-- New Portable, Stand Alone 20 GB Device Holds Up to 15,000 Pictures(a)

SANTA ANA, Calif.--April 29, 2003-- I/OMagic Corp., a leading developer and marketer of data storage and digital entertainment devices, recently introduced a new portable, stand alone device that is equipped with a 6-n-1 memory card reader allowing users -- with just one touch -- to conveniently copy all digital images from their camera's memory card into its 20 GB storage space. The new product is the I/OMagic "Digital Photo Library."

The Digital Photo Library allows users to shoot unlimited pictures, then quickly and easily store up to 15,000(a) pictures without having to connect to a computer. Features include quick image downloads from the camera's memory card to the Digital Photo Library, easy and fast transfers via a USB interface to a PC, and a rechargeable battery that lasts for more than two hours allowing "on the go" image transfers.

"It's cost-effective to own the Digital Photo Library because there is no longer a need for digital camera users to purchase multiple memory cards," said Paul T. McCauley, vice president of Marketing for I/OMagic Corp. "This convenient, two-pound device is the perfect travel companion."

"We believe there is huge growth potential for this product which goes hand-in-hand with soaring digital camera sales," continued McCauley. "We've already received commitments from some of the largest computer and camera retailers in North America."

The Digital Photo Library supports most of today's different types of memory cards including Compact Flash (CF), Smart Media (SM), Memory Stick (MS), Secure Data (SD), MultiMedia Card (MMC) and IBM MicroDrive. The Digital Photo Library has an MSRP of $229.99.

Note (a): 15,000 pictures at 1.3 mega pixels per picture.

About I/OMagic

I/OMagic develops and markets data storage products (CD-ROM, CD-RW drives & media, DVD-ROM & DVD+RW/+R drives, MediaStation Writer & Digital Photo Library) and digital entertainment devices (MP3 players & LCD Flat Panel TV/Monitors). The company sells its many products, under three brand names -- I/OMagic, Hi-Val & Digital Research Technologies -- through nationally and internationally recognized computer retail outlets, such as Best Buy, Circuit City, CompUSA, Office Depot, OfficeMax, Radio Shack U.S. and Future Shop of Canada. For more information, visit the I/OMagic Web site at www.iomagic.com.

Forward-looking statements in this release with respect to the financial condition, results of operation and business of the company are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties including, but not limited to, dependence on the PC and consumer electronics industries and on product lines based on new technologies; foundry capacity, availability and reliability; competition and pricing pressures; and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.