RecycleNet Unveils Scrap Price System
Online Portal Celebrates 9th Anniversary With Next Development Phase

LAS VEGAS, NEVADA, April 26, 2004 -- While attending the Institute of Scrap Recycling Industries (ISRI) annual convention, Paul Roszel, Chairman and CEO of RecycleNet Corporation (OTC: GARM), today announced a new initiative to celebrate the Company’s ninth Anniversary.

RecycleNet said it has been tracking market prices in more than 2,000 grades of material and hundreds of thousands of transactions posted on its online exchange since its inception nine years ago. Today, the Company unveiled new infrastructure that:

• Better assists recyclers in sourcing materials

• Provides direct access to buyers

• Creates a fair and current market pricing system

“The transparent buying prices and plus/minus averages have been combined into a real-time scrap index system, which today is published on over 15 online market portals such as Recycler’s World (www.recycle.net), Global Recycling Network (www.grn.com) and The Canadian RecycleXchange (www.recyclexchange.com),” said Paul Roszel, Chairman and CEO of RecycleNet Corporation. “This scrap index system has the potential to revolutionize the scrap industry by improving the cost and efficiency of each transaction.”

The Company says it will initiate a multi-focused promotional program over the next several quarters to encourage the adoption and mass usage of the scrap index system by recyclers, generators, traders and the media. RecycleNet said the scrap index system is the natural progression of the buy/sell/trade exchange and the proprietary bid/ask order matching system developed by the Company.

The scrap index system enhances RecycleNet’s buy/sell/trade exchange, allowing every purchasing agent at every factory who has scrap, waste or by-product to sell any quantity of material. The system continues to facilitate the international trade of recyclable commodities between North America and countries such as China and other Asian markets. The Company said it has seen a measured increase in client demand for its services due to the upwards trend in worldwide scrap trade.

“We survived the Internet bubble due to a sound business model, good corporate governance, an expansive user base and an extraordinary team of people,” said Roszel. “Going forward we expect these qualities to take us to the next level, creating extraordinary opportunities for our customers and the industry along with increased shareholder value for our investors.”

On May 1, 1995 Recycler’s World (www.recycle.net) was established online as an exchange for recyclable commodities. Since that time the RecycleNet Network of trading sites has grown to serve more than 1.8 million unique visitors each month with users in over 150 countries worldwide. Total pages viewed within the network have surpassed 215 million.

For further information contact:

Paul Roszel
RecycleNet Corporation

Tel. (801) 531-0404

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