Iomega Will Move its Headquaters

Iomega entered into a sub-leased agreement with AvNet to lease 23,420 feet of office space located at 3721 Valley Center Drive in San Diego, CA,  where the company will move all the operations currently conducted at its headquarters at 10955 Vista Sorrento Parkway at the end of July 2008. The company will pay rental rates of $41,400 per month for the first year of the lease, $55,758 for the second year and then $57,710, $59,729 and $61,820 for the subsequent years.