updated 9/20/2010 12:46:23 PM ET 2010-09-20T16:46:23

SARASOTA, Fla., Sept. 20, 2010 (GLOBE NEWSWIRE) -- Resource Exchange of America Corporation (OTCBB:RXAC), a Florida-based recycling company, comments on President Barack Obama's recently proposed plan to spend $50 billion to renew and expand America's roads, railways and runways.

"A proposed plan for revamping the entire U.S. infrastructure would have a positive effect on our roads and railways, but would more importantly serve to create jobs all over America. From our perspective, there is of course the added dimension that rebuilding many thousands of miles of roads (enough to span the Earth six times), and constructing thousands of miles of rails would require a significant amount of steel," comments Dana Pekas, CEO of Resource Exchange of America Corporation. "We hope to be in a position to supply at least a miniscule portion of the anticipated scrap metal that will be needed for such an undertaking," Mr. Pekas concluded.

About the proposed plan to Renew and Expand America's Roads, Railways and Runways:

Read more at the White House website:
www.whitehouse.gov/the-press-office/2010/09/06/president-obama-announce-plan-renew-and-expand-america-s-roads-railways-

About Resource Exchange of America Corporation 

Resource Exchange of America Corporation is working to become a recycling powerhouse by rolling up companies within asset recovery, processing and brokering of ferrous and nonferrous scrap metal. With its access to deep-water ports, the company will be able to sell the scrap metal to clients domestically as well as abroad. Resource Exchange of America Corporation will bring together the best companies within the recycling industry and elevate them to excellence, drawing on the strengths of the individual companies while combining forces to achieve synergies and be able to tackle the biggest jobs.

The Resource Exchange of America logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8018

Disclaimer – Forward Looking Statements 

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements; projected events in this press release may not occur due to unforeseen circumstances, various factors, and other risks identified in a company's annual report on Form 10-K and other filings made by such company.

For more information about Resource Exchange of America Corporation, visit www.resource-exchange.com or contact Investor Relations USA toll free 1(888)551-4115 or NY Local 1(646)405-4805  rxac@mscorpcommunications.com

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