RecycleNet Celebrates 10th Anniversary

SALT LAKE CITY, UTAH, April 27, 2005. RecycleNet Corporation celebrates its 10th anniversary on May 1st 2005. Over the past 10 years, RecycleNet has become the industry leader operating a secondary commodity exchange (www.recycle.net).

RecycleNet operates a hybrid exchange that utilizes many elements that are also present in formal exchange systems such as the London Metals Exchange, the NASDAQ stock exchange as well as other commodity or livestock exchanges. The strategies employed by RecycleNet are similar to those used by emerging ECN’s (Electronic Communication Networks) such as Archipelago. Unlike eBay that has developed a marketplace to trade consumer goods in an auction model, RecycleNet is primarily focused on commercial and industrial goods exchanged in a buy/sell/trade and bid/ask order matching system.

RecycleNet’s secondary commodities exchange generates over USD $200 million daily in new listings for scrap and used goods. With over 2.5 million unique users per month from over 150 countries worldwide, the secondary commodities exchange has achieved unrivaled acceptance and market liquidity.

Over the last year there has been an amplified interest and a dramatic increase in activity throughout the recycling industry, expanding RecycleNet’s opportunities for mergers, acquisitions, joint ventures, and strategic alliances. These strategic partnerships create a value proposition for geographic expansion and commodity specific ventures propelling the recycling industry to a new magnitude.

RecycleNet’s dominant market position provides a unique edge and opportunity for strategic relationships with key industry organizations.

RecycleNet’s services assist anyone in managing industrial, commercial or institutional waste diversion and asset disposal. If it’s scrap or used, it’s www.recycle.net.

In other news, RecycleNet Corporation will hold its Annual Meeting of Shareholders at 30 Duke Street West, Kitchener, Ontario on Friday May 13, 2005, commencing at 10 o’clock am, EST.

For further information contact:

Paul Roszel
RecycleNet Corporation

Tel. (801) 531-0404

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