FOR IMMEDIATE RELEASE

Mangosoft Launches Mangomind Internet Document Sharing Service For Legal Professionals

Mangosoft Also Announces the Mangomind Pilot Program; New York Law Firm Proskauer Rose First to Join

New York, NY - January 30, 2001: Mangosoft Inc. (Nasdaq: BB: MGOF), developers of Internet-enabling business software and services, today announced at the LegalTech 2001 show in New York City Mangomind for Legal Services, the first Internet document sharing service that improves secure collaboration among legal professionals, colleagues, and clients. Mangomind provides more efficient collaboration with colleagues and clients outside of their firm and is easy-to-use and intuitive, operating just like a typical Windows PC drive.

Also today, Mangosoft launched its new Mangomind Pilot Program. The program consists of a two-month trial contract with Mangosoft with up to 500 Mangomind user licenses, five gigabytes of storage space and technical support 24 hours a day, seven days a week. New York law firm, Proskauer Rose LLP, Mangosoft's outside counsel, is the first to join the Pilot Program.

"We believe the Mangomind service should provide us with a tremendous advantage for sharing files between members of our firm and our clients," said Arnold Levine, Partner, Proskauer Rose LLP. "Limitations on Email distribution and retention of documents can be frustrating due to the various restrictions on file size and file type that can be imposed at various organizations. Mangomind provides a secure location where files can be easily saved, accessed and shared by all members on the client team. This capability can be effective in many of our practice areas. In particular, Mangomind should enable us to streamline the mergers and acquisitions process by making all information pertaining to the project readily accessible to the entire team, regardless of their geographic location."

The features and functionality inherent in Mangomind solve the problems that have traditionally bottlenecked communications within the legal profession. With Mangomind, legal professionals are be able to:

• Communicate critical information faster: Users simply copy documents to the Mangomind drive and invited users can instantly access the information.
• Collaborate with colleagues more efficiently: Users can edit documents and distribute them to colleagues without the worry of losing track of document versions.
• Improve client relationships and reduce the cost of client communications: Users can save considerable amounts of money on overnight mail, courier charges and faxing high volumes of documents.
• Be more productive while away from the office: Users can work on documents offline and automatically synchronize the information when they connect back to the Internet.
• Eliminate the costs and complexities of virtual private networks: Mangomind for Legal Services provides the benefits and security of a VPN without the overhead and support requirements.

"Today many legal professionals are still struggling with inefficient and slow communications, and it is difficult for them to share information and work collaboratively online using email," said Linda Myers-Tierney, senior vice president and chief marketing officer at Mangosoft. "As we expand our Pilot Program to include hundreds of other law firms like Proskauer Rose, Mangomind will improve productivity in these law firms, enabling lawyers and their staff to spend more time on cases and client relations."

About Mangomind

The Mangomind service looks and feels just like a user's local drive and is completely integrated into Windows. Any registered users on a drive can simultaneously access and share files. 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. Securing data is critical and Mangomind adheres to the industry standard of 128-bit encryption.

Price and Availability

Mangomind for Legal Services is available now. 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 storage space is also available. The entry fee for the 2-month Mangomind Pilot Program is $10,000, and includes 500 seats, 5 gigabytes of managed storage, and 24 x 7 support. A Mangomind Starter Kit is available for 15 days, which includes 5 seats and 50 MB of managed storage.

Platform Support

Mangomind works with new or existing networks of Windows 95, Windows 98, Windows NT and Windows 2000, and Windows ME computers.

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.