10-QSB
          1




                      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: June 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 June 30, 2000:   10,782,647
The number of class N shares outstanding at June 30, 2000:  67,991,569

<PAGE>

                        PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS




                   RECYCLENET CORPORATION AND SUBSIDIARIES

                        INDEX TO FINANCIAL STATEMENTS

                                                                        Page

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

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

      Condensed Consolidated Statements of Cash Flows for the Six
        Months Ended June 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)


                                                       June 30,  December 31,
                                                         2000       1999
                                                      ----------  ----------
                                    ASSETS
Current Assets
       Cash                                           $   60,035  $   61,167
       Trade accounts receivable, net of $4,174 and
         $2,168 allowance for bad debt                    54,112      30,289
       Note receivable                                    22,500      15,000
                                                      ----------  ----------
        Total Current Assets                             136,647     106,456
                                                      ----------  ----------
Computer Equipment                                        13,693      13,693
       Less accumulated depreciation                      (6,638)     (3,520)
                                                      ----------  ----------
        Net Equipment                                      7,055      10,173
                                                      ----------  ----------
Total Assets                                          $  143,702  $  116,629
                                                      ==========  ==========

                     LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
     Trade accounts payable                           $    4,899  $   18,023
     Accrued liabilities                                  12,690       2,650
     Deferred revenue                                     49,913      43,328
                                                      ----------  ----------
       Total Current Liabilities                          67,502      64,001
                                                      ----------  ----------
Stockholders' Equity
     Class N common shares (and Class X shares
      of Amalco) -  $0.01 par value; 70,896,789
      shares authorized; 67,991,569 shares and
      68,130,269 shares outstanding, respectively        679,916     681,303
     Common shares - $0.01 par value; 79,103,211
      shares authorized; 10,782,647 shares and
      10,643,947 shares issued and outstanding,
      respectively                                       107,826     106,439
     Additional paid-in capital                          447,926     447,926
     Accumulated deficit                              (1,159,468) (1,183,040)
                                                      ----------  ----------
       Total Stockholders' Equity                         76,200      52,628
                                                      ----------  ----------
Total Liabilities and Stockholders' Equity            $  143,702  $  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 Six Months
                                               Ended June 30,              Ended June 30,
                                         --------------------------  --------------------------
                                            2000          1999          2000          1999
                                         ------------  ------------  ------------  ------------
<S>                                     <C>           <C>           <C>           <C>
Sales                                    $    607,734  $    85,220   $    902,339  $    117,454
Cost of Sales                                 472,767       21,008        646,335        21,008
                                         ------------  -----------  -------------  ------------
Gross Profit                                  134,967       64,212        256,004        96,446
                                         ------------  -----------  -------------  ------------
Operating Expenses
   General and administrative expenses        117,832       66,900        234,183       111,419
   Exchange gain                                  (76)      (4,523)        (1,751)       (4,628)
   Marketing expense (paid with stock)             -            -              -        116,100
   Professional fees (paid with stock)             -            -              -        423,917
                                         ------------  -----------  -------------  ------------
Total Operating Expenses                      117,756       62,377        232,432       646,808
                                         ------------  -----------  -------------  ------------
Net Income (Loss)                        $     17,211  $     1,835  $      23,572  $   (550,362)
                                         ============  ===========  =============  ============
Basic Income (Loss) Per
 Common Share                            $       0.00  $      0.00  $        0.00  $      (0.02)
                                         ============  ===========  =============  ============
Diluted Income (Loss) Per
 Common Share                            $       0.00  $      0.00  $        0.00  $      (0.02)
                                         ============  ===========  =============  ============
Weighted-Average Number of
 Common Shares Used in Basic
 Per Share Calculation                     10,753,228    7,877,426     10,698,588    34,574,880
                                         ============  ===========  =============  ============
Weighted-Average Number of
 Common Shares Used in Diluted
 Per Share Calculation                     78,774,216   78,774,216     78,774,216    34,574,880
                                         ============  ===========  =============  ============
</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 Six Months
                                                        Ended June 30,
                                                     ---------------------
                                                       2000        1999
                                                     ----------  ---------
  Cash Flows From Operating Activities
    Net income (loss)                                $   23,572  $(550,362)
    Adjustments to reconcile net loss to net cash
     used by operating activities:
       Depreciation                                       3,118      1,414
       Marketing expense paid with common stock              -     116,100
       Common stock issued for services                      -     423,917
       Exchange gain                                    (1,675)       (105)
    Changes in assets and liabilities:
       Accounts receivable                             (23,823)    (17,852)
       Receivable from supplier                         (7,500)         -
       Accounts payable                                (13,124)     (1,166)
       Accrued liabilities                              10,040          -
       Deferred revenue                                  6,585       3,861
                                                     ---------  ----------
      Net Cash Used in Operating Activities             (2,807)    (24,193)
                                                     ---------  ----------
  Cash Flows From Investing Activities
    Purchase of equipment                                   -       (6,210)
                                                     ---------  ----------
    Net Cash Used in Investing Activities                   -       (6,210)
                                                     ---------  ----------
  Cash Flows From Financing Activities
    Proceeds of issuance of common shares                   -      109,476
                                                     ---------  ----------
    Net Cash Provided by Financing Activities               -      109,476
                                                     ---------  ----------
  Effect of Exchange Rate Changes on Cash                1,675         105
                                                     ---------  ----------
  Increase (Decrease) in Cash                           (1,132)     79,178

