FOR IMMEDIATE RELEASE

Mangosoft Signs Center For Talent Retention As Mangomind Customer

Provider of employee retention services selects Internet file sharing service to connect remote workers nationwide

Westborough, MA - July 9, 2001: Mangosoft, Inc. (OTC: BB: MGOF), a leading provider of Internet-enabling business software and services, announced today that it has signed Center for Talent Retention (CTR) as a customer for its Mangomind Internet file sharing and online storage service.

CTR is dedicated to helping organizations attract, engage, and retain employee talent. The company employs 20 professionals (employees and contractors) nationwide - most of whom work from home offices - who need to communicate, share and access files from various remote locations. Before installing Mangomind, CTR used e-mail to collaborate on documents and share information, which led to multiple versions of documents circulating and difficulty in tracking the most recent copy. Furthermore, CTR employees could only work on shared documents while online.

"Since implementing the Mangomind service, we have seen increased productivity company wide. Our employees working across the country can now effortlessly collaborate on documents and projects without wasting time trying to track down the latest version of a file," said Kim Egan, chief operating officer for CTR. "After looking at a number of products, we chose Mangomind because it is simply far less cumbersome. It also allows us to work offline - a necessity with professionals that travel frequently."

Mangomind's unique caching capability stores a copy of the file on the local machine, allowing users to work on files offline. Files are automatically synchronized on the Mangomind Drive once the user reconnects to the Internet.

Designed to maximize convenience for the end-user, Mangomind works seamlessly with Windows, requiring no period of adjustment or training for the user. A user can be on the Mangomind service, sharing files with colleagues and clients immediately after downloading the software.

Security for Mangomind is provided by RSA (Nasdaq: RSAS). Files are protected by 128-bit encryption as they are being transferred as well as when they are stored at the hosting facility. Each Mangomind user is authenticated using state-of-the-art private key encryption. Furthermore, Mangomind allows users to define access permissions for users or groups of users on individual drives, files and folders. Permission settings are easily specified using the same familiar Microsoft Windows procedures.

Egan added, "From the beginning, Mangosoft has impressed us with their level of commitment to their customers. They proactively contact us to make sure that we aren't experiencing any troubles with the service. Although we haven't needed to contact them, I would not hesitate to do so with any question or concern."

"We are very pleased with the success CTR is finding with Mangomind. We are committed to making communication, file sharing and remote file access easier, more secure and more cost-efficient for businesses of all sizes," said Dale Vincent, CEO of Mangosoft. "We know what a critical issue security is for all businesses - especially as the number of remote workers continues to grow - and we have designed Mangomind to address these security concerns."

About Center for Talent Retention

Center for Talent Retention, LCC, of Denver, CO is dedicated to helping organizations attract, engage, and retain employee talent. Center for Talent Retention creates engaging experiences to help organizations, business leaders, and managers take action to implement the critical retention actions needed to engage and retain employees. Center for Talent Retention offers innovative Retention Products, Training and Workshops, Performance Assessments, and Consulting Services to help build the capabilities organizations and managers need to keep all employees fully engaged and contributing to the organization's success. Retention Products include the Retention Cards and the Engaging and Retaining Employee Talent: A FAST Action Development Guide. www.keeppeople.com

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.