RecycleNet's 2000 revenues Up 250%

April 25, 2001

Richard R. Ivanovick, CA, the Chief Financial Officer of RecycleNet Corporation (OTC GARM) is pleased to announce the year end results for fiscal 2000.

RecycleNet's sales revenues of just over 2 million USD have increased over 250% for the year ended December 31, 2000 as compared to the same period in 1999. Four consecutive profitable quarters throughout 2000 have resulted in earnings of $ 73,000 USD compared to an operating loss in 1999.

Paul Roszel, Chairman & founder of RecycleNet believes that the Company has distinguished itself among an elite group of companies that have developed a business model that derives a profit from the Internet. Looking forward, RecycleNet is well positioned to execute its strategy of getting it right, getting it profitable and then getting it big.

Reaching a new milestone, total page views have exceeded 33 million on Recycler's World (www.recycle.net), RecycleNet's anchor web site. Continued growth of the portal exchanges euro.recycle.net and asia.recycle.net have reinforced RecycleNet's worldwide market predominance.

RecycleNet Corporation is a world leader in turnkey b2b software distribution through the Rhodium WebWeaver Turnkey E-Commerce System. RecycleNet Corporation continues to pursue its aggressive plans of merger, acquisition, joint ventures, strategic alliance and rapid internal organic growth.

For further information contact:

Tom Hattle
RecycleNet Corporation

Tel. (519) 767-2913

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