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GreenMan Technologies First Quarter Financial Release and Conference Call Alert
CARLISLE, IA, Feb 09, 2010 (MARKETWIRE via COMTEX) --
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.
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
SOURCE: GreenMan Technologies
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