FOR IMMEDIATE RELEASE

Mangosoft Announces Alliance with Marketlink

Mangosoft's Cachelink(R) Web Caching Software to be Offered Through Marketlink's National Distribution Channel

Westborough, MA - August 7, 2000: Mangosoft Inc. (NASDAQ BB: MGOF), developers of innovative software that leverages PC desktop systems to improve Internet access, today announced a distribution agreement with Marketlink Technologies, LLC, a national outsource sales and marketing organization for the computer channel. Under the agreement, Marketlink will market and sell Mangosoft's Cachelink Pro Web caching software to value-added resellers (VARs), independent software vendors (ISVs), integrators, and other solution providers. Cachelink Pro is a software-based, LAN-wide Web cache product designed to significantly increase the speed and performance of Internet and intranet access for small to mid-sized businesses.

The alliance with Marketlink will serve as the cornerstone for the company's new solution providers program. Mangosoft's new sales channel will be ideally suited for small-to-mid-size businesses looking to maximize bandwidth by increasing their office Internet access speed.

In a separate announcement today, Mangosoft also introduced Cachelink Pro, the only computer desktop Web caching software available that increases Web access up to 40 times faster with a T1 line, up to 60 times faster with DSL and up to 160 times faster with a 56K modem. Cachelink Pro is specifically designed for small-to-mid-size businesses to maximize their bandwidth while increasing Internet access speed.

"Cachelink Pro is a critical component to improving the efficiency of small-to-mid-size company business practices," said Dan Dempsey, president, Marketlink. "Marketlink strives to partner with leading manufacturers of products that are key to improving business productivity. Mangosoft and Cachelink Pro will enable our resellers to tap into the emerging growth of the caching market and provide companies with a solid approach to improving their Internet experience to maximize productivity and ROI."

"We are building a comprehensive distribution program for solution providers targeted to small-to-mid-size businesses looking to reap the most cost-effective and efficient benefits that accelerated Internet access can provide to companies," said Peter Caparso, vice president of sales and business development, Mangosoft. "By leveraging the solid relationships Marketlink has established in the VAR channel, Mangosoft will be able to bring the benefits of Cachelink to the broadest possible audience."

About About Marketlink

Marketlink is the premier outsource sales and marketing organization for the computer channel. The company links computer industry manufacturers with the appropriate marketing channels to enable companies to get products out to customers quickly and efficiently. Marketlink is a national channel development organization, with fifty technical sales professionals building sales channels for computer technology manufacturers.

About Mangosoft, Inc.

Mangosoft, Inc. (OTC: BB: MGOF) creates software and services that make the Internet a better place for business. Through its Mangomind® Internet File Server for Business, Mangosoft allows its customers to connect easily and securely with remote colleagues, clients, and partners around the world, enabling them to make smarter and faster business decisions. Encryption technology is provided by RSA Security (NASDAQ: RSAS). FileTRUST^SM, acquired from FleetFinancial, provides secure, online file storage services. Mangosoft's Cachelink® Web caching software maximizes a company's existing resources, making the Internet work faster and more efficiently. Mangosoft sells its products directly to customers as well as through a network of value-added resellers and systems integrators. The Mangosoft Web site is http://www.mangosoft.com.

The matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based on a number of factors, including, but not limited to, risks in product and technology development, market acceptance of new products, product demand, the impact of competitive products and pricing, changing economic conditions and other risk factors detailed in Mangosoft's most recent annual report and other filings with the Securities and Exchange Commission. Prices for Mangosoft products and services are subject to change - check the pricing page on Mangosoft's web site for current pricing.

fileTRUST and The Business Internet File Service are servicemarks, Mangomind and Cachelink are registered trademarks, and Mangosoft is a trademark of Mangosoft, Inc.