FOR IMMEDIATE RELEASE

Mangosoft Launches Mangomind 3.0 Business Internet File Service

New version extends online workgroup collaboration to database applications; enhances file access and user privacy controls.

San Jose, CA - February 19, 2002: Mangosoft Inc. (OTC: BB: MGOF), a developer of Internet enabling business software solutions, announced today at the RSA Conference 2002, in San Jose, CA, that it has launched version 3.0 of its Mangomind Business Internet File Service. In addition to support for Microsoft Office documents, Mangomind 3.0 allows online workgroup collaboration on Windows database applications, such as financial services, contact management, calendars, appointment scheduling, and project management software packages

The Mangomind service creates a secure virtual office where geographically dispersed workgroups can access information, from anywhere at anytime, and collaborate privately with remote team members.

"Mangomind 3.0 and the ability to share database applications provides a tremendous productivity boost to our sales process," said Greg Baber, CTO of the Newtown, PA-based Index Pricing Group. "Our sales team uses ACT! (R) as our customer contact database and we typically synchronize updates to the database from our internal and external sales people on a weekly basis. By working on the ACT database online on our Mangomind 3.0 drive, our internal sales people in Houston, as well as individuals in our corporate headquarters, can now work together on the database in real time and always have access to the most up to date customer information and sales commentary. As a result, we can improve support to both our customers and external sales team."

Baber continued: "Moving forward, we hope to expand our use of Mangomind to other database applications, like QuickBooks (R) , for working on financial information."

In addition to multi-user online database collaboration, new features in Mangomind 3.0 include:

Improved file synchronization - Mangomind 3.0 provides offline file access control to ensure that workgroup members always have access to the most up-to-date files.

Enhanced User Privacy - Mangomind 3.0 allows user identities to remain confidential. Combined with folder and file access permissions, this feature enables users to set up multiple discrete workgroups on a single drive.

General Service Improvements - Mangomind 3.0 also includes a number of user interface, interoperability, and performance improvements.

"Because Mangomind now supports the most popular Windows business database packages in addition to standard Microsoft Office applications, we can easily integrate Mangomind into almost any office environment," said Doug Edwards, Mangosoft's Vice President of Sales.

Mangomind uses RSA Security"s BSAFE (R) 128-bit encryption technology to create a client-to-client secure channel offering remote document access, multi-user file sharing, online file storage, offline access to files, and secure messaging. Mangomind"s end-to-end encryption secures files both in transit over the Internet and in storage on our servers - only authenticated users hold the keys to decrypt their files. All of these technologies are seamlessly integrated with Microsoft Windows, delivering the ultimate in ease of use. Mangomind supports all Windows platforms.

Mangomind Pricing

Mangomind Workgroup MSRP (manufacturers suggested retail price) is $29.95 for a single drive for up to 5 users with 50 MB of managed, online storage. Pricing for the Mangomind Enterprise hosted service and licensed software is available upon request.

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.