FOR IMMEDIATE RELEASE

Mangosoft Inc. Announces Mangomind, the Business Internet File Service

First Multi-User File Sharing Service Provides Highly Secure Realtime File Sharing; Offline File Access; and No User Training

Westborough, MA - October 16, 2000: Mangosoft Inc. (Nasdaq: BB: MGOF), developers of Internet business software and services, today announced Mangomind (Multi-user InterNet Drive), the first and only robust, multi-user Internet file sharing service designed for secure business-to-business communications. The Mangomind service combines the inherent benefits of the Internet with the familiarity of Microsoft (R) to deliver a secure method for multiple users to access, share and store files. Unlike other solutions that provide single-user Internet file storage, Mangomind enables multiple users from any location to access and share files a critically important benefit to businesses given the proliferation of mobile computing, partnering, outsourcing and collaborative commerce. A Mangomind service Starter Kit will be offered free until December 31, 2000.

The Mangomind service looks and works just like a user's local drive and is completely integrated into Windows. No user training is required, as Windows-based applications operate exactly as they do on a local drive. Mangomind provides file access even when the user is disconnected from the Internet. Users work on cached files while offline and Mangomind automatically synchronizes the files once they reconnect. Mangomind eliminates file version proliferation problems typically encountered when distributing files via email and ensures that each user is always connected to the most current version of the document all the time.

Mangomind allows users to set access permissions for files and folders on a Mangomind drive. Each Mangomind service user is authenticated using private key encryption, and all files stored on the Mangomind drive and transmitted over the Internet are protected with 128-bit encryption. Mangomind provides the secure file sharing benefits of a VPN, without the additional hardware and configuration complexity.

"The common characteristic of our patented technologies is improved business productivity through ease-of-use in sharing information," said Dale Vincent, CEO, Mangosoft, Inc. "Mangomind is unique in that it provides secure, universal file access via the Internet, while at the same time providing a familiar Windows interface. The Internet economy is now characterized by partnerships, collaboration, and extremely rapid exchange of information, which gives Mangomind the opportunity to set the standard for Internet file sharing applications."

Mangomind delivers the following benefits to end-users:

Ease-of-use: Mangomind looks and acts just like a local drive. With proper authorization, users can create, delete, modify, copy and save files as they would normally on their local hard drive. There is no additional training necessary.

Security: Mangomind provides 128-bit encryption on transferred and stored files, Windows NT permissions on all drives, folders, and files, and PKI authentication. In addition, Mangomind provides automatic backup and restore functions as well as full-time customer support and service.

Flexibility: When disconnected from the Internet, users can work on their files offline. When they go back online, Mangomind automatically updates and synchronizes their files. With simultaneous multi-user access, Mangomind users can share information transparently and efficiently.

Efficiency: Mangomind file sharing service naturally extends the scope of most Windows-based applications. Local file caching and file compression speeds file transfers and improves service performance.

How Mangomind works: The creator of a Mangomind drive invites users to join the drive and sets access permissions for files and folders. Users then link to the Mangosoft Web page, where they download client software and install it on their PC. Anyone invited to join a Mangomind drive can then access and share the drive. Users working on files while disconnected from the Internet will have their documents automatically synchronized upon reconnecting. If the Mangomind server detects that two users have modified the same file, the file is placed in a "conflict bin" and the user is informed.

"Today's extended enterprise needs the ability to store and share files securely and cost effectively among mobile workers, distributed teams and partners," said Doug Chandler, Program Manager, Storage and Data Management Services, IDC. "Mangosoft's Mangomind Business Internet File System is well positioned to meet this need."

Partners: The Mangomind service is hosted and managed by Tier 1 service providers. High performance, managed storage services are provided by Storage Networks of Waltham, MA: the Mangomind service is hosted by (R) of Waltham, MA, a leading provider of complex Internet hosting for enterprises with mission-critical Internet operations; and state-of-the-art authentication and encryption services are provided by RSA Security, Inc. of Bedford, Massachusetts.

Pricing, Platform Support and Availability: The Mangomind Business Internet File Service is available now from Mangosoft Inc. Mangomind works with new or existing networks of Windows 95, Windows 98, Windows NT and Windows 2000 computers. List price for a single user license starts at $29.95 a seat and includes 10 managed MB of storage space. Discounts are provided based on license volume, contract duration, and payment terms. Additional disk space is also available. A Mangomind Starter Kit is available for free until December 31, 2000, which includes 10 seats and 100 MB of managed storage.

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.