RecycleNet Corporation Launches Waste.net
Internet Network Reduces Waste to Landfills, Connects Regional Waste Exchanges

SALT LAKE CITY, UTAH, April 19, 2004 — In advance of Earth Day 2004, RecycleNet Corporation (OTC-BB: GARM) is launching Waste.net (www.waste.net), an umbrella that networks regional waste exchanges.

Waste.net, a FREE buy/sell/trade exchange, was established to assist everyone in his or her waste minimization efforts. Commercial and industrial waste generators may post industrial waste or byproducts available on a one time or continual basis. Householders or individual consumers may utilize Waste.Net to find an outlet for used or waste items.

“Waste.net acts as a waste matching service for materials wanted and available,” said Paul Roszel, Chairman and CEO of RecycleNet Corporation. “This service assists local or regional waste authorities and waste districts in their efforts to raise waste consciousness and maximize waste diversion.”

The Company said its goal is for Waste.net to foster the establishment of additional local, regional and industry specific waste exchanges, which will reduce the disposal of waste entering landfills and preserve valuable resources. Good stewardship can be achieved through the use of the Waste.Net system resulting in the management of waste in a manner that is environmentally responsible, efficient, profitable, and ethical.

RecycleNet acquired the waste.net website via RecycleNet’s Oldwebsites.com strategy of purchasing and retooling existing web portals. OldWebSites.com (www.oldwebsites.com) is a new service allowing owners of websites to easily list and sell their sites directly to RecycleNet. The Company said the acquisition and reuse of Waste.net is an example of the market opportunity available for buying and recycling websites.

About RecycleNet:
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; but operates information and trading exchange services. For more information about the Company visit the corporate website at www.recyclenet.com.

For further information contact:

Paul Roszel
RecycleNet Corporation

Tel. (801) 531-0404

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