Redasoft, Timberlake Consultants Sign Distribution Agreement for Visual Cloning Software in the UK, Italy, Spain, Portugal, and Brazil.

Redasoft, Timberlake Consultants Sign Distribution Agreement for Visual Cloning Software in the UK, Italy, Spain, Portugal, and Brazil.

Toronto, ON - October 16, 2002 - Redasoft, a global provider of drug discovery productivity enhancement software for the life science research community and Timberlake Consultants, a leading distributor and provider of technical software and support, today announced an agreement for the exclusive distribution of Redasofts desktop software product, Visual Cloning, for the UK, Italian, Spanish, Portuguese, and Brazilian markets.

"The United Kingdom biotechnology market is among the largest in the world and is the leader in Europe. The U.K. has over 300 specialist biotechnology companies who employ more than 18,400 people. A further 450 companies are involved in broader bioscience-related activities. In 2000, British specialist biotechnology companies had revenues of roughly $2.85 billion (1.3 billion) and a research and development (R&D) expenditure of $1.46 billion (665 million)," said Danny Reda, Redasofts President and Chief Executive Officer. "The Italian, Spanish, Portuguese and Brazilian markets are also rapidly emerging and we are pleased to have Timberlake Consultants as our representatives in these important geographic areas."

Redasoft Visual Cloning is an industry leading software suite that 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 Timberlake Consultants
For the past 20 years Timberlake Consultants have helped clients gain a competitive advantage by exploiting the links between statistical, econometric, operational research and mathematical modeling and advances in technology and software. To best support their clients they distribute and provide technical support for third-party quality software, provide consulting and regular training courses (public attendance and internet) and seminars. Timberlake Consultants offices and agencies are located in London (UK - Head Office), Union-NJ (USA), Arezzo (Italy), Lisbon (Portugal), Seville (Spain) and Rio de Janeiro (Brazil). Additional information about Timberlake Consultants can be found at http://www.timberlake.co.uk.

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.