RecycleNet Acquires RecycleXchange.com

February 28, 2003

Paul Roszel, Chairman & CEO of RecycleNet Corporation (OTC GARM) is pleased to announce the acquisition of RecycleXchange (www.recyclexchange.com), an Internet portal focused on waste exchanges and the trade of used materials. The acquisition of RecycleXchange (www.recyclexchange.com) reinforces RecycleNet Corporation's position as a leader in online recycling marketplaces.

RecycleXchange (www.recyclexchange.com) adds to the unique web traffic generated at Recycler's World (www.recycle.net). Currently RecycleNet Corporation's web sites generate over 1.4 million unique web site visitors per month.

In other news, the Company is pleased to announce profitable results for the year ended December 31, 2002. RecycleNet Corporation has managed to continue its trend of forward momentum with its strategy of promoting organic internal growth.

RecycleNet Corporation (OTC:GARM) 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 Corporation is well positioned to execute its strategy of getting it right, getting it profitable and then getting it big.

RecycleNet Corporation continues to pursue its aggressive plans of merger, acquisition, joint ventures, and strategic alliance.

For further information contact:

Paul Roszel
RecycleNet Corporation

Tel. (519) 767.2913

2003 News Releases
2002 News Releases
2001 News Releases
2000 News Releases
1999 News Releases