RecycleNet Reports 43% Increase in Online Network Traffic
Jan
29, 2004
SALT
LAKE CITY, UTAH, Jan. 29, 2004 — RecycleNet Corporation
(OTC-BB: GARM) today announced a substantial increase in
online network traffic during 2003.
RecycleNet
(www.recycle.net) operates the world’s leading online
trading platform for recyclable industrial materials such
as glass, metal, rubber, paper, wood and plastic, along
with used vehicles and equipment. Generators, brokers, dealers,
processors and consumers use RecycleNet’s trading
websites to buy, sell and trade recyclable materials and
used items.
The
Company reported 66.5 million page views over the course
of 2003, a 43% increase over the number of page views in
2002, and 1.8 million unique web site visitors per month
from over 150 countries worldwide. RecycleNet also reported
a total of 188 million page views since the launch of the
network in 1995.
"RecycleNet’s
unique role is to provide global, online access to the growing
market of recyclable materials,” said Paul Roszel,
Chairman and CEO of RecycleNet Corporation. “Our record
network traffic is an indication of the incredible success
we have achieved in this enterprise.
“Moving
forward, we are seeking a capital injection over the next
12-24 months to fuel top-line growth through aggressive
marketing of our portal product and to develop plans to
create the first electronic clearinghouse for secondary
materials. We are also actively pursuing growth through
mergers, acquisitions, strategic alliances, joint ventures
and other relationships.”
RecycleNet
Corporation (OTC-BB: GARM) was founded in 1995 as an online
trading system for recyclable materials. 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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