Contact Information: Contacts: Chuck Coppa CFO or Lyle Jensen CEO GreenMan Technologies 781-224-2411 Investor Relations Contacts: John Nesbett or Jennifer Belodeau Institutional Marketing Services (IMS) 203-972-9200
GreenMan Technologies First Quarter Financial Release and Conference Call Alert
| Source: GreenMan Technologies
CARLISLE, IA--(Marketwire - February 9, 2010) - GreenMan Technologies, Inc. (OTCBB : GMTI ),
today announced that it plans to release the results for its first fiscal
quarter ended December 31, 2009 on Wednesday, February 10, 2010, before the
market opens. GreenMan will host a conference call later that morning at
11:00 AM Eastern in which we will discuss the results for the quarter ended
December 31, 2009. To participate, please call 1-877-874-1588 and ask for
the GreenMan call using passcode 3400240. A replay of the conference call
can be accessed until 11:50 PM on February 28 2010 by calling
1-888-203-1112 and entering pass code 3400240.
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 fact
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 or improve the operating results of
our Green Tech Products or American Power Group divisions; 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; the risk that we may not be able to increase the demand
for our products and services; the risk that we may not be able to
adequately protect our intellectual property; and 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-K for the
fiscal year ended September 30, 2009. The Company disclaims any intent or
obligation to update these "forward-looking" statements.