Contact Information: Contacts: Chuck Coppa CFO Or Lyle Jensen CEO GreenMan Technologies 800-526-0860
GreenMan Technologies Retains Institutional Marketing Services to Lead Investor Relations Initiatives
| Source: GreenMan Technologies Inc.
SAVAGE, MN--(Marketwire - July 25, 2007) - GreenMan Technologies, Inc. (OTCBB : GMTI ), a
leading recycler of over 12 million scrap tires per year in the United
States, announced the Company has retained Institutional Marketing Services
("IMS") (www.institutionalms.com), a full service investor relations firm.
Lyle Jensen, Chief Executive Officer of GreenMan, stated, "Our Company has
weathered some challenging times and is now poised to reassert its unique
position as one of the country's only publicly traded tire recyclers. We
recognize the growing opportunities within our industry and are focused on
pursuing technological processes and marketing programs designed to
maximize the transformation of recycled materials into renewable fuel,
alternative energy, reusable feedstock and innovative recycled products.
As we move forward, we are pleased to be working with IMS, a firm
well-suited to assist us in communicating our company's vision and
achievements given their extensive experience developing and implementing
strategic investor relations programs."
John Nesbett, Founder and President of IMS, commented, "GreenMan
Technologies is at the final stages of executing an impressive turnaround
that has strengthened the Company and resulted in organic revenue growth,
expanding margins and improved cash flow. The Company is now in a solid
position to strengthen its leadership position as a regional tire recycler
while expanding its focus to include the development and production of new
tire derived products as well as other potential recycled materials. We
look forward to conveying the company's reemergence and vision for the
future to a broader investor audience."
About GreenMan Technologies
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.
About Institutional Marketing Services (IMS)
Institutional Marketing Services, Inc. (IMS) is a full-service investor
relations firm that offers a fresh and sensible approach to building reach
in the investment community. The mission of the firm is simple: to make
investor relations strategic and measurable. IMS provides a level of
objective and subjective targeting analysis unmatched in the industry and
strategic consulting rooted in many years of experience helping public
companies amplify their message to Wall Street.
"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.