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

Analyst/Investors, please contact:
Preston Romm, Iomega Corporation, (858) 314-7188

For Immediate Release

Iomega's New 320GB eSATA/USB Drive Now Available for Professional Users
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EMC® Retrospect® Express Backup Software Unleashes Full Power of New Iomega eSATA Drive

SAN DIEGO, August 23, 2006 - Iomega Corporation (NYSE: IOM), a global leader in data storage and protection, today announced availability of the new Iomega® Desktop Hard Drive eSATA/USB 2.0 320 GB*. Designed to close the gap between built-in hard drives and the fastest external hard drives available today, Iomega's new eSATA interface features triple the transfer rate of USB 2.0 for ideal performance with any application, from video editing to lightning-fast backups.

Iomega's eSATA drive gets its speed advantage by exploiting the same type of high-speed interface as an internal hard drive. It ships with an included eSATA PCI card and cable that can upgrade most PC motherboards to eSATA capability, giving existing computers the same high-speed interface that is now beginning to appear in new high-end personal computers.

Users of Iomega's new eSATA drive can easily add multiple Iomega eSATA drives, each of which exceeds the performance of a FireWire® 800 drive. They can stack drives or mount them vertically with the built-in drive stand. And since the enclosure is 30 percent smaller than that of other external hard drives, users can also keep more available desk space.

"When we talk to power users, they are passionate about their need for speed, efficiency and elegance in their computer systems. That's why we're pleased to be able to bring them a design that offers such an effortless increment in storage speed," said Ashley Domis, global product manager for HDD solutions, Iomega Corporation. "In addition, each drive comes with Retrospect Express to back up important files in the background, automatically, so your backup is always ready even if you aren't."

EMC® Retrospect® Express software delivers automated, reliable, cost-effective protection for Windows® and Mac® users. Its award-winning design makes it easy to set up and manage highly efficient backups on any PC, greatly simplifying disaster recovery. Users can back up open files, verify backup integrity during the backup, have scheduled backups proceed even without logging in, and recover individual files or a complete system to any point in time.

Included With Each Drive
The Iomega® Desktop Hard Drive eSATA/USB 2.0 320 GB* comes with an eSATA PCI card and cable, a USB 2.0 cable, a power cable, and a Quick Start guide and Solutions CD. Retrospect® Express software is included with each drive.

Price and Availability
The Iomega® Desktop Hard Drive eSATA/USB 2.0 320 GB is available now for $239.95 (price is U.S. suggested retail).

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 Iomega® REV® platform: the new Iomega REV 70GB Backup Drive, available in USB 2.0 and ATAPI computer interface models for server implementations; Iomega REV™ 35GB Drive, available in multiple interfaces, as well as the REV 1000 Autoloader and new REV Loader 280; Zip® 100MB, 250MB and 750MB Drives; the new Iomega StorCenter™ Network Hard Drives, high-performance Iomega® External Hard Drives including the Iomega Micro Mini Hard Drive, the Iomega StorCenter™ Network Hard Drive, the Iomega 1TB Desktop Hard Drive XL Series, the Iomega MiniMax USB 2.0/FireWire Desktop Hard Drive and the Iomega ScreenPlay™ Multimedia Drive; Iomega Mini USB Drives, Micro Mini™ USB Drives, and the Iomega Mixx™ MP3 player; Iomega external CD-RW Drives; Iomega Super DVD Drives and the QuikTouch™ Video Burner; and Iomega Floppy USB-Powered Drives. 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 StorCenter Pro NAS servers offer capacities of 160GB to 1.6TB. 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. Resellers can visit Iomega at www.iomega.com/ipartner.

NOTE:  The statements contained in this release regarding availability and distribution of the Iomega® Desktop Hard Drive eSATA/USB 2.0 320 GB, anticipated product pricing, 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, 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, 2005, and its most recent Quarterly Report on Form 10-Q.

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* 1 GB = 1,000,000,000 bytes.

Copyright© 2006 Iomega Corporation. All rights reserved. Iomega, Zip, REV, Micro Mini, iStorage, HotBurn and StorCenter are either registered trademarks or trademarks of Iomega Corporation in the United States and/or other countries. All other trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.