As previously disclosed, due to significant continued operating losses,GreenMan Technologies of Georgia, Inc. ceased operations during early 2006and disposed of all remaining assets in March 2006. All of the proceedsreceived from that disposition of assets were retained by our securedlender and GreenMan Technologies of Georgia, Inc. has no assets. As aresult of this filing, and the ultimate deconsolidation of the subsidiaryfrom GreenMan Technologies, Inc. for financial reporting purposes, theCompany anticipates recognizing a one-time, non-cash miscellaneous gainfrom discontinued operations of approximately $2.4 million. The Companydoes not anticipate any additional material impact to its business.

About GreenMan Technologies

GreenMan Technologies pursues technological processes and unique marketingprograms to transform recycled materials into renewable fuel, alternativeenergy, recycled feedstock, and innovative recycled products. Over twelvemillion tires are collected and recycled annually into tire-derived fuel,tire-derived aggregate, and crumb rubber feedstock for playground, athletictrack and field, and road surfacing. Through GreenMan's subsidiary, WelchProducts, the company develops and markets branded products and servicesthat provide schools and other political subdivisions viable solutions forsafety, compliance, and