RecycleNet Launches auto.recycle.net and Hits 14 Million

August 24, 1999

Tom Hattle of RecycleNet Corporation is pleased to announce the launch of auto.recycle.net - the internet's used vehicle marketplace.

auto.recycle.net has kicked-off this week in Guelph Ontario, by listing the inventories of local used car dealers on its web site, with expectations of expanding across North America with a goal of maintaining listings on over half a million used vehicles in the next 24 months.

RecycleNet Corporation operates the web site Recycler's World and is celebrating a new milestone achieved this week, visitors to the Recycler's World web site have viewed over 14 million pages.

With the combination of the overwhelming traffic volume at www.recycle.net and its profitable business model RecycleNet Corporation is well positioned to pursue it's aggressive plans of merger, acquisition, strategic alliance and rapid internal organic growth.

The launch of auto.recycle.net initiates a strategic step in RecycleNet Corporation's expansion of both it's business-to-business and consumer based Internet operations.

The establishment of auto.recycle.net reinforces RecycleNet's "Used Auto Parts Finder Service" one of the internet's most successful & dynamic services which currently handles in excess of 15,000 parts requests each day. RecycleNet Corporation provides the "Used Auto Parts Finder Service" as a free service for anyone searching for used vehicle parts.

RecycleNet Corporation, which originated in Guelph Ontario, successfully completed a reverse take-over in March of 1999 of a US public company and is publicly traded OTC BB: GARM

For further information contact:

Tom Hattle RecycleNet Corporation

Tel. (519) 767-2913

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