FOR IMMEDIATE RELEASE

Tony Coelho Joins Mangosoft Board Of Directors

Former U.S. Representative Will Guide Company's Growth

Westborough, MA - December 14, 2000: Mangosoft, Inc. (Nasdaq: BB: MGOF), developers of Internet business software and services, today announced the addition of Tony Coelho to its eight member Board of Directors.

Coelho joins Mangosoft following a long and distinguished career in public service. Most notably, Coelho was the author of the Americans with Disabilities Act. He was first elected to the U.S. House of Representatives in 1978 and ascended the House leadership ranks steadily, serving as the first-ever elected Majority Whip from 1987 to 1989, until his retirement from the Congress in 1989. He has served as the Chairman of the President's Committee on Employment of People with Disabilities since his appointment by President Clinton in 1994.

He was appointed as Vice Chair of the National Task Force on Employment of Adults with Disabilities in 1998 and he currently serves on the boards of the Epilepsy Foundation of America, the National Organization on Disability, the National Rehabilitation Hospital and VSA (formerly Very Special Arts). Most recently, Coelho served as Vice President Al Gore's original campaign manager.

"We are honored to have such a prestigious public advocate on our board of directors to guide and shape business decisions at Mangosoft," said Dale Vincent, president and CEO of Mangosoft. "Tony has been the driving force behind powerful legislature that has helped shape our great nation. His extensive guidance and experience will be instrumental as we continue to grow our business and expand into new markets."

"America's companies are experiencing record growth in these exciting times," said Coelho. "Creating products designed to foster that growth, Mangosoft is right on the cutting edge and I am thrilled to be a part of this monumental change."

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.