  Cash at Beginning of Period                           61,167      55,257
                                                     ---------  ----------
  Cash at End of Period                              $  60,035  $  134,435
                                                     =========  ==========

      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 Corporation and 7,877,421 shares to
      acquire Garbalizer Machinery Corporation.

See the accoanying 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 financial statements have been prepared by RecycleNet
      Corporation and are unaudited. In the opinion of management, the
      accompanying unaudited financial statements contain all necessary
      adjustments 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 ended 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) and the accounts
      of Andela Products Corporation, 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.

                                F-5

      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.

      Business Condition - The Company has experienced an operating profit
      of $23,572  for the six months ended June 30, 2000 compared to an
      operating loss of $550,362 for the six months ended June 30, 1999.
      Cash flows from operating activities during the six months ended June
      30, 2000 used $2,807. During the similar period in 1999, cash flows
      from operating activities used $24,193.

      Basic and Diluted Income (Loss) Per Common Share - Basic income (loss)
      per common share was calculated by dividing the net income (loss) by
      the weighted-average number of common shares that were converted into
      Class N (and Class X) shares through the date of the merger plus the
      weighted-average number of common shares outstanding thereafter.
      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 would be anti-dilutive. There were
      67,991,569 and 70,896,789 potentially issuable common shares at June
      30, 2000 and 1999, respectively.

      Note Receivable - At June 30, 2000, the Company had loaned a total of
      $22,500 to Andela Tool & Machine as a loan towards their immediate
      working capital needs. Repayment is expected by December 31, 2000. The
      loan is unsecured. The loan is non-interest bearing and payment terms
      have not been established.

      NOTE 2--ACQUISITION OF ANDELA PRODUCTS CORPORATION

      The Company acquired Andela Products Corporation by issuing 386,900
      shares of Class N and Class X common stock on March 11, 1999. The
      acquisition was primarily for the purpose of obtaining marketing
      rights to glass recycling equipment. The common shares issued were
      recorded at their fair value of $116,100 and were accounted for as
      marketing expense. The operations of Andela Products Corporation have
      been included in the accompanying consolidated financial statements
      from March 11, 1999.

      NOTE 3--STOCKHOLDERS' EQUITY

      On March 19, 1999, the articles of incorporation were amended to
      change the authorized capital to 150,000,000 common shares with a par
      value of $0.01 per share. The Board of Directors is authorized to
      designate one or more series within the class of common shares and to

                                F-6
<PAGE>

      designate relative preferences, limitations and rights. The Board has
      designated 70,896,789 common shares as Class N common shares. The
      Class N common shares have voting rights of one vote per share and are
      non-equity participating. Amalco, the Ontario subsidiary, is
      authorized to issue an unlimited number of Class X common shares. The
      Class X common shares of Amalco are non-voting but equity
      participating. 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
      of Amalco for each common share of the Company.

