Redasoft Launches New Web Site to Help Drive Productivity Improvements in Drug Discovery Research.

Redasoft ResearchNet Seamlessly Connects Redasofts Visual Cloning Software to Online Resources and Procurement.

Toronto, ON - July 30, 2002 - Redasoft today announced the launch of Redasoft ResearchNet, a new Web site created specifically to help improve drug discovery efficiency. The ResearchNet Web site gives life science researchers instant access to databases, tools and suppliers of laboratory research products directly from within Redasoft Visual Cloning. ResearchNet is the first Web site of its kind to be tightly integrated with a desktop software product, and drives productivity by putting essential resources at researchers fingertips. The new site is available at http://www.redasoft.com/rsn.

"Integrating ResearchNets Web site tools and resources within our Visual Cloning software allows for an unprecedented level of drug discovery productivity, enabling a merger between two essential resources that have previously been kept separate and distinct. Our experience with customers has shown us that tight integration between desktop software products and the vast, heterogeneous tools available on the Internet generates exceptional gains in efficiency and productivity," said Danny Reda, Redasofts President and Chief Executive Officer. "The continued development of our ResearchNet Web site and furthering integration with our Visual Cloning software will be crucial elements in our ability to continually provide innovative, value-added solutions to our customers."

ResearchNet contains up-to-date links to genetic databases, proteomics resources, and a library of experiment protocols. ResearchNet will continue to build upon Redasofts industry firsts to further integrate the procurement of supplies and equipment into the research process.

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.

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Contact

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