Paul Roszel, chairman & CEO of RecycleNet Corp. announced the acquisition of RecycleXchange, an Internet portal focused on waste exchanges and the trade of used materials. The acquisition of RecycleXchange reinforces RecycleNet Corporation's position as a leader in online recycling marketplaces.
In other news, the Company is pleased to announce profitable results for the year ended December 31, 2002. RecycleNet Corporation has managed to continue its trend of forward momentum with its strategy of promoting organic internal growth.