July 7, 2006

RecycleNet Corporation, Salt Lake City Utah (OTC GARM) is pleased to report the successful acquisition of 7 waste exchanges in the second quarter of 2006.

The Business Material Exchange of Wisconsin (www.BMEx.org), established by the Greater Beloit Chamber of Commerce in Beloit Wisconsin provides a statewide waste exchange service. In addition to the statewide service, the Chamber of Commerce also operated the Beloit Material Exchange to serve the local Beloit area. RecycleNet Corporation has acquired both the Business Material Exchange of Wisconsin and the Beloit Material Exchange. RecycleNet looks forward to continuing cooperation with the Chamber of Commerce and other organizations throughout Wisconsin to maximize waste diversion efforts. BMEx.org becomes a strategic part of the Waste.net Network, a national waste materials exchange program operated by RecycleNet Corporation.

The acquisition of The EU Commercial Waste Exchange (www.wastechange.com) as well as four other European waste and information exchanges marks RecycleNet Corporation’s commitment to improve its unique qualified user base. The EU Commercial Waste Exchange is the most established of the acquisition having operated since 1998. It will serve as the European hub of RecycleNet’s Regional Waste Exchange Program; the European network currently consists of 29 regional waste diversion exchanges.

About RecycleNet RecycleNet Corporation operates a Secondary Commodities Exchange; its buy/sell/trade listing service went online in 1995. RecycleNet has consistently grown its core user base and serves over 3.8 million unique users each month from 150 countries worldwide. On an average business day there are in excess of $200 million USD in new listings submitted to our exchanges. Current total listings on the exchange exceeds $ 5 Billion USD. In addition to organic growth, RecycleNet Corporation continues to pursue its aggressive plans of merger, acquisition, joint ventures, and strategic alliance.

RecycleNet Corporation

Paul Roszel

Telephone: (801) 531-0404

Email: info@recyclenet.com

www.recyclenet.com

2005 News Releases
2004 News Releases
2003 News Releases
2002 News Releases
2001 News Releases
2000 News Releases
1999 News Releases