SECURITIES AND EXCHANGE COMMISSION
                     WASHINGTON, D.C. 20549
                           FORM 10-QSB

[X]      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                  SECURITIES EXCHANGE ACT OF 1934

               FOR THE QUARTERLY PERIOD ENDED: September 30, 2000

                                       OR

[ ]      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                  SECURITIES EXCHANGE ACT OF 1934

FOR THE TRANSITION PERIOD FROM N/A TO __________
                            ---------

                 Commission File Number 1-15497
                     RecycleNet Corporation
      (Exact name of small business issuer in its charter)

                                                             Utah
87-0301924
                (State or other jurisdiction of     (IRS Employer
Identification No.)
               incorporation or organization)



           7 Darren Place, Guelph, ON N1H 6J2, CANADA
  (Address of principal executive offices, including Zip Code)

                          519-767-2913
                (Registrant's telephone number,)

Check whether the issuer (1) filed all reports required to be
filed by Sections 13 or 15(d) of the Exchange Act during the past
12 months (or for such shorter period that the  registrant was
required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.

YES  [X]   NO [ ]

The number of common shares outstanding at September 30, 2000:
39,505,043
The number of class N shares outstanding at September 30, 2000:
66,591,781

<PAGE>


                 PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS


             RECYCLENET CORPORATION AND SUBSIDIARIES

                  INDEX TO FINANCIAL STATEMENTS

                                                                     Page

  Condensed Consolidated Balance Sheets - September 30, 2000 and
  December 31, 1999 (Unaudited)                                       F-2

  Condensed Consolidated Statements of Operations for the Three
  and Nine Months Ended September 30, 2000 and 1999 (Unaudited)       F-3

  Condensed Consolidated Statements of Cash Flows for the Nine
  Months Ended September 30, 2000 and 1999 (Unaudited)                F-4

  Notes to Condensed Consolidated Financial Statements                F-5

                                F-1
<PAGE>


             RECYCLENET CORPORATION AND SUBSIDIARIES
             CONDENSED CONSOLIDATED BALANCE  SHEETS
                           (Unaudited)

                                                   September 30, December 31,
                                                       2000          1999
                                                    -----------  -----------
                             ASSETS
Current Assets
   Cash                                             $   122,322  $    61,167
   Trade accounts receivable, net of $5,617
    and $2,168 allowance for doubtful accounts,
    respectively                                         64,664       30,289
   Note receivable                                       17,500       15,000
                                                    -----------  -----------
      Total Current Assets                              204,486      106,456
                                                    -----------  -----------
Computer Equipment                                       21,372       13,693
   Less accumulated depreciation                         (8,774)      (3,520)
                                                    -----------  -----------
      Net Equipment                                      12,598       10,173
                                                    -----------  -----------
Total Assets                                        $   217,084  $   116,629
                                                    ===========  ===========

              LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
   Trade accounts payable                           $    21,395  $    18,023
   Accrued liabilities                                    6,000        2,650
   Deferred revenue                                      61,106       43,328
                                                    -----------  -----------
      Total Current Liabilities                          88,501       64,001
                                                    -----------  -----------
Stockholders' Equity
   Class N common shares (and Class X shares
    of Amalco) - $0.01 par value; 70,896,789
    shares authorized; 66,591,781 shares and
    68,130,269 shares outstanding, respectively         665,918      681,303
   Common shares - $0.01 par value; 79,103,211
    shares authorized; 39,505,043 shares and
    10,643,947 shares issued and outstanding,
    respectively                                        395,050      106,439
   Additional paid-in capital                           196,745      447,926
   Accumulated deficit                               (1,129,130)  (1,183,040)
                                                    -----------  -----------
      Total Stockholders' Equity                        128,583       52,628
                                                    -----------  -----------
Total Liabilities and Stockholders' Equity          $   217,084  $   116,629
                                                    ===========  ===========

See the accompanying notes to condensed consolidated financial statements.

