Redasoft, CODSI Sign Distribution Agreement for Visual Cloning Software in Columbia.

Redasoft, CODSI Sign Distribution Agreement for Visual Cloning Software in Columbia.

Toronto, ON - August 27, 2002 - Redasoft, a global provider of drug discovery productivity enhancement software for the life science research community and CODSI, a leading distributor of informatics solutions, today announced an agreement for the non-exclusive distribution of Redasofts desktop software product, Visual Cloning, for the Columbian market.

"CODSI has established an impressive track record and portfolio of products in the Columbian market. We are pleased to be associated with CODSI as our Columbian representative," said Danny Reda, President and Chief Executive Officer of Redasoft. "It is important to get an early foothold in developing markets and this partnership enables us to establish a strong brand in the Columbian market."

Redasoft Visual Cloning is an industry leading software suite which enables increased efficiency and productivity in drug discovery research. Key features of the software include exceptional graphics, extensive web integration, advanced restriction analysis, open reading frames search, primer design, a sequence viewer, subsequence search, and an intuitive user interface.

About CODSI
CODSI Ltda is a leading Columbian distributor of informatics solutions. CODSI has been in operation since 1988 and has built a strong portfolio of products and solutions. The company has 14 employees and annual sales of over US$250,000. Additional information about CODSI can be found at http://www.codsi.com.

About Redasoft
Based in Toronto, Canada, Redasoft is a global provider of drug discovery productivity enhancement software for the life science research community. Founded in 1997, Redasofts mission is to be an enabling solutions provider of intuitive, easy to use integrating software and services for drug discovery research. Redasoft's software empowers life science researchers to visualize genetic data, analyze biomolecules, and develop experiment strategies to learn more about the fundamental building blocks of life. Additional information about Redasoft can be found at http://www.redasoft.com.

Redasoft and the Redasoft logo are trademarks of Redasoft Corporation. The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

Note to editors: If you are interested in viewing additional information on Redasoft, please visit the Redasoft Web page at http://www.redasoft.com/corporate/ on Redasoft's corporate information pages.

Contact
For further information, contact Evan Carmichael at ecarmichael@redasoft.com.