RecycleNet Corporation acquires metalworld.com, inc.

July 17, 2000

Paul Roszel, Chairman of RecycleNet Corporation (OTC: GARM) is pleased to announce the acquisition of metalworld.com, inc. The acquisition of metalworld.com, inc. places RecycleNet Corporation in a position to expand its profitable business model. This gives RecycleNet Corporation vertical integration of its b2b marketplace, Internet portal, and online exchanges into the metal market supply chain.

metalworld.com, inc. operates MetalWorld (www.metalworld.com) an Internet portal focused on the worldwide metal industry and covers the entire spectrum of metal related products and services.

The acquisition of metalworld.com, inc. reinforces RecycleNet Corporation's strategic position to pursue its aggressive plans of merger, acquisition, strategic alliance, joint ventures and rapid internal organic growth.

In other news, RecycleNet Corporation has announced the launch of plane.recycle.net this morning. plane.recycle.net is an online exchange promoting the trade of used aircraft and aviation equipment. The establishment of plane.recycle.net compliments the successful launch of boat.recycle.net earlier this month.

RecycleNet Corporation has also reached a new traffic milestone: Visitors to Recycler's World (www.recycle.net) have viewed over 24 million pages!

For further information contact:

Tom Hattle
RecycleNet Corporation

Tel. (519) 767-2917

1999 News Releases
2000 News Release