2004 Internet Traffic Is 83 Million Page Views

SALT LAKE CITY, UTAH, February 1, 2005 — RecycleNet Corporation (OTC-BB: GARM) today announced a substantial increase in online network traffic during 2004. Traffic on the RecycleNet Network increased 24.91% in 2004 to 83 million page views.

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.

On May 1, 2005, RecycleNet will celebrate 10 years online. RecycleNet Corporation has distinguished itself among an elite group of companies that have developed a business model that derives a profit from the Internet. Looking forward, RecycleNet is well positioned to execute its strategy of getting it right, getting it profitable and then getting it big.

In January 2005, RecycleNet has adopted a new approach to derive increased revenue from its user base. As a result of this new business strategy, RecycleNet has completed the divesting of its holdings in Andela Products Ltd. and will no longer be responsible for the marketing of glass recycling equipment via www.andelaproducts.com.

RecycleNet Corporation continues to pursue its aggressive plans of merger, acquisition, joint ventures, and strategic alliance.

For further information contact:

Paul Roszel
RecycleNet Corporation

Tel. (801) 531-0404

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