                                F-2
<PAGE>

             RECYCLENET CORPORATION AND SUBSIDIARIES
             CONSOLIDATED STATEMENTS  OF OPERATIONS
                           (Unaudited)
<TABLE>
<CAPTION>

                                          For the Three Months    For the Nine Months
                                          Ended September 30,      Ended September 30,
                                         ----------------------  ------------------------
                                           2000         1999         2000       1999
                                         ----------  ----------  -----------  -----------
<S>                                     <C>         <C>         <C>          <C>
Sales                                    $  783,475  $  198,826  $ 1,685,814  $  316,280
Cost of Sales                               645,021     157,587    1,291,356     178,595
                                         ----------  ----------  -----------  ----------
Gross Profit                                138,454      41,239      394,458     137,685
                                         ----------  ----------  -----------  ----------
Operating Expenses
 General and administrative expenses        108,333      69,782      342,517     181,201
 Exchange gain                                 (218)          -       (1,969)     (4,628)
 Marketing expense (paid with stock)              -           -            -     116,100
 Professional fees (paid with stock)              -           -            -     423,917
 Merger and acquisition expensed
    (paid with stock)                             -     400,000            -     400,000
                                         ----------  ----------  -----------  ----------
Total Operating Expenses                    108,115     469,782      340,548   1,116,590
                                         ----------  ----------  -----------  ----------
Net Income (Loss)                        $   30,339  $ (428,543) $    53,910  $ (978,905)
                                         ==========  ==========  ===========  ==========
Basic Income (Loss) Per
  Common Share                           $     0.00  $    (0.04) $      0.00  $    (0.05)
                                         ==========  ==========  ===========  ==========
Diluted Income (Loss) Per
  Common Share                           $     0.00  $    (0.04) $      0.00  $    (0.05)
                                         ==========  ==========  ===========  ==========
</TABLE>
See the accompanying notes to condensed consolidated financial statements.

                                F-3
<PAGE>

             RECYCLENET CORPORATION AND SUBSIDIARIES
             CONSOLIDATED STATEMENTS  OF CASH FLOWS
                           (Unaudited)
                                                       For the Nine Months
                                                       Ended September 30,
                                                      ----------------------
                                                         2000       1999
                                                      ----------  ----------
Cash Flows From Operating Activities
 Net income (loss)                                    $   53,910  $ (978,905)
 Adjustments to reconcile net loss to net cash
  used by operating activities:
   Depreciation                                            5,254       2,318
   Marketing expense paid with common stock                    -     116,100
   Common stock issued for services                            -     823,932
   Exchange gain                                          (1,969)     (4,628)
 Changes in assets and liabilities:
   Accounts receivable                                   (34,375)    (24,513)
   Receivable from supplier                               (2,500)    (15,000)
   Accounts payable                                        3,372      (1,239)
   Accrued liabilities                                     3,350           -
   Deferred revenue                                       17,778      10,451
                                                      ----------  ----------
Net Cash Provided by (Used in) Operating Activities       44,820     (71,484)
                                                      ----------  ----------
Cash Flows From Investing Activities
 Purchase of equipment                                    (7,679)     (8,342)
 Cash from acquisition of metalworld.com, Inc.            22,045           -
                                                      ----------  ----------
Net Cash Provided by (Used in) Investing Activities       14,366      (8,342)
                                                      ----------  ----------
Cash Flows From Financing Activities
 Proceeds of issuance of common shares                         -     109,475
                                                      ----------  ----------
Net Cash Provided by Financing Activities                      -     109,475
                                                      ----------  ----------
Effect of Exchange Rate Changes on Cash                    1,969       8,914
                                                      ----------  ----------
Increase (Decrease) in Cash                               61,155      38,563

Cash at Beginning of Period                               61,167      55,257
                                                      ----------  ----------
Cash at End of Period                                 $  122,322  $   93,820
                                                      ==========  ==========

Non Cash Investing and Financing Activities - During March
1999, the Company issued 833,717 common shares as compensation
for services valued at $423,917. Also during March 1999, the
Company issued 386,900 shares to acquire Andela Products
Limited and 7,877,421 shares to acquire Garbalizer Machinery
Corporation.

