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RECYCLENET SECURES DISTRIBUTION RIGHTS FOR RHODIUM WEBWEAVER

December 16, 1999

Michael Prydz, President & CEO of RecycleNet Corporation (OTC Pink Sheets:GARM), announced today that RecycleNet has secured distribution rights for the Rhodium WebWeaver.

Rhodium WebWeaver is a "killer application" for the creation, operation and maintenance of dynamic turnkey business to business (b 2 b) and business to consumer e-commerce websites.

Rhodium WebWeaver revolutionizes On-Line Buy/Sell/Trade exchange systems with its unique turnkey implementation. This allows anyone to rapidly create a fully integrated e-commerce marketplace.

The Rhodium WebWeaver has an unprecedented implementation system, allowing anyone having no Internet presence to set up a fully functional, dynamic e-commerce system, typically within 5 business days.

RecycleNet Corporation utilizes Rhodium WebWeaver as the Engine that powers their website Recycler's World (www.recycle.net).

RecycleNet recently filed their Form 10 to become a reporting company with the SEC. GARM had previously traded on the OTC Bulletin Board, and hopes to be back on in the near future.

For further information contact:

Mikael Prydz RecycleNet Corporation

Tel. (519) 767-2913

1999 News Releases
2000 News Release

 

File No.: 4369

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