New Delhi, October 17, 2005 - Iomega Corporation (NYSE: IOM), global leader in data storage, today announced 'Diwali Dhamaka' festival offer for its distributors in India. As a part of this offer, on every purchase of 10 units of Iomega external CDRWs, Iomega will give away incentives of US$ 25.

The Offer is effective from October 17 to 31, 2005 on all Iomega CDRWs available with Iomega's distributors.

"Iomega appreciates its distributor community in India for its very enthusiastic response to its schemes and offers in the past. We are sure that with this offer, our ICP partners will be encouraged to purchase their favourite Iomega external CDRWs and earn attractive incentive at the same time," said DR Baskaran, Business Development Manager for India & Middle East, Iomega Corporation.

"Iomega has always supported its channel partners with such festival offers and in future we will keep up this momentum adding lots of benefits to the distributor community" he added.

As part of this offer, Iomega will refund the rebate as per the claims submitted by distributors. Distributors will settle in the invoice itself, purchases made in a single invoice.

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 Iomega® REV™ 35GB Drive in multiple computer interfaces, as well as a 10-cartridge, one-drive automation product, the REV 1000 Autoloader, popular Zip® 100MB, 250MB and 750MB Drives, high-performance Iomega external hard drives, Iomega Mini USB Drives and Micro Mini™ USB Drives, Iomega internal and external CD-RW Drives, Iomega Super DVD Drives including the QuikTouch. ™ DVD Video Burner, and the 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® Pro DVD/CD-burning software, and Active Disk™ technology. For networks, Iomega NAS servers offer capacities of 160GB to 1.6TB.
Iomega can be reached on the Web at http://www.iomega-asia.com.

For further information contact:

Palin Ningthoujam, Hemant Dixit
e,Lexicon Public Relations & Corporate Consultants Ltd.
Tel: 91-11- 2623 4726, 2622 3099
E-mail: palin@e-lexiconpr.com, hemant@e-lexiconpr.com