GreenMan Technologies Announces March 29, 2007 Annual Meeting of Stockholders

SAVAGE, MN -- (MARKET WIRE) -- February 8, 2007 -- GreenMan Technologies, Inc. (OTCBB: GMTI), a leading recycler of over 12 million scrap tires per year in the United States, today announced that its Annual Shareholders' Meeting will be held at 11:00 AM on Thursday, March 29, 2007 at the Fairfield Inn located at 14350 Nicollet Court, Burnsville, Minnesota, 55306. We intend to mail our proxy statement to shareholders by the end of February, and are not soliciting any shareholder votes or proxies at this time.

GreenMan collects and recycles over 12 million tires annually into alternative fuel, alternative energy and innovative products. Today, our products are used as an efficient alternative fuel in large industrial boilers, as a substitute for crushed stone in civil engineering applications and as crumb rubber in playground and sport surfaces, rubberized asphalt and landscaping applications. We pursue technological processes and unique marketing programs intended to maximize the value of each tire we manage. To learn more, please visit our website at www.greenman.biz

"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 profitability, the possibility that the delisting of our stock by the American Stock Exchange could substantially limit our stock's future liquidity and our ability to raise capital, 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 or Lyle Jensen CEO GreenMan Technologies 800-957-9575