On July 14, 2000, the Company purchased all of the common stock
of metalworld.com, Inc. by issuing 27,322,608 shares of common
stock. The sole asset of metalworld.com, Inc. was $22,045 in
cash.

See the accompanying notes to condensed consolidated financial statements.

                                F-4
<PAGE>

                 RECYCLENET CORPORATION
  NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                       (UNAUDITED)

NOTE 1-ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES

The  accompanying  condensed  financial  statements  have  been
prepared  by RecycleNet Corporation and are unaudited.  In  the
opinion  of  management, the accompanying  unaudited  financial
statements  contain all adjustments (consisting of only  normal
recurring  adjustments)  necessary  for  fair  presentation  in
accordance with generally accepted accounting principles in the
United States.

The  accompanying unaudited interim  financial statements  have
been  condensed pursuant to the  rules and regulations  of  the
Securities   and   Exchange  Commission;   therefore,   certain
information  and  disclosures generally included  in  financial
statements  have  been condensed or omitted.  These   financial
statements  should  be read in conjunction with  the  Company's
annual  financial  statements included in the Company's  annual
report  on  Form 10-KSB as of December 31, 1999. The  financial
position  and  results  of operations of  the  interim  periods
presented are not necessarily indicative of the results  to  be
expected for the year ending December 31, 2000.

Basis of Presentation - RecycleNet Corporation (RecycleNet) was
incorporated  on  December  22, 1997  under  the  laws  of  the
Province of Ontario, Canada. On March 19, 1999, RecycleNet  was
reorganized  into Amalco, a newly-formed, wholly-owned  Ontario
subsidiary of Garbalizer Machinery Corporation (Garbalizer),  a
Utah corporation, under the terms of a stock exchange agreement
dated February 25, 1999 (the Agreement). Under the terms of the
Agreement,  the  shareholders  of  RecycleNet  exchanged   each
outstanding common share of RecycleNet for 3.869 Class X shares
(equity participating and non-voting) of Amalco and 3.869 Class
N  (voting non-equity participating) shares of Garbalizer.  The
RecycleNet  shareholders were issued  70,896,789  Class  N  and
Class  X shares. The Class N and Class X shares are convertible
into  common shares on the basis of one Class N share  and  one
Class  X  share  for each common share. Prior  to  closing  the
Agreement,  the  Garbalizer shareholders held 7,877,427  common
shares,  after  a 2-for-3 reverse stock split,  which  remained
outstanding   after   the   reorganization.   The    RecycleNet
shareholders  held the equivalent of 90% of the  common  shares
after the reorganization.

For financial reporting purposes, RecycleNet was considered the
accounting  acquirer.  These  financial  statements  have  been
restated  for  all  periods presented for the  effects  of  the
3.869-for-1  stock  split  and  for  the  conversion   of   the
RecycleNet  common shares into Class N and Class X  shares.  In
connection  with the Agreement, Garbalizer transferred  all  of
its  existing assets and operations to a corporation under  the
control  of  its  principal shareholder  in  exchange  for  the
assumption  by  that corporation of all of the  liabilities  of
Garbalizer. Garbalizer thereby became a shell corporation  with
no  operations  and  no  assets prior to the  transaction.  The
common  shares  of  Garbalizer which remained outstanding  were
accounted for as having been issued in the transaction and were
valued  at  zero which was the fair value of the net assets  of
Garbalizer.  The  acquisition of Garbalizer was  accounted  for
under the purchase method of accounting.

Consolidation - On March 19, 1999, Garbalizer changed its  name
to   RecycleNet  Corporation.  The  accompanying   consolidated
financial   statements  include  the  accounts  of   RecycleNet
Corporation  (the  Utah  corporation)  from  the  date  of  its
acquisition,   the   accounts  of   RecycleNet   (the   Ontario
corporation  renamed Amalco), the accounts of  Andela  Products
Limited  from the date of its acquisition, and the accounts  of
Metalworld.com,  Inc.  from the date of  its  acquisition.  The
consolidated  entity is referred to hereafter as  the  Company.
Inter-company accounts and transactions have been eliminated in
consolidation.

