RECYCLENET HITS 12 MILLION, LAUNCHES E-COMMERCE ESCROW SERVICE AND CELEBRATES ANNIVERSARY

 May 12, 1999

 Mikael Prydz, CEO of RecycleNet Corporation (Richfield Springs, New York) is pleased to announce the achievement of a new milestone reached by the Recycler’s World web site. (www.recycle.net). As of May 12, 1999, visitors to the Recycler's World web site have viewed over 12 million web pages.

RecycleNet is announcing today, the launch of the on-line E-Commerce Escrow Service. The RecycleNet E-Commerce Escrow Service will initially be made available to users of The Recycler's Exchange system, and will facilitate the financial transactions between buyers and sellers worldwide. The Recycler's Exchange (www.recycle.net/exchange) is a predominant Internet Buy/Sell/Trade listing service, and serves as an "umbrella" marketplace for the trading of secondary commodities, used equipment and used or recyclable materials.

RecycleNet estimates that annual trade in the used and recyclable markets in North America exceeds $300 billion. The RecycleNet E-Commerce Escrow Service will provide RecycleNet with the ability to secure a percentage of the industry’s annual revenue.

RecycleNet Corporation provides "Global Access to Recycling Markets" (GARM) through Recycler’s World, a dynamic Internet portal that facilitates e-commerce trading. Recycler's World celebrated its fourth year on-line, May 1, 1999.

RecycleNet Corporation trades OTC BB: GARM
Recycler's World: www.recycle.net

For further information contact:

Mikael Prydz - CEO
RecycleNet Corporation

Tel. (519) 767-2913

1999 News Releases
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