Contact Information: GREENMAN TECHNOLOGIES www.greenman.biz Contacts: Chuck Coppa CFO Lyle Jensen CEO GreenMan Technologies 781-224-2411 Investor Relations Contacts: John Nesbett Jennifer Belodeau Institutional Marketing Services (IMS) 203-972-9200
GreenMan Technologies Retains O'Neill and Associates
Firm Will Assist GreenMan's Government Relations Activity at a Federal and State Level to Launch Its Alternative Fuel Technology
| Source: GreenMan Technologies, Inc.
LYNNFIELD, MA--(Marketwire - August 3, 2009) - GreenMan Technologies, Inc. (OTCBB : GMTI ),
today announced that it has retained the services of O'Neill and
Associates, a leading full-service government affairs and public relations
consulting firm. O'Neill and Associates will assist GreenMan's management
team in working with government entities including the Environmental
Protection Agency (EPA), the Department of Transportation, and the
Department of Energy. O'Neill and Associates will concentrate heavily on
programs and federal funding associated with the Recovery and Reinvestment
Act.
Lyle Jensen, GreenMan's Chief Executive Officer stated, "Through our
recently announced acquisition of American Power Group, GreenMan has
realigned its business focus to encompass a patented dual fuel alternative
energy technology which reduces emissions, provides an alternative fuel for
diesel fuel, and extends the useful life of a diesel engine. We believe
the benefits of our dual fuel technology make the company eligible for many
of the stimulus programs identified in the American Recovery and
Reinvestment Act. With their public policy expertise, we believe O'Neill
and Associates is explicitly qualified to assist us in matching our new
capabilities with environmental and alternative energy initiatives that
improve our air quality and reduce our dependence on foreign oil."
"We are excited to be part of such a transformational technology which has
nothing but positive implications for our economy and environment," said
Thomas P. O'Neill III, Chief Executive Officer, O'Neill and Associates.
Mr. Jensen further stated: "There is no question that GreenMan's dual fuel
technology aligns perfectly with many of the energy efficiency and energy
independence goals sought by several of the stimulus programs. The
retrofitting of stationery generators and vehicular diesel engines to run
substantially on compressed natural gas or bio-methane is a proven solution
with over 1,000 installations around the world. GreenMan's technology is
fully developed and installations are already being proposed under the
stimulus programs. The technology is 'shovel ready' and its benefits are
immediate. Job creation has already commenced."
GreenMan will work with O'Neill and Associates not only in Washington, but
at the state level as well. Opportunities in both power generation for
buildings and alternative fuel truck/ bus fleets are currently being
investigated in several states where both entities have strong networks.
About O'Neill and Associates (www.oneillandassoc.com)
O'Neill and Associates is led by former Massachusetts Lt. Governor Thomas
P. O'Neill III. The agency employs senior level professionals to help
clients define the right messages and get those messages to target
audiences, including government officials, the media, community leaders and
consumers. O'Neill and Associates serves clients in diverse industries,
including energy, financial services, transportation, healthcare,
hospitality, education, technology and real estate development.
About GreenMan Technologies
GreenMan Technologies, through its subsidiaries, provides technological
processes and unique marketing programs for alternative energy, renewable
fuels and innovative recycled products. Through the company's 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. The Company's alternative energy subsidiary, American Power
Group, Inc., signed an exclusive worldwide license agreement to
fully-commercialize a patented dual fuel alternative energy system
technology in June 2009.
"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 and that we will be prohibited from
competing in that business on a regional basis until 2013, the risk that we
may not be able to increase the revenue of our Welch division, 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.