Euro Recycling Services statement

Apr 10, 2007

From August last year until February this year Euro Recycling Sevices BV in The Netherlands was in negotiations to be acquired by Global Resources International GmbH Germany.

However despite an earlier press release from Global Resources GmbH, Euro Recycling services claims it never became part of Global Resources GmbH. In fact, as of March 1st 2007 Euro Recycling concluded that Global Resources GmbH/ AG could not fulfil the terms agreed in an earlier stage to make this take-over happen.

Euro Recycling comments “This has hurt our position in the world market a little in organisation, cash position and certainly service to our respectful customers and suppliers but we are happy to announce that our company Euro Recycling Services remains as it was to serve the recycling industry with high quality empty toner and inkjet cartridges.”

The company is moving to a warehouse which is double the size of its old one (in total 3400 m2) in May 2007 and will expand its existing sales force and collection programs in Belgium, Holland and Sweden

More details will be released at the beginning of May about the company’s new developments.

For inquiries for both selling and buying empty toner and inkjet cartridges please contact info@eurorecycling.net or call +31 46 486 1881.

To go directly to your account manager, please use the e-mails below:

Dunja El-Zein       : Dunja@eurorecycling.net
Mireille de Bruyn : Mireille@eurorecycling.net
Richard Golsteijn : Richard@eurorecycling.net
Rachel Wolf         : Rachel@eurorecycling.net

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