Redasoft, Abacus Software Sign Distribution Agreement for Visual Cloning Software in India.

Redasoft, Abacus Software Sign Distribution Agreement for Visual Cloning Software in India.

Toronto, ON - September 3, 2002 - Redasoft, a global provider of drug discovery productivity enhancement software for the life science research community and Abacus Software, a leading distributor and developer of technical software, today announced an agreement for the non-exclusive distribution of Redasofts desktop software product, Visual Cloning, for the Indian market.

"We are delighted to have formed this partnership with Abacus Software. The biotechnology market in India is over $3.7 billion in size, is comprised of approximately 800 different companies, and is rapidly expanding," said Danny Reda, Redasofts President and Chief Executive Officer. "The importance of the Indian biotechnology market is poised to grow substantially and Abacus Software will help play a key role in positioning Redasoft as a market leader."

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 Abacus Software
Abacus Software is a leading Indian distributor and developer of technical software. Abacus has established an impressive history of importing and distributing software packages since its founding in 1997. Abacus has offices in Bangalore and Madras to support its operations. Additional information about Abacus Software can be obtained by contacting George Vergese at georgver@vsnl.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.

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