FOR IMMEDIATE RELEASE

Mangosoft and Hemlock Business Services to Deliver VPN Alternative to Government and Small-To-Medium Size Businesses

Mangosoft Adds Virginia-Based IT Consulting Firm to its Mangomind Business Internet File Service Channel Sales Program

Waltham, MA - October 24, 2001: Mangosoft Inc. (OTC: BB: MGOF), a developer of Internet enabling software solutions, announced today it has signed Hemlock Business Services, LLC (HBS), of Front Royal, VA, to its Mangomind Channel Sales Partner program. HBS delivers customized network design and consulting services to government institutions and small-to-medium size business. HBS will augment its IT solutions with Mangosoft's Mangomind Business Internet File Service and offer it as a VPN alternative and global file sharing workspace to its customers.

"We first used the Mangomind service as a cost effective VPN solution and centralized workspace for our own business," said Ron Mabry, president and chief executive officer of HBS. "As our partners are often traveling or co-located at client sites, we found Mangomind to be an excellent approach for securely storing our project data in a shared workspace where we all could readily access the most up to date information on our projects."

"Mangomind is easy to set-up and use and we quickly realized that it was a natural extension to our customer business solutions," Mabry continued. "Mangomind will allow our customers to achieve global access to their business critical data, collaborate with their colleagues, and store their files safely. Because of Mangomind's end-to-end file encryption security and enterprise reliability, it is a cost effective alternative to a VPN and can be easily implemented without the associated VPN hardware and maintenance costs. It is an ideal solution for our small and medium size business and government customers."

Mangosoft's worldwide Mangomind channel sales program comprises value-added resellers (VARs), Internet Service Providers (ISPs), independent software vendors (ISVs), and other solution providers with proven expertise in deploying Internet- and intranet-based solutions.

"We are very excited to add HBS to our Mangomind solution partners," said Doug Edwards, Mangosoft's vice-president of sales. "HBS' strength in implementing custom IT solutions will enable us to speed penetration into the business-to-business marketplace where workforce mobility is presenting new challenges to network security and accessibility. Mangomind is a perfect fit for their customer base."

The Mangomind Internet File Service is designed for business people who frequently collaborate with remote colleagues, partners, and other workgroups outside the corporate firewall. Mangomind provides remote access to files, secure workgroup file sharing, online file storage, secure messaging, and offline access to files. Mangomind operates with the same look and feel of a familiar Windows drive, is easy to install, and does not require extensive end-user training. Security for Mangomind products is provided by RSA Security (Nasdaq: RSAS) and includes end-to-end 128-bit encryption of transferred and stored files, user authentication, and file access controls.

About Hemlock Business Services, LLC

Hemlock Business Services has provided personalized assistance to the business community and local/regional governments since 1992. Each work plan is tailored to the client's individual needs and HBS provides hands-on assistance in every segment of project work. Regardless of the scope of the project, HBS provides a systemic approach to problem solving that takes into consideration the entire organization and offers recommendations that consider the interactions of each segment of the operation. HBS is based in Front Royal, Virginia with a development lab in Charlottesville, Virginia. They can be reached at http://www.hemlockbusinessservices.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.