FOR IMMEDIATE RELEASE

Mangosoft Signs Management Consulting Firm as Mangomind Customer

Mangomind creates a secure, virtual office environment and improves document distribution, process workflow, and collaboration for mobile employees

Westborough, MA - October 11, 2001: Mangosoft Inc. (OTC: BB: MGOF), a Westborough, MA developer of Internet enabling software solutions, announced today it has signed The Strategics Group, a West Coast-based management consulting firm, as a customer for its Mangomind Business Internet File Service^SM.

Due to the mobility requirements of their employees, the need for secure communication and efficient project management, consultant organizations have embraced the Mangomind Business Internet File Service. Mangomind is the secure way to allow their mobile consultants to efficiently communicate and collaborate on internal and external client project documents.

The Strategics Group uses Mangomind to share folders and document files, which serve as the firm's knowledge base of information, with the firm's consultants and clients.

"We find Mangomind to be a simple and effective technology that saves us both time and money," said Prem Sundaram, Consulting Partner of The Strategics Group. "As part of our virtual office collaborative environment, we use Mangomind to effectively give us a shared managed workspace without the physical IT infrastructure that is normally needed. Mangomind provides the focal point for our collaborative work and allows us to be more productive during the day."

The Strategics Group finds Mangomind to be a more efficient tool for collaboration as opposed to simply attaching documents to an email and distributing to multiple recipients.

Sundaram added: "Before, we were just sending emails to each other with documents attached and managing our files individually. Saving email attachments from colleagues, and locating them in different places on our own machines, doesn't make for efficient work flow or coordination."

The Strategics Group believes that the administrative time savings of storing files in a shared, central location; the ability for multiple people to edit a single version of a file; and reduction in email clutter has improved their internal productivity and workflow processes.

"The improvement probably amounts to about half an hour per day per person - which is at least 5% of our time, not to mention future savings from improved group file management and the time we will save in spending less time looking for the right information - which for a consulting firm like ours is very valuable," Sundaram concluded.

The Mangomind Internet file service provides remote file access; secure real-time file sharing between multiple users; secure online file storage; secure messaging and offline access to documents. Mangomind provides the security required for transmission and storage of confidential information using state-of-the-art 128-bit encryption on files during transmission as well as while stored on the Mangomind server. Mangomind also provides user authentication plus Windows NT-type permissions and access restrictions on files and folders.

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.