SOURCE: GreenMan Technologies, Inc.

October 30, 2007 11:45 ET

GreenMan Technologies Named One of the 50 Best Small Public Companies By Minneapolis-St. Paul Business Journal

SAVAGE, MN--(Marketwire - October 30, 2007) - GreenMan Technologies, Inc. (OTCBB: GMTI), a leading recycler of over 12 million scrap tires per year in the United States, was recently named as one of the 50 Best Small Public Companies in Minnesota by the Minneapolis-St. Paul Business Journal. GreenMan was ranked 17th by the publication, which compiles the list annually by evaluating the performance of Minnesota-based public companies in five categories: growth in revenue (two categories); growth in net income; return on revenue and return to shareholders. Each of the five categories was assessed individually and then those rankings were combined to determine the overall standings. This is GreenMan's first appearance on the Best Performers list.

About GreenMan Technologies

GreenMan Technologies pursues technological processes and unique marketing programs to transform recycled materials into renewable fuel, alternative energy, recycled feedstock, and innovative recycled products. Over twelve million tires are collected and recycled annually into tire-derived fuel, tire-derived aggregate, and crumb rubber feedstock for playground, athletic track and field, and road surfacing. Through the company's Welch Products subsidiary, the company develops and markets branded products and services that provide schools and other political subdivisions viable solutions for safety, compliance, and accessibility. To learn more about all of the companies, please visit the following websites:

www.greenman.biz
www.welchproducts.com
www.nssi-usa.com
www.playtribe.com

"Safe Harbor" Statement: Under the Private Securities Litigation Reform Act

With the exception of the historical information contained in this news release, the matters described herein contain "forward-looking" statements that involve risk and uncertainties that may individually or collectively impact the matters herein described, including but not limited to the possibility that we may not be able to secure the financing necessary to return to sustained profitability, our ability to successfully integrate the recent Welch Products acquisition and realize the anticipated benefits, the possibility that we may not realize the benefits of product acceptance, economic, competitive, governmental, seasonal, management, technological and/or other factors outside the control of the Company, which are detailed from time to time in the Company's SEC reports, including the annual report on Form 10-KSB for the fiscal period ended September 30,2006. The Company disclaims any intent or obligation to update these "forward-looking" statements.

Contact Information

  • Contacts:
    Chuck Coppa
    CFO
    GreenMan Technologies
    800-526-0860

    John Nesbett
    Institutional Marketing Services, Inc.
    203-972-9200