RecycleNet Corporation Acquires Industry On-Line Central

SALT LAKE CITY, July 29 /PRNewswire-FirstCall/ — RecycleNet Corporation (BULLETIN BOARD: GARM) the largest on-line secondary commodities exchange, announced today the acquisition of Industry On-line Central (http://www.iolcentral.com/ ).

The acquisition of Industry On-line Central (http://www.iolcentral.com/ ), a waste exchange based in St. Louis, Missouri supports RecycleNet Corporation’s regional waste exchange program.

RecycleNet Corporation’s regional waste exchange program is a FREE waste exchange service for generators of scrap, waste or by-product. Users can list their materials in an effort to facilitate waste diversion and minimize waste going into landfill.

Over the past several months RecycleNet Corporation has launched regional exchanges in Asia, Europe, South America, Mexico, Canada, and in 23 states across America.

The information posted in the regional exchanges feeds into a Global Recycling Network to increase the efficiency of the Global Recycling Exchange. By taking waste from one company and using it as raw material for another, users can turn a negative into a positive through by-product synergy. Regional exchanges help to extend landfill life by reducing material that would otherwise be sent to landfills. This will also help to conserve valuable resources for future generations.

About RecycleNet

RecycleNet operates the largest Online Secondary Commodities Exchange. Founded in 1995, RecycleNet created a powerful platform to facilitate the international trade of secondary commodities. RecycleNet Corporation enables trade on a local, national and international basis with customized sites locating markets around the world in many different commodities. On any given day, there are in excess of $200 million in new items listed within our exchanges.

RecycleNet Corporation

CONTACT: Paul Roszel of RecycleNet Corporation, +1-801-531-0404

Web site: http://www.iolcentral.com/