Media please contact:
Chris Romoser, Iomega Corporation, (858) 314-7148 romoser@iomega.com

Analyst/Investors, please contact:
Thomas Kampfer, Iomega Corporation, (858) 314-7188

For Immediate Release

Revolutionary Iomega REV™ 35 Gigabyte Drive Now Available with
ASUS Servers

SAN DIEGO, July 12, 2004 ­ Iomega Corporation (NYSE: IOM), a global leader in data storage, today announced that ASUSTeK Computer Inc. (ASUS), a leading provider of high-performance server systems, has now qualified the IomegaŽ REV™ 35GB/90GB* drive for use as the preferred backup device in ASUS servers. Iomega REV drives covered in the ASUS qualification include SCSI, ATAPI, and USB 2.0 models.

"I am happy to announce that ASUS has qualified the high-performance Iomega REV drive as a tape-replacement solution for ASUS servers," said Werner Heid, president and CEO, Iomega Corporation. "Iomega's REV technology gives ASUS customers exactly what they need in a backup and disaster recovery solution: superior speed, simplicity and reliability at a great price, without the compromises associated with tape. Important qualifications like this one with ASUS help to validate Iomega's OEM strategy and bring the benefits of the REV drive to a broader audience of small business owners and IT managers."

The Iomega REV drive offers the removeability of tape with the speed and ease of use of a hard drive. REV disks transfer data up to eight times faster than tape**, are smaller than a deck of playing cards (10 x 77 x 75 mm), and can be rewritten more than a million times (estimated). With a maximum sustained transfer rate of 25 MB/sec, and using drag and drop random access technology, REV users can copy and restore individual files in seconds.

"Our server customers require the most cost effective ways to backup and archive their clients' critical data," said Bernard Chang, assistant vice president of Server Business Unit, ASUSTek Computer Inc. "The Iomega REV drive fills this need by providing a revolutionary product with many usage options.   At peak business hours, the Iomega REV drive is an ideal nearline storage device that enables users to archive and retrieve a single file within seconds.   At non-peak business hours, the Iomega REV drive can backup and restore a large quantity of data at a much better performance than many competing tape devices.   By qualifying the Iomega REV drive with our server products, we offer our customers a reliable backup and disaster recovery device at a breakthrough value and performance.    With Iomega's established reputation and leadership in HDD removable storage devices, the Iomega REV drive is the clear choice for us."     

Iomega REV Drive: The Tape Replacement Choice
Easy to use and priced lower than most competing tape products, Iomega's REV drive outperforms more expensive tape alternatives like DDS-4, DAT-72, VXA®, AIT-1, and DLT VS80. Servers with REV disk backup will also appeal to businesses and home office users that have never adopted tape backup due to speed, cost, or ease-of-use issues. The market is sizeable, with 7.9 million small businesses (under 100 employees) and 32.5 million home office households in the U.S. (IDC estimate). Medical, legal, financial and other such businesses faced with regulatory compliance requirements for data archiving further extend the market for internal and external REV drives as an ideal backup, archiving, and portable storage solution.

"Iomega's REV drive is a compelling alternative for customers who have traditionally used tape for backup and data protection on their entry level servers as well as high-end desktops," said Robert Amatruda, research manager at IDC. "REV's performance, ease-of-use and attractive price make it a good fit for small businesses that value high-capacity removable storage."

Revolutionary Software
Many backup software companies, including CommVault Systems, Computer Associates, Dantz, VERITAS, and Yosemite Technologies, already support the REV drive with standard backup software. ASUS servers with Iomega REV drives also include a REV-specific version of Symantec's Ghost™, for full-system disaster recovery, and Iomega's Automatic Backup Pro software, which provides frequent file-level backup to a REV drive.

About ASUS
ASUSTeK Computer Inc. (TSE:2357), the perennial leader of the motherboard industry, is also a world class manufacturer of top-quality desktop barebones, notebooks, IA devices, servers, graphics cards, broadband modems, wireless solutions, optical drives and networking devices. With world-class engineering and offices and subsidiaries located in all corners of the world, ASUSTeK provides innovative solutions to consumers, businesses and OEM customers. The company has been amongst BusinessWeek 's "InfoTech 100" since 1998. www.asus.com.

About Iomega
Iomega Corporation provides easy-to-use, high value storage solutions to help people protect, secure, capture and share their valuable digital information. Iomega's award-winning storage products include the new 35GB Iomega REV™ Drive, popular Zip® 100MB, 250MB and 750MB drives, high-performance Iomega® HDD External Hard Drives in desktop and portable configurations, Iomega Mini USB Drives and Micro Mini™ USB Drives, Iomega external CD-RW drives, Iomega Super DVD drives and the Iomega Floppy USB-Powered Drive. Iomega simplifies data protection and sharing at home and in the workplace with Iomega Automatic Backup software, Iomega Sync software, HotBurn® CD-recording software, and Active Disk™ technology. For networks, Iomega NAS servers offer capacities of 160GB to 1TB. For unlimited capacity and anytime, anywhere access, Iomega offers iStorage™ secure online storage. Iomega also offers businesses and consumers a comprehensive data recovery services solution for recovering lost data due to hardware failure, file corruption or media damage. The Company can be reached at 1-888-4-IOMEGA (888-446-6342), or on the Web at www.iomega.com.

NOTE: The statements contained in this release regarding future performance, development, production and distribution of Iomega products including REV drives or disks, anticipated product pricing and availability, 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, 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, any losses of key personnel, 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, 2003, and its most recent Quarterly Report on Form 10-Q.

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*Compressed capacity assuming 2.6:1 data compression with "high" compression on Iomega Automatic Backup Pro software.   Capacity may vary and is data and software dependent. 1 GB = 1,000,000,000 bytes

**Compared to DDS-4  

Copyright© 2004 Iomega Corporation. All rights reserved. Iomega, Zip, REV, Active Disk, iStorage, Micro Mini, HotBurn and QuikTouch 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.