RecycleNet to Recycle Websites
Online Recycling Marketplace Launches Oldwebsites.com
to Purchase Waste & Recycling Websites
SALT
LAKE CITY, UTAH, February 17, 2004 — RecycleNet Corporation
(OTC-BB: GARM) today announced the official launch of OldWebSites.com
(www.oldwebsites.com), a new service allowing owners of
recycling and waste websites to easily list and sell their
sites directly to RecycleNet.
RecycleNet
(www.recycle.net), which operates the leading online trading
platform for recyclable industrial materials, said it is
actively seeking mergers, acquisitions, strategic alliances,
joint ventures and other relationships. As part of this
strategy, RecycleNet is interested in using Oldwebsites.com
to find and purchase recycle and waste-related domain names,
especially those with existing web presences.
The
Company aims to expand its network of online portals and
help unify the market for buying and selling of recyclable
materials on the web. RecycleNet has already purchased several
websites using the strategy implemented by Oldwebsites.com,
including www.recyclexchange.com, GRN.com and www.palletbuyersguide.com.
"We
are essentially recycling websites by purchasing existing
sites and integrating them into the RecycleNet portal,”
said Paul Roszel, Chairman and CEO of RecycleNet Corporation.
“The online market for recyclable materials is growing
at a substantial rate due to increasing global demand. Currently
this market is fractured across many different websites
and trading platforms."
“As
regulations, economic need and consumer consciousness expand
the global market for recyclable materials, our goal is
to unify this market under the RecycleNet banner and create
a more efficient and transparent market for buyers and sellers."
RecycleNet
operates a 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 recently
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 website visitors per month from over
150 countries worldwide.
About
RecycleNet:
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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