MGI is a global leading provider of visual media software and infrastructure solutions that enable individuals and businesses to maximize their use of digital images and video. The Company's products are distributed in over 40 countries through original equipment manufacturers (OEMs), value-added resellers (VARs), as well as leading computer and electronic retail stores, and websites. Shipments of MGI's flagship PhotoSuite and VideoWave products have surpassed 39 million units and its image server technologies and web tools are currently employed by over 200 commercial websites. The Company's offerings include proprietary technologies, supported by over 80 patents and patent pending applications.

With headquarters in Richmond Hill, Canada, MGI maintains branch offices in Campbell, CA; Milton Keynes, UK; Paris, France; Paderborn, Germany; Tokyo, Japan; Taipei, Taiwan; and Seoul, Korea. MGI is a public company whose shares are traded on the Toronto Stock Exchange under the symbol 'MGI'. MGI is part of the TSE-300 index. More information may be obtained on the Company at www.mgisoft.com.

About Corel Corporation
Corel Corporation provides its customers with the creative tools they need to unleash their imaginations. With its heritage of software innovation and a solid franchise of loyal customers worldwide, Corel has earned its reputation as an internationally recognized developer of award-winning graphics and business productivity applications on the Windows®, Macintosh®, Linux® and UNIX® platforms. In 2001, Corel will continue to expand its support of the Web, delivering the Internet's versatility to customers through exciting Web-based applications, content and services. Corel will also be developing applications for Microsoft's .NET platform as part of its commitment to provide customers with a full range of applications and services over the Internet. With its headquarters in Ottawa, Canada, Corel continues to be one of Silicon Valley North's most exciting and influential software companies. Corel's common stock trades on the NASDAQ Stock Market under the symbol CORL and on the Toronto Stock Exchange under the symbol COR. For more information on Corel Corporation, please visit www.corel.com.

About Aladdin Systems
Aladdin Systems Inc.: Helping Transmit, Access and Organize Information(tm)
Founded in 1988, Aladdin Systems, Inc., a wholly owned subsidiary of Aladdin Systems Holdings, Inc. (OTC BB: ALHI), is in its second decade of developing and publishing award-winning business and consumer products. Aladdin provides computing solutions that help people transmit, access and organize their information.
Aladdin is located at 165 Westridge Drive, Watsonville, CA 95076, USA; telephone: (831)761-6200; Fax: (831)761-6206. For more information about Aladdin, visit the company web site at: http://www.aladdinsys.com.

About Altiris
Altiris Inc. develops, markets, and supports a full line of Web-enabled solutions that empower IT professionals to easily manage corporate information technology resources throughout the IT lifecycle. Altiris' flagship product, Altiris eXpress, is unique in its ability to provide full systems management, including deployment and migration, software management, asset tracking and management, help desk, and health monitoring. Altiris solutions greatly reduce the cost and complexity of owning and managing IT resources. Headquartered in Lindon, Utah, Altiris enjoys a worldwide development, service, and sales presence. For information about Altiris and its products, visit http://www.altiris.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 software, and Iomega QuikSyncTM software; Iomega also markets Iomega CD-RW drives, CompactFlashTM and SmartMediaTM memory cards, and the Iomega MicrodriveTM miniature hard drive. 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 Iomega Peerless drives and partner software, 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 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 Iomega product and the included software titles, 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, the success of the partnerships with the software providers, 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, 2000, 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, Predator, QuikSync and LifeWorks are either registered trademarks or trademarks of Iomega Corporation in the United States and/or other countries. Microdrive is a trademark of IBM Corporation and is used with permission. PhotoSuite and VideoWave are trademarks of MGI. CorelDraw is a registered trademark of Corel Corporation. PC Transplant Pro is a trademark of Altiris Inc. ShrinkWrap is a trademark of Aladdin Systems. Certain other product names, brand names and company names may be trademarks or designations of their respective owners.