SOURCE: GreenMan Technologies Inc.

GreenMan Technologies Inc.

October 13, 2009 09:00 ET

GreenMan Technologies Launches New Web Site

CARLISLE, IA--(Marketwire - October 13, 2009) - GreenMan Technologies, Inc. (OTCBB: GMTI) announced the launch of its new web site at www.greenman.biz.

Lyle Jensen, GreenMan's President and Chief Executive Officer, stated: "We are pleased to announce the launch of our new, interactive web site which was completed with the assistance of the web design team at the McLellan Marketing Group, Inc. Our new web site provides partners, investors and the public at large with a better understanding of our corporate strategy and operations. With links to the websites of our American Power Group and National Playground Compliance Group subsidiaries, our website provides a comprehensive view of our operations and capabilities."

About GreenMan Technologies

GreenMan Technologies, through its subsidiaries, provides technological processes and unique marketing programs for alternative energy, renewable fuels and innovative recycled products. The Company's alternative energy subsidiary, American Power Group, Inc. (APG) provides a cost-effective patented duel fuel technology for diesel engines. APG's dual fuel alternative energy system is a unique external fuel delivery enhancement system that converts existing diesel engines into more efficient and environmentally friendly engines that have the flexibility to run on: 1) diesel fuel and compressed natural gas ("CNG"); 2) diesel fuel and bio-methane, or 3) 100% diesel fuel depending on the circumstances. The proprietary technology seamlessly displaces up to 70% of the normal diesel fuel consumption with CNG or bio-methane and the energized fuel balance between the two fuels is maintained with a patented control system ensuring the engines operate to Original Equipment Manufacturers' ("OEM") specified temperatures and pressures with no loss of horsepower. Installation requires no engine modification unlike the more expensive high-pressure alternative fuel systems in the market. Our Green Tech 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 including recycled surfacing. See additional information at: www.americanpowergroupinc.com and www.playgroundcompliance.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 risks and uncertainties that may individually or collectively impact the matters herein described, including but not limited to the facts that we have sold the tire recycling operations which have historically generated substantially all our revenue, the risk that we may not be able to increase the revenue of our Green Tech Products the risks that we may not be able to identify and acquire complementary businesses and that we may not be able successfully to integrate any such acquisitions with our current businesses, the risk that we may not be able to return to sustained profitability, the risk that we may not be able to secure additional funding necessary to grow our business, on acceptable terms or at all, the risk that, if we have to sell securities in order to obtain financing, the rights of our current stockholders may be adversely affected, and the risks of possible adverse effects of economic, governmental, seasonal 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, 2008. The Company disclaims any intent or obligation to update these "forward-looking" statements.

Contact Information

  • GreenMan Contacts:
    Chuck Coppa, CFO or Lyle Jensen, CEO
    781-224-2411

    Investor Relations:
    Jennifer Belodeau or John Nesbett
    Institutional Marketing Services
    203-972-9200