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I/OMagic A Five-Time Winner Of Deloitte's Technology Fast 500

I/OMagic Corp, a leading developer and marketer of digital storage solutions and digital entertainment devices, today that it has been named one of the 500 fastest growing companies in North America on the 2003 Deloitte Technology Fast 500. This is the fifth consecutive year that I/OMagic has been named to the Fast 500. Rankings are based on average percentage revenue growth over five years, from 1998-2002. The company grew 821 percent during this period.

"We are proud to be selected by Deloitte for the Fast 500 for a fifth time, based on revenue growth," said Tony Shahbaz, president and CEO of I/OMagic. "This is a testament to the commitment of our employees and retail partners, who enabled the company to post strong top-line growth, even in what has been a challenging market for most technology companies. We expect to continue to deliver premier product solutions to maintain our market position and secure return on investments for our shareholders."

"With the ongoing transition from CD R/W to DVD R/W technology, I/OMagic is positioned to play a leading role in driving the next generation of performance, flexibility and value in digital storage solutions," Shahbaz concluded.

The Fast 500 list is compiled from Deloitte's 20 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research.

"Growing the top line enough to make the Deloitte Technology Fast 500 is especially meaningful during tough economic times for the technology sector," said Mark A. Evans, national managing partner of Deloitte's Technology, Media & Telecommunications Group. "We congratulate I/OMagic on becoming one of the 500 fastest growing technology companies in North America."