EMBARGOED UNTIL MONDAY, APRIL 11, 2011 @ 6 AM PDT Thrift Recycling Management, Inc.

acquires assets of used bookseller Snow Lion, Inc. Leading used media retailer actively looking for continued growth opportunities in the used media space. SEATTLE April 11, 2011 Thrift Recycling Management, Inc., the largest online seller of recycled media and consumer goods, today announced that it has acquired the operating assets of Denver, Coloradobased Snow Lion Books, Inc. The acquisition will allow Thrift Recycling to further solidify its position as the leader in the recycled media space, and demonstrates the companys proactive approach to growth. Thrift Recycling is the leading distributor of used media online, and is a major partner with Amazon, eBay, Alibris, Barnes & Noble and many other marketplaces domestically and internationally. Since they shipped their first book in 2004, Thrift Recycling has sold over 15 million books in every state and province in North America, and in 196 countries worldwide. In addition to easing the pressure on landfills by promoting re-use, TRM recycles about 24 million unusable books each year. At Thrift Recycling, it is our mission to promote the reuse and recycling of books, in order to promote literacy initiatives and general access to books, as well as to ease the mounting pressure on landfills, said Phil McMullin, CEO and Co-Founder of Thrift Recycling. This acquisition allows Thrift Recycling to continue its rapid growth and expand its leadership position in the online used media space, while simultaneously helping us to achieve our goals around literacy and sustainability. Snow Lion, Inc., is a division of Cycla, LLC, a recycling management company dedicated to facilitating the responsible disposal of recyclable materials quickly and efficiently. Like Thrift Recycling, the company works to keep used consumer products out of landfills by reselling the products at low cost, or donating them to charitable organizations. Snow Lion, Inc. focused its efforts primarily on the collection and sale of used books. This divestiture will allow Snow Lion and its sister company Cycla, LLC, to focus on the nationwide opportunities that are available in the broader thrift recycling market, said Trish McCully, President of Snow Lion Inc., and Cycla, LLC. Thrift Recycling has the experience and expertise in the used media space to effectively distribute Snow Lions assets in a manner consistent with Cyclas mission and goals. Thrift Recycling was founded in 2004 after McMullin, a member of the management team at Savers, Inc., noticed that countless used books were being thrown into landfills, while many underprivileged individuals had no access to reading materials. TRM was created to take advantage of the resulting opportunities. The Company, which closed its last fiscal year at $27M in revenue, continues to attack the cycle of poverty by providing services to charities that distribute books to those in need. Charities contracting for TRM services include Reading Tree, a worldwide early childhood literacy advocate that has distributed 3.7 million free books to schools, school libraries and young children in the past three years. In January 2011, Thrift Recycling announced that it secured an $8.5 million growth equity investment from Baltimore, MD-based QuestMark Partners. The acquisition of Snow Lions assets is another step in companys long-term growth plan.

We are actively looking for growth opportunities throughout North America, said McMullin. Our ongoing successes, combined with QuestMarks investment, allow us to take advantage of opportunities like the acquisition of Snow Lions operating assets. It is our goal to continue to grow Thrift Recycling in order to achieve our goals around literacy and sustainability. About Thrift Recycling Management Thrift Recycling Management, Inc. recycles material that would be sent to a landfill or otherwise be underutilized. Its primary focus is used books and related media. The Companys distribution channels include online platforms and wholesaling to other retailers. Thrift Recycling Management, Inc. was incorporated in 2004 and is based in Lakewood, Washington. It has locations throughout the US and Canada. Thrift Recycling Management, Inc., is a portfolio company of QuestMark Partners. About Cycla LLC Cycla manages the recycling needs for many large national and international thrift stores at a company and store level. Cyclas team proactively manages key tasks, including arranging transportation logistics, supplying the necessary product documentation, tracking and reporting movement of recycled products, and managing the final sale of used consumer products. Cyclas rich history in the thrift business enables their team to quickly identify recycling buyers and carriers, to cost-effectively manage recycled products and waste disposal in an environmentally responsible way.