Redasoft, LightStone Sign Distribution Agreement for Visual Cloning Software in Japan.

Redasoft, LightStone Sign Distribution Agreement for Visual Cloning Software in Japan.

Redasoft, LightStone Sign Distribution Agreement for Visual Cloning Software in Japan.

Toronto, ON - December 18, 2002 - Redasoft, a global provider of drug discovery productivity enhancement software for the life science research community and LightStone, a leading reseller of scientific and engineering software, today announced an agreement for the non-exclusive distribution of Redasofts desktop software product, Visual Cloning, for the Japanese market.

"The Japanese biotechnology industry is significant in size and is poised to grow rapidly over the next decade," said Danny Reda, Redasofts President and Chief Executive Officer. "The Japanese government has identified biotechnology as a high priority in its most recent five-year science and technology plan. The government has set goals of developing 1,000 bioventures by the year 2010 by which time the market size is estimated to be over $300 million. We are therefore extremely pleased to partner with LightStone to help localize our software and extend our reach into this important market."

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 LightStone

LightStone Corporation was founded in March of 1995 with a purpose to market, sell, and localize excellent scientific and engineering software in the Japanese market. Their dedicated staff consists mostly of engineering majors, which enables superior technical support and localization abilities. Their top priority is always customer satisfaction. Additional information can be found at http://www.lightstone.co.jp/.

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.