Operations  -  The  Company  is in the  business  of  designing
Internet  sites, Internet advertising and Internet  trading  of
consumable   recyclable  goods.  Its  primary  operations   are
conducted  from  Ontario.  However,  the  U.S.  dollar  is  the
functional  currency for the Company's consolidated operations.
All gains and losses from currency translations are included in
the results of operations.

Note Receivable - At September 30, 2000, the Company had loaned
a  total of $17,500 to Andela Tool & Machine. Repayment of  the
loan  is  expected by December 31, 2000. The loan is unsecured,
non-interest   bearing  and  payment  terms   have   not   been
established.

NOTE 2-BASIC AND DILUTED INCOME (LOSS) PER COMMON SHARE

  Basic  income  (loss)  per common  share  was  calculated  by
dividing through the date of the agreement with Garbalizer, net
income  (loss) by the weighted-average number of common  shares
outstanding.  The  weighted-average  number  of  common  shares
outstanding included the common shares converted into  Class  N
(and  Class  X)  shares. Thereafter, it  includes  only  common
shares  actually outstanding. Diluted income (loss) per  common
share  was  calculated  to give effect to potentially  issuable
common shares except during loss periods when those potentially
issuable  shares  were anti-dilutive. For the  three  and  nine
months  ended  September  30, 1999, 68,432,291  and  60,262,253
Class   No  (and  Class  X)  shares  were  excluded  from   the
calculation of diluted loss per share.

The following data shows the amounts used in computing earnings
per share for the three months and nine  months ended September
30, 2000 and 1999 and the effect on income and weighted average
number of shares of dilutive potential common stock:

<TABLE>
<CAPTION>
                                              For the Three Months          For the Nine Months
                                               Ended September 30,          Ended September 30,
                                            --------------------------  --------------------------
                                                2000          1999          2000          1999
                                            ------------  ------------  ------------  ------------
<S>                                        <C>           <C>           <C>           <C>
  Net income (loss )                        $     30,339  $   (428,543) $     53,910  $   (978,905)
                                            ============  ============  ============  ============
  Weighted-average number of common
   shares used in basic income (loss) per
   common share calculation                   35,184,349    10,341,925    18,920,084    18,511,963
  Incremental potentially issuable common
   shares from assumed conversion of Class
   N common shares                            66,754,687             -    67,632,101             -
                                            ------------  ------------  ------------  ------------
  Weighted-average number of common
   shares and dilutive potential common
   shares used in diluted income (loss)
   per common share calculation              101,939,036    10,341,925    86,552,185    18,511,963
                                            ============  ============  ============  ============
</TABLE>

                                F-6
<PAGE>

NOTE 3-ACQUISITION OF METALWORLD.COM, INC.

The  Company  acquired all of the outstanding common  stock  of
metalworld.com,  Inc.  ("metalworld")  by  issuing   27,322,608
shares   of   common   stock  primarily  to   Inter-Continental
Recycling,  Inc.  and  Paul Roszel on  July  14,  2000.  Inter-
Continental  Recycling,  Inc. is  beneficially  owned  by  Paul
Roszel,  who is the President and majority shareholder  of  the
Company.  Due  to the fact that the Company and metalworld  are
entities under common ownership, the purchase of metalworld has
been  accounted for under the purchase method of accounting  at
historical  cost in a method similar to a pooling of interests.
The  only  asset held by metalworld at the date of  acquisition
was  $22,045  in  cash and metalworld had no  liabilities.  The
operations of metalworld have been included in the accompanying
consolidated financial statements from July 14, 2000.

NOTE 4-STOCKHOLDERS' EQUITY

During  the  nine  months ended September 30,  2000,  1,538,488
Class  N  common  shares (and Class X shares  of  Amalco)  were
converted into 1,538,488 common shares.

