SAVAGE, MN--(Marketwire - October 30, 2007) - GreenMan Technologies, Inc. (
OTCBB:
GMTI), a
leading recycler of over 12 million scrap tires per year in the United
States, was recently named as one of the 50 Best Small Public Companies in
Minnesota by the Minneapolis-St. Paul Business Journal. GreenMan was ranked
17th by the publication, which compiles the list annually by evaluating the
performance of Minnesota-based public companies in five categories: growth
in revenue (two categories); growth in net income; return on revenue and
return to shareholders. Each of the five categories was assessed
individually and then those rankings were combined to determine the overall
standings. This is GreenMan's first appearance on the Best Performers
list.
About GreenMan Technologies
GreenMan Technologies pursues technological processes and unique marketing
programs to transform recycled materials into renewable fuel, alternative
energy, recycled feedstock, and innovative recycled products. Over twelve
million tires are collected and recycled annually into tire-derived fuel,
tire-derived aggregate, and crumb rubber feedstock for playground, athletic
track and field, and road surfacing. Through the company's Welch 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. To learn more about all of the
companies, please visit the following websites:
www.greenman.biz
www.welchproducts.com
www.nssi-usa.com
www.playtribe.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 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 sustained profitability, our ability to successfully integrate
the recent Welch Products acquisition and realize the anticipated benefits,
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.
Contact Information: Contacts:
Chuck Coppa
CFO
GreenMan Technologies
800-526-0860
John Nesbett
Institutional Marketing Services, Inc.
203-972-9200