Today's announcement marks another phase in the developing
relationship between our two companies and is another example of Imation's
commitment to deliver the broadest portfolio of removable data storage
products to end-users in Latin America," said Ron Hansen, Managing Director,
Imation Latin America.com .

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Additionally, Spanish-language news is available on CNN En Espanol. Imation to Provide Sales , Marketing, and Distribution Services for Exabyte's
VXA and Magnum Product Lines Throughout the Region

BOULDER, Colo.
For additional information, call 1-800-EXABYTE or visit
http: //www.

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For more information on Exabyte, its channel
partners, and its products, please visit http: //www.

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Exabyte will resell its VXA and Magnum products through Imation's Latin
America organization , throughout Latin America, including Argentina, Bolivia,
Brazil, the countries of the Caribbean and Central America, Colombia, Chile,
Ecuador, Mexico, Paraguay, Peru, Uruguay and Venezuela.
"In November of 2003, Imation and Exabyte entered into an agreement that
established Imation as the exclusive worldwide distributor of Exabyte brand
media products.

Imation and the Imation logo are trademarks of Imation.

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By leveraging Imation's more than 50 years of experience in removable
data storage, Imation's strong distribution channel and end-user customer base
in all countries of the region, we are well positioned to provide our
customers with the most suitable data storage protection solutions and service
within Latin America.

About Imation Corp.com . All other trademarks are property of
their respective owners.

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WASHINGTON, XM Satellite Radio, the nation 's
leading provider of satellite radio with more than 3.

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77 million subscribers,
is carrying live reports from Vatican City and special programs about Pope
John Paul II from the Vatican Radio Network , Eternal Word Television
Network/Global Catholic Network and Ave Maria Radio on XM Live (XM Channel
200). "We see this expansion as further evidence of the
global strength of the partnership and customer demand for Exabyte's highly
reliable portfolio of innovative products, within a growing and modernizing
market. We are thrilled to expand our
relationship with Imation by working together to serve the dynamic and growing
market in this region.

About Exabyte Corporation
Exabyte Corporation (OTC Bulletin Board: EXBT), now entering its 20th
year, is a recognized pioneer and leading innovator in tape storage.

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, and OAKDALE, Minn.com .
Imation Corp (NYSE: IMN) is a leading developer, manufacturer and supplier
of magnetic and optical removable data storage media .imation.

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"
Imation is a leading developer and manufacturer of removable data storage
media , serving customers' needs in more than 100 countries worldwide.

About VXA Packet Technology
Exabyte, the leading innovator in tape backup technologies since 1985, is
the only company to offer award-winning VXA Packet Technology. Information about the Latin America region is
available at http://www.

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xmradio., Fujitsu Siemens, Apple, Imation, Bull,
Toshiba, Logitec, Kontron, Tech Data , Ingram Micro, CDW and Arrow Electronics. Exabyte, VXA and
ExaBotics are trademarks of Exabyte.

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(Logo: http://www.
Superior product reviews and adoption by major OEMs, including IBM, Apple and
Fujitsu Siemens, have established VXA Packet Technology as the new standard in
tape backup .

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VXA Packet drives and tapes offer scalable
capacity -- variable cartridge capacities that provide just the right capacity
for today's backup needs and the flexibility to scale for future data growth . Exabyte has a worldwide network of OEMs, distributors and resellers
that share the company's commitment to innovation and customer service,
including IBM, HP, Fujitsu LTD. Additional information
about Imation is available on the company's website at
http://www.

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"Consistent with our coverage of other major events and
news, XM will be bringing together a mix of partners to present a compelling
arrangement of content and personal insights surrounding this historic event.

Exabyte Selects Imation to Deliver Tape Drives Libraries and Media to Fast-Growing Latin America Market

"
This agreement expands Exabyte's existing distribution channels to provide
more coverage in the region. For investor relations inquiries, contact Kelly
Beavers at investor@exabyte.

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newscom.

newspapers allyoucanread

com/cgi-bin/prnh/20000724/XMSATLOGO )
The 24-hour programming schedule includes news from the Vatican and a
variety of long-form programs, call-in shows, and other special content.

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The company's product suite is
ideally suited for SMB and departmental servers, workstations, LANs, and SANs,
providing dramatically higher capacity , speed and reliability at competitive
prices.

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The
programming will continue to air on XM Live through the selection of the next
Pope.
XM listeners also can find in-depth reporting on its news radio channels,
such as Fox News, CNN, CNN Headline News, MSNBC, and BBC World Service.
"XM Live will be featuring 24-hour coverage of extended news and
information from Vatican City and other programming about Pope John Paul II
and his successor," said Eric Logan, executive vice president of programming,
XM Satellite Radio. Exabyte
will benefit from Imation's strong distribution capabilities and end-user
relationships.exabyte.

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com.,
Exabyte Corporation (OTC Bulletin Board: EXBT), a leading innovator in tape
backup, restore, and archival systems, and Imation Corp. "This relationship leverages Imation's sales capabilities and
global customer reach to enhance the sales and promotion of Exabyte's drives,
libraries and media products in the Latin America market, where Imation has a
long-established presence and customer base.com .com .latinamerica.

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"
More information about the XM Live channel on XM Satellite Radio
(Nasdaq: XMSR) is available at xmlive. The product offering
through Imation will include the full suite of award-winning VXA products,
including stand-alone VXA-2 Packet Drives and VXA PacketLoaders as well as
Exabyte's robust line of Magnum LTO libraries.exabyte. VXA
Packet drives and autoloaders deliver transfer speeds up to 43 GB per hour,
allowing network administrators to backup 160 GB of data (equal to one VXA-2
tape) in less than four hours. With PerfectWrite and 4-level Reed-Solomon
Error Correction, VXA products are up to 180x more likely to restore your data
-- even from a damaged tape.
With award-winning VXA Packet Technology, patented ExaBotics(TM) and its
innovative engineering approach, Exabyte delivers new VXA(TM) and LTO(TM)
(Ultrium(TM)) products that consistently raise the bar for industry standards
in engineering, quality and data reliability.

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(NYSE: IMN), a
worldwide leader in removable data storage media, today announced they are
expanding their existing relationship to establish Imation as an authorized
reseller of Exabyte's VXA and Magnum (LTO(TM) Ultrium(TM)) drives, libraries
and media throughout the Latin America region. Its
heritage comprises an impressive list of industry "firsts," including the
first manufacturer of tape drives to break the 1, 2, and 5 GB capacity
barriers , the first to introduce 8mm tape drives and libraries, the first to
offer native Fibre Channel drives and libraries, the first to offer FireWire
tape drives and libraries and the first and only manufacturer to offer VXA
Packet Technology, which enables its VXA Packet drives, autoloaders and tapes
to read and write data in packets like the Internet, allowing far superior
restore integrity, exceptional transfer speeds and scalable tape capacities.

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XM Satellite Radio Broadcasts Live Reports From Vatican City and Special Programs About Pope John Paul II on XM Live (XM Channel 200)

imation.

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"Exabyte 's VXA and Magnum products have garnered widespread acclaim in
product reviews and have been adopted by major OEMs, including IBM, Apple and
Fujitsu," said Steven Coleman, Business Development Manager , Exabyte
Corporation. This
ground-breaking technology enables VXA Packet drives, autoloaders and tapes to
read and write data in packets just like the Internet, providing far superior
restore integrity, exceptional transfer speeds and scalable capacity.