                                F-7
<PAGE>

ITEM  2.  MANAGEMENT'S  DISCUSSION AND  ANALYSIS  OF  FINANCIAL
CONDITION AND RESULTS OF OPERATION

Results of Operations

Cautionary Statement Regarding Forward-Looking Statements

Certain  statements contained in this Section and elsewhere  in
this  Form  10-QSB  regarding matters that are  not  historical
facts  are forward-looking statements (as such term is  defined
in  the  Private  Securities Litigation Reform  Act  of  1995).
Because  such  forward-looking  statements  include  risks  and
uncertainties, actual results may differ materially from  those
expressed  or  implied by such forward-looking statements.  All
statements  that  address  operating  performance,   events  or
developments   that   management  expects   or  anticipates  to
incur in the future, including statements relating to sales and
earnings   growth  or  statements  expressing  general optimism
about     future   operating   results,   are   forward-looking
statements.  The  forward-looking  statements   are  based   on
management's  current views and assumptions   regarding  future
events  and  operating performance. Many  factors  could  cause
actual results to differ materially from estimates contained in
management's forward-looking  statements.  The differences  may
be caused by a variety of factors, including but not limited to
adverse    economic    conditions,    competitive    pressures,
inadequate  capital,  unexpected  costs,  lower  revenues,  net
income  and   forecasts,  the possibility  of  fluctuation  and
volatility  of our operating results  and financial  condition,
inability to carry out marketing  and  sales plans and loss  of
key executives, among other things.

General

RecycleNet  Corporation  (an Ontario Private  Corporation)  was
incorporated  on  December 22, 1997 and purchased  the  ongoing
business  proprietorship  of  Mr.  Paul  Roszel.   The  Company
operated  its business activities and continued to  expand  its
operations throughout the following period.

On  March 19, 1999, RecycleNet Corporation (an Ontario  Private
Corporation)  completed a reverse share  acquisition  with  the
Garbalizer   Machinery   Corporation,   A   Utah   Corporation.
RecycleNet  Corporation  (Ontario)  since  its  inception,  has
provided  Internet services and has received all of  its  sales
revenue  from  these activities.  All of the previous  business
activities  of  Garbalizer  Machinery  Corporation   have   not
continued  on  in  the new parent.  Consequently,  all  of  the
following  financial data being discussed will not compare  any
Garbalizer  Machinery  Corporation figures  with  its  relevant
comparisons.

Throughout the reporting periods shown hereafter, common  stock
was  issued  for various items (ie. business & start-up  costs;
merger costs; professional fees and marketing expenses). United
States  generally accepted accounting principles requires  that
we value these shares at reasonable current values when issued.
Consequently,  the paid-in-capital of the Company  recorded  as
received  a  substantial paid-in capital  and  the  Accumulated
Deficit recorded a correspondingly large deficit.

    Sales Revenues           3 Months Ended          9 Months Ended
                              September 30            September 30
                          ----------------------  ----------------------
                             2000        1999        2000        1999
                          ----------  ----------  ----------  ----------

    Sales Revenues USD    $  783,500  $  198,800  $1,685,800  $  316,300

Sales revenues recorded for the 3rd quarter ended September 30,
2000 of $783,500 were $584,700 or 294% over the similar quarter
in  1999.  Correspondingly, year to date revenues of $1,685,800
in  the  year  2000  were $1,369,500 or 433% over  the  similar
period  in 1999.  Revenues derived from our portal business  of
$143,000  in 2000 were 159% over the same 3 month period  ended
September  30,  1999 and 9 month revenues in 2000  of  $399,000
were 163% over the similar period in 1999.

Sales  generated from Andela Products Limited have been  strong
this year with three month revenues ended September 30, 2000 of
$640,500  compared to $143,700 in the same period  of  1999,  a
346%  increase.  Similarly, year to date sales to Sept 30, 2000
of  $1,286,800  were  $1,122,100 over the results  recorded  in
1999.

