<B>Hi-Rise Recycling Receives Loan from GE Unit</B>

Hi-Rise Recycling Systems, Inc. entered into an agreement with General Electric Capital's Commercial Equipment Financing Unit and other lenders providing for a new $5.5 million loan under its existing credit facility.

The new loan facility will be provided through February 15, 2001. Pursuant to the agreement, the lenders agreed to forbear with respect to the existing defaults under the credit facility until that date. The $5.5 million loan and the forbearance agreement will provide High Rise additional liquidity while the new senior management team implements new operating policies.