FOR IMMEDIATE RELEASE

Mangosoft Presents Novel Approach To Peer-To-Peer At Intel Developer Forum Spring 2001

Chief Technology Officer Touts Benefits of Hybrid P2P Architecture In Mangosoft's Mangomind Internet File Sharing Service for Enterprise Collaboration

San Jose, CA - March 1, 2001: Mangosoft, Inc. (Nasdaq: BB: MGOF) Vice President and Chief Technology Officer Scott Davis announced how the company successfully applied its peer-to-peer (P2P) technology to a powerful enterprise solution for Internet file sharing and business collaboration at the Intel Developer Forum, held in San Jose, Calif., February 27 - March 1. The Intel Developer Forum is a premier event for hardware and software developers seeking vital technology insight for delivering competitive advantages in Internet-based products and services. Mangosoft is a leading developer of Internet-enabling business software and services.

During the IDF Usage Model panel highlighting successful peer-to-peer enterprise offerings, Davis described the unique hybrid architecture of the Mangomind service as a blend of a secure, peer-to-peer usage model and distributed caching optimizations with the manageability and reliability of client/server networking. This powerful combination enables an Internet file-sharing service with the integrity and high availability required by an enterprise application.

"Mangomind is a new business-oriented file-sharing service, allowing individual users to collaborate over the Internet across organizational boundaries in a safe and secure manner," said Davis. "The user experience, made possible by Mangosoft's unique hybrid peer-to-peer implementation, makes it easy for colleagues to share information through what looks like an ordinary LAN-shared drive, coupled with ‘bet your business' security and robust, enterprise-level service availability."

Mangomind improves business collaboration between customers, partners and colleagues. The service is ideal for project teams comprised of geographically dispersed workgroups that have a demanding project cycle and require intense collaboration to successfully complete the project. With Mangomind, team members can easily access the most recent project information from contributors anywhere in the world. The Windows software is easy to use and requires no additional end user training, while business level security (128-bit encryption) eliminates the need for expensive, complex virtual private networks (VPN).

Mangosoft joined Intel's Peer-to-Peer Working Group in August 2000 along with IBM, Hewlett-Packard, Groove Networks and others. The group is focused on developing standards and protocols for peer-to-peer computing.

Prior to joining Mangosoft, Davis was technical director at Digital Equipment Corporation where he launched innovative Windows NT and VMS clustering technology. Mangosoft currently holds five patents relating to distributed computing and clustering technologies, with six additional patents pending.

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.