Our  Internet Marketing Program at Andela Products Limited  has
resulted  in increased sales activities throughout  this  year.
Since  we  have no history of strong sales over more  than  one
year,  we  are  not sure that these sales levels will  continue
into 2001 at the current rate or whether we are experiencing  a
bubble of sales activity this year.

Since  our  gross  profit is being generated  from  our  portal
business,  management  is  concentrating  on  increasing  these
revenues on a continuing basis.

Our  first full time sales person was added in January of  1999
and  three  additional sales people were added later  in  1999.
Progress  in  adding sales personnel in 1999  has  resulted  in
substantially  increasing  sales  revenues  and   as   we   add
additional  personnel  in  the  future,  we  look  forward   to
continued sales revenue increases.

    Gross Profit              3 Months Ended         9 Months Ended
                               September 30           September 30
                          ----------------------  ----------------------
                             2000        1999        2000        1999
                          ----------  ----------  ----------  ----------
    Gross Profit          $  138,500  $   41,200  $  394,500  $  137,700

Gross Profit generated in the 3 months ended September 30, 2000
of  $138,500 increased $97,300 or 236% over the similar  period
in  1999.  Correspondingly, Gross Profit of $394,500 for the  9
months  this year was $256,800 or 186% over the similar  period
ended September 30, 1999.

This  Gross Profit is being generated essentially by our portal
business  as  discussed  above in our Sales  Revenues  section.
Management  continues to emphasize increased revenues  in  this
section  of  our  business and we expect  revenues  to  further
increase   both  with  present  staff  levels  and  also   with
additional personnel.


    Operating Expenses       3 Months Ended          9 Months Ended
                              September 30            September 30
                          ----------------------  ----------------------
                             2000        1999        2000        1999
                          ----------  ----------  ----------  ----------
General and Administration
   Expenses               $  108,300  $   69,800  $  342,500  $  181,200

General & Administration Expenses of $108,300 for the 3  months
ended  September 30, 2000 were $38,500 over the similar  period
in  1999, while year to date expenses of $342,500 in 2000  were
$161,300 over the same period of 1999.

Salaries  and related benefits comprise the largest portion  of
the  expenses and account for $73,200 of the $108,300  expenses
for the last three months ended September 30, 2000 and $232,400
of the year to date numbers.

Salaries  and  related benefits increased by $110,800  for  the
nine months ended September 30, 2000 over the nine months ended
September  30,  1999.  This increase  reflects  the  additional
personnel  that  were  added to our staff  throughout  1999  at
various  times, but who have been employed throughout the  year
2000.  Our legal and accounting fees have been $5,700 higher in
the  9 month period of 2000 over 1999 primarily to reflect  our
continuing efforts to maintain current quarterly filings and to
respond to our Securities and Exchange Commission requirements.
Management is monitoring close control on all other expenses in
order to improve operations.

    Net Profit (Loss)       3 Months Ended  9 Months Ended
                             September 30    September 30
                          ----------------------  ----------------------
                             2000        1999        2000        1999
                          ----------  ----------  ----------  ----------
Net Profit (Loss) USD)    $   30,300  $ (428,500) $   53,900  $ (978,900)

The  Net  Profit results for this quarter ended  September  30,
2000  of $30,300 is the 3rd consecutive quarter that RecycleNet
Corporation  has achieved a Profit.  In the 1st  quarter  ended
March  31,  2000, Net Profit was $6,400 while the  2nd  quarter
ended June 30, 2000 the Profit of $17,200 was recorded, a  169%
increase over the first quarter.  Now we have a 76% increase in
Net Profit or $13,100 over the 2nd quarter.  Sales Revenues  of
RecycleNet  are  continuing  to  surpass  our  expense   levels
resulting  in Profits and positive cash flow.  Management  will
continue  to encourage revenue growth from our sales  personnel
while maintaining tight cost controls on our operations.

