FOR IMMEDIATE RELEASE

Mangosoft To Hold Investor Coference Call

10/19/2000 Business Wire

Westborough, MA - March 23, 2001: Mangosoft Inc. (NASDAQ BB: MGOF), developers of Internet-enabling business software and services, announced today that management will hold a conference call on Thursday, March 29, 2001 at 11:00 am EST to discuss the Company's recent progress and its goals for fiscal 2001.

To listen to the call by telephone dial 212-346-0100, and to listen to the call over the Internet, access the web page http://www.syoni.com/altavista/index.cfm. A replay will be available for 72 hours after the call by dialing 1-800-633-8284 and entering the reservation number 18390219. An Internet replay will also be available at the above link until April 29, 2001.

On the call, management will provide a thorough update of its recent achievements and goals for fiscal 2001. Specific topics will include the following:

• Business progress for (R) Pro Web caching software and Mangomind, The Business Internet File Service
• Strategic marketing update
• Presentations at the George Gilder Storewidth 2001 Conference from April 10-12, 2001 and the Peer-to-Peer Networking Conference April 23 - 24, 2001

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.