FOR IMMEDIATE RELEASE

Mangosoft Promotes Doug Edwards To Vice President Of Sales And Professional Services

Sales Veteran to Lead Company's Global Sales Expansion

Westborough, MA - March 27, 2001: Mangosoft Inc. (Nasdaq: BB: MGOF), a leading provider of Internet-enabling business software and services, announced today that Doug Edwards has been promoted to Vice President of Sales and Professional Services.

Edwards joined Mangosoft in February 2000 with more than 15 years of experience in sales and marketing management. He initially led Mangosoft's Internet Operations Group where he negotiated contracts with strategic partners and established a 24x7 technical support call center operation.

In his new role, Edwards will concentrate on developing and expanding Mangosoft's worldwide sales and professional services program for the company's Mangomind Internet File Sharing Service and (R) Web caching software. The expansion will include both direct and channel sales initiatives.

"Expanding our base of customers, partners and resellers internationally is one of our highest priorities this year and Doug will play a critical role in this endeavor," said Dale Vincent, CEO of Mangosoft, Inc. "Doug has a very clear vision and understanding of the tremendous market potential for Mangomind and Cachelink. He has been an invaluable team member over the past year and this promotion was an obvious one for us. Doug's experience in direct and channel sales and marketing coupled with his extensive knowledge of our products, makes him the perfect choice for heading our sales expansion efforts."

Prior to joining Mangosoft, Edwards was the Director of Marketing for the $4 billion Enterprise Business Unit of Bell Atlantic where he headed up an $850 million vertical market organization. He also served as the Director of the $100 million Agent Sales Channel for Bell Atlantic's Large Business Sales. Edwards received his MBA from Northeastern University and his BA in Management from University of Massachusetts.

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.