RecycleNet Launches Recycling Exchange For Canadian Market
Online Marketplace Facilitates Trading Of Recyclable Materials In Canada

Dec 9, 2003

SALT LAKE CITY, UTAH, Dec. 9 2003 — RecycleNet Corporation (OTC-BB: GARM) today announced the official launch of RecycleXchange.com (www.recyclexchange.com), an online marketplace for the buying and selling recyclable materials in Canada.

RecycleNet (www.recycle.net), which operates the leading online trading platform for recyclable industrial materials, said it acquired the Internet portal RecycleXchange.com in February 2003 and has successfully re-launched the site to serve as Canada's premier recycling marketplace for materials such as glass, metal, rubber, paper, wood, plastic, chemicals, textiles, batteries, along with electronic equipment and consumer items.

Utilizing the same network and platform as the Company’s main portal of www.recycle.net, RecycleXchange.com is organized into categories and grades of each material. Industrial generators of recyclable materials, along with brokers, dealers, processors and consumers, use the site to list materials to buy or sell. In addition, RecycleXchange.com includes directories of industry associations, publications and companies relevant to the Canadian recycling marketplace, along with listings for jobs, freight services and used equipment.

The Company said the launch of RecycleXchange.com reflects RecycleNet's corporate goal of increasing the level and range of services it provides to its Canadian clients. The site is unique among RecycleNet’s network of sites in specifically targeting the Canadian marketplace. Currently, RecycleNet Corporation's network of web sites reports 1.8 million unique web site visitors per month from over 150 countries worldwide.

"This is an excellent opportunity for us to increase our presence in the growing Canadian recycling sector,” said Paul Roszel, Chairman and CEO of RecycleNet Corporation. “The RecycleXchange.com website provides valuable resources to industrial users and clients, creating a centralized information hub for the entire Canadian recyclables market."

Roszel said the launch of RecycleXchange.com illustrates RecycleNet's strategy of pursuing its aggressive growth plan through mergers, acquisitions, strategic alliances, joint ventures and other relationships, while also expanding top-line revenue.

RecycleNet Corporation (OTC-BB: GARM) was founded in 1995 as an online trading system for recyclable materials. The Company has grown its network of trading sites to serve more than 1.8 million unique users per month, including generators, brokers, dealers, processors and consumers of recyclable materials such as glass, metal, rubber, paper, wood and plastic, along with used vehicles and equipment.

RecycleNet does not buy or sell recyclable materials; instead the Company earns fees for use of its trading network and other services. For more information about the company visit the corporate site www.recyclenet.com or Recycler’s World, the hub of its online trading network, at www.recycle.net.

For further information contact:

Paul Roszel
RecycleNet Corporation

Tel. (519) 767.2913

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