04.08.2008 - Iomega Announces Termination of Share Purchase Agreement With ExcelStor Entities

SAN DIEGO, April 8, 2008 - As previously disclosed, Iomega Corporation (NYSE: IOM) had entered into a share purchase agreement with ExcelStor Great Wall Technology Limited, a Cayman Islands company ("ESGWT"), Shenzhen ExcelStor Technology Limited, a PRC company ("SETL" and, together with ESGWT, "ExcelStor"), Great Wall Technology Company Limited, a People's Republic of China company ("GWT"), ExcelStor Group Limited, a Cayman Islands company ("EGL"), and ExcelStor Holdings Limited, a British Virgin Islands company ("EHL" and, together with GWT and EGL, the "Selling Shareholders"), on December 12, 2007 (the "Purchase Agreement"). - View Press Release - Visit Iomega Corporation