RecycleNet Launches LIFTchange.com

January 29, 2003

Paul Roszel, Chairman & CEO of RecycleNet Corporation (OTC GARM) is pleased to announce the launch of LIFTchange.com (www.liftchange.com).

LIFTchange.com (www.liftchange.com) is an Internet marketplace focused on the exchange of used forklift trucks across North America. LIFTchange.com (www.liftchange.com) utilizes the Rhodium WebWeaver turn-key e-commerce system. RecycleNet Corporation markets and distributes the Rhodium WebWeaver turn-key e-commerce platform, a dynamic application that specializes in the delivery of e-commerce portals. The Rhodium WebWeaver Turnkey e-commerce System allows anyone anywhere to launch a fully functional online exchange, typically within 5 business days. The Rhodium WebWeaver provides unprecedented speed to market in the implementation of business to business (b2b) and business to consumer (b2c) marketplaces.

The launch of LIFTchange.com (www.liftchange.com) 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 completed the buyback of 5 million class N shares. The share buyback will reduce the total outstanding shares on a fully diluted basis from 139 million to 134 million shares.

RecycleNet Corporation 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.

RecycleNet Corporation is continuing to expand to meet the needs of its clients, and provides Global Access to Recycling Markets (GARM).

For further information contact:

Paul Roszel
RecycleNet Corporation

Tel. (519) 767.2913

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