Iomega buying ExcelStor Group

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Tim Higgins

ExcelStor is a subsidiary of Great Wall Technology Company Limited (“GWT”), a publicly traded company on the Hong Kong Stock Exchange (0074.HK), headquartered in Beijing, China. GWT is engaged in the development and manufacturing of communication products, including computers and related components, portable terminals, software and systems integration, broadband networks and value-added system services.

The combined company is expected to have more than $1 billion in annual revenue for 2007 and approximately 3,000 employees worldwide.

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