The year 1999 to September 30 recorded substantial losses, most
of  this  attributed  to  the issuance of  stock  for  services
rendered.   Included  in  the loss  of  $978,900  in  1999  was
$940,030  for professional fees, marketing expenses and  merger
and acquisition costs.  Please note that these expenses did not
affect  our cash flow, nor did it weaken our current  financial
condition.

Liquidity and Capital Resources

The Company's cash position of $122,300 is at its highest level
since inception, and represents an increase of $61,200 from the
December  31,  1999  balance  of $61,200  and  also  a  similar
increase of $62,300 from the June 30,2000 position.

Accounts  Receivable have increased $10,600 from the  June  30,
2000  balance of $54,100 and reflects directly the increase  in
our  monthly  sales activities.  The note receivable  from  our
supplier,  Andela Tool and Machinery, was reduced by  a  $5,000
payment during this quarter.

During  the  quarter, $7,700 was expended to purchased  another
laptop computer and a projector that can transmit data from our
laptop computer screen for presentation purposes.

Conversely, trade accounts payable have increased $16,500  from
the June 30, 2000 balance and represents only current payables.

Deferred Revenue

Deferred  Revenue also continued to increase  to  $61,100  from
June  30,  2000  balance of $49,900 and the December  31,  1999
balance  of  $43,300.   This is directly  attributable  to  our
increased  sales  activity with more  services  being  sold  at
higher  values  and  also  these services  being  paid  by  the
customer in advance.  These revenues will be taken into  income
proportionately  each month in the future as we  deliver  these
services to our customers.

Miscellaneous Comments

Management's effort during the 9 months to September  30,  2000
has  produced  Net Profits of $53,900 during the  period.   Our
current  cash  balance  of  $122,300 compared  to  our  opening
January  1, 2000 balance of $61,200 is a marked improvement  of
our financial position.

With  no  current bank loan obligations and no  long-term  debt
securities, and only small amounts of current liabilities,  our
positive  cash  flow continues to increase our  already  strong
financial  position.   Management will reinvest  this  positive
cash  flow into our business to improve our business activities
while improving shareholder value.


ITEM  3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT  MARKET
RISK

Competition for Internet products and services, advertising and
e-commerce  is  intense.  The Company expects that  competition
will continue to intensify.  Barriers to entry are minimal, and
competitors can launch new Web sites at a relatively low  cost.
It competes for a share of a customer's advertising/promotional
budget  with  online services and traditional  off-line  media,
such as print and trade associations.

Competitors may develop Internet products or services that  are
superior  to  or  have  greater  market  acceptance  than   the
Company's  solutions.  If it is unable to compete  successfully
against   its   competitors,  business   condition,   financial
condition, and operating results will be adversely affected.


Many  of  the  Company's competitors have  much  greater  brand
recognition   and  greater  financial,  marketing   and   other
resources. This may place it at a disadvantage in responding to
its  competitors'  pricing strategies, technological  advances,
advertising   campaigns,  strategic  partnerships   and   other
initiatives.


                  PART II - OTHER INFORMATION

ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K

A report on form 8-K was filed on August 14, 2000. The Company
reported Item2: The acquisition of metalworld.com, Inc.


                          SIGNATURES

Pursuant to the requirements of the Exchange Act of 1934, the
registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.


RECYCLENET CORPORATION

November 14, 2000

                    BY:  /s/  Paul Roszel
                        -------------------------------------
                           Paul Roszel, Chairman of the Board
of Directors

In accordance with the Exchange Act, this report has been
signed below by the following persons on behalf of the
registrant and in the capacities and on the dates indicated.

November 14, 2000
                    BY:  /s/  Paul Roszel
                        -------------------------------------
                           Paul Roszel, Chairman of the Board
                            of Directors

November 14, 2000
                    BY:  /s/  Richard Ivanovick
                        -------------------------------------
                           Richard Ivanovick, C.A., CFO

 November 14, 2000
                    BY:  /s/  Keith A. Deck
                        -------------------------------------
                           Keith A. Deck, Director