RecycleNet Achieves Milestone of 30 Million!

January 30, 2001

RecycleNet Corporation (OTC GARM) is pleased to announce the achievement of a new milestone reached by the Recycler's World web site. (www.recycle.net). Visitors to the Recycler's World web site have viewed over 30 million web pages.

In addition to this remarkable milestone achieved by Recycler's World, RecycleNet's European Portal, (euro.recycle.net) is growing briskly, reinforcing RecycleNet's position as a predominant b 2 b exchange in the European Marketplace.

RecycleNet's MetalWorld division (www.metalworld.com) has expanded on two fronts. MetalWorld has officially launched brassmetals.com (www.brassmetals.com) , an e-commerce portal directed at the trade of brass, bronze and copper products throughout the entire spectrum of the red metals supply chain.

Secondly, MetalWorld has established MetalWorld's Online Metals Service Center. This service allows anyone to purchase custom sized metal sheet, tube or shapes online with a credit card and have direct delivery of their order across North America.

While many Internet ventures in the b 2 b sector are experiencing spending cutbacks and staff layoffs, RecycleNet is poised for continuous expansion. RecycleNet's vigorous growth as well as its profitable business model, reinforces RecycleNet Corporation's position to pursue its aggressive plans of merger, acquisition, strategic alliance and rapid internal organic growth.

For further information contact:

Tom Hattle
RecycleNet Corporation

Tel. (519) 767-2913

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