SOURCE: GreenMan Technologies, Inc.

GreenMan Technologies, Inc.

August 03, 2009 09:00 ET

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

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.

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