      During February through March 1999, the Company issued 213,570 shares
      of common stock for cash. The proceeds from the issuance were $109,476
      or $0.51 per share. During March 1999, the Company issued 833,717
      shares of common stock for services. The shares were recorded at their
      fair value of $423,917, or $0.51 per share, based upon the price
      shares were issued for cash during that same time.

      On March 11, 1999 the Company issued 386,900 shares of Class N and
      Class X common stock to acquire Andela Corporation, as explained in
      Note 2. The value assigned to the shares was $0.30 per share based on
      the market value at which the Company's common shares traded after the
      reorganization of RecycleNet.

      In conjunction with the reorganization of RecycleNet, a principal
      shareholder converted 2,000,000 Class N and Class X common shares into
      2,000,000 common shares on August 19, 1999. The shareholder
      contributed the common shares to the Company. The shares were then
      reissued to an individual for his assistance in the merger and
      reorganization. The common shares issued were recorded at their fair
      value of $400,000 or $0.20 per share based upon the market value at
      which the Company's common shares were trading at the time of
      issuance. The cost of the related services was charged to expense.

      During the six months ended June 30, 2000, 138,700 shares of Class N
      common shares and (Class X shares of Amalco) were exchanged for
      138,700 common shares of the Company.

      NOTE 4 - SUBSEQUENT EVENTS

      On July 14, 2000, the Company entered into an agreement whereby the
      Company issued 27,322,608 shares of common stock for the acquisition
      metalworld.com, Inc.

                                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.

<TABLE>
<CAPTION>
      Sales Revenues

                             Apr 1 to      Apr 1 to      Jan 1, 2000 to   Jan 1, 1999 to
                          June 30, 2000   June 30, 1999   June 30, 2000   June 30, 1999
<S>                      <C>             <C>             <C>             <C>
      Sales Revenues USD     $607,700         $85,200        $902,300        $117,500
      </TABLE>

      Sales revenues recorded for the 2nd quarter of 2000 of $607,700 were
      $522,500 over the same period in 1999 of $85,200.  Correspondingly,
      six months revenues to June 30, 2000 of $902,300 was substantial over
      the same period of 1999 of $117,500.

      Revenue from our portal business continues to increase at a very
      favorable rate reaching $225,400 for the six months of 2000, compared
      to $96,500 for the similar period of 1999.  Our first dedicated
      full-time sales person was hired in January of 1999 and we have been
      hiring additional personnel slowly as each one matures in their
      responsibilities.  Progress of both our sales force and our sales
      revenue is quite encouraging and we look forward to continued progress
      in our sales efforts in the future.

    <TABLE>
    <CAPTION>
      Gross Profit

                              Apr 1 to         Apr 1 to      Jan 1, 2000 to    Jan 1, 1999 to
                            June 30, 2000    June 30, 1999    June 30, 2000    June 30, 1999
<S>                        <C>             <C>               <C>              <C>
      Gross Profit USD         $135,000         $64,200          $256,000           $96,500
</TABLE>

      Gross profit of $256,000 for the six months ended June 30, 2000 was
      $159,500 over the similar period in 1999, while the three months gross
      profit from April 1 to June 30, 2000 of $135,000 was $70,800 or 210%
      over the same period of 1999.  This gross profit improvement is a
      direct result of our correspondingly higher sales revenues in each of
      the comparable periods and is being generated from our portal
      business.  Although we are recording increased revenues in our Andela
      Products business, we are not recording any significant gross profit
      from these activities as yet.
      We continue to focus our activities at generating revenues associated
      with our web site services and graphic advertising.

<TABLE>
<CAPTION>
      Operating Expenses

                               Apr 1 to       Apr 1 to      Jan 1, 2000 to   Jan 1, 1999 to
                            June 30, 2000   June 30, 1999   June 30, 2000    June 30, 1999
<S>                        <C>             <C>             <C>             <C>
      General and
      Administration
      Expenses USD            $117,800         $66,900         $234,200        $111,400
</TABLE>

      General and Administrative expenses increased from $111,400 for the
      six months ended June 30, 1999 to $234,200 for the similar period of
      2000.  The largest expenditure in this category is salaries and
      related benefits and represents $159,300 of the $234,200 total.
      Starting in January of 1999 we commenced hiring sales personnel and
      along with increased telephone expenditures, we have been achieving
      corresponding strong sales revenue increases.

      Traveling expenditures in the year 2000 were slightly higher as we
      continue our efforts to attend trade shows, web-related conventions
      and continued promotional activities regarding RecycleNet's progress
      in the business community.

      Management is monitoring its costs closely and will increase
      expenditures only when we can see some benefits from doing so.

<TABLE>
<CAPTION>
      Net Profit (Loss)

                               Apr 1 to        Apr 1 to       Jan 1, 2000 to    Jan 1, 1999 to
                            June 30, 2000    June 30, 1999    June 30, 2000     June 30, 1999
<S>                        <C>             <C>              <C>               <C>
      Net Profit (Loss) USD    $17,200           $1,800           $23,600          ($550,400)
</TABLE>

      RecycleNet recorded a $23,600 profit for the first six months of the
      year 2000, $6,400 in the first quarter and $17,200 in the second
      quarter.  This $10,800 increase over the first quarter is primarily a
      result of increased sales revenues without a corresponding increase in
      expenditures.

      RecycleNet is now operating in a profit position and as our revenues
      increase, our profits should increase at a very favorable rate.  Each
      additional dollar of sales revenue does not have a high cost of
      expenditure associated with it, and thus most of this revenue will
      flow into net profit.

      The large losses recorded in 1999 were primarily related to marketing
      and professional fees, which were paid for by the issuance of stock.
      Please note that the $540,000 of the total of $550,400 expenditure was
      a non-cash expenditure and did not reduce our cash and bank balances.

      Without the $540,000, our loss for the six months to June 30, 1999
      would have been recorded at $10,400.  Management at RecycleNet will
      continue to improve its operations in our continuing effort to
      increase shareholder value by improving our bottom line.


      Liquidity and Capital Resources

      As at June 30, 2000, the company's cash position improved from $49,200
      at March 31, 2000 to $60,000, an increase of $10,800.  Profit during
      this period of $17,200 and depreciation of $1,500 accounted for
      $18,700 of this improvement.  Additional funds were used to fund
      increased accounts receivable and reduce accounts payable, while
      additional funds were generated from increased accrued liabilities.

      Our balance sheet records no bank indebtedness, nor any long-term
      debt.  Profit of $6,400 in the first quarter ended March 31, 2000,
      along with the profit of $17,200 recorded during the next quarter
      ended June 30, 2000 will strengthen our financial position, as
      management will be prudent on the application of these funds generated.

      Management expects that our operations will now generate profits and
      correspondingly, positive cash flow.  We will continue to find ways to
      improve our profitability and thus increase shareholder value.


      Deferred Revenue

      Deferred revenue at June 30, 2000 of $49,900 was slightly lower than
      the $51,700 recorded at March 31, 2000.  Deferred revenue results from
      RecycleNet customers who pay for their services or advertising in
      advance, either quarterly, half yearly or annually.  The Company
      records deferred revenue as payments are received. The revenues are
      recognized proportionately each month as the services are performed.


      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 8K

      A report on form 8-K was filed on July 7, 2000.  The Company reported
      Item 5: The Appointment of Keith A. Deck as a new Officer and Director
      of the company.



                                        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

      August 09, 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.


      August 09, 2000
                                    BY:  /s/ Paul Roszel
                                       -----------------------------------
                                         Paul Roszel, Chairman of the
                                           Board of Directors

      August 09, 2000
                                    BY:  /s/ Richard Ivanovick
                                       -----------------------------------
                                           Richard Ivanovick, C.A., CFO


       August 09, 2000
                                    BY:  /s/ Keith A. Deck
                                       -----------------------------------
                                          Keith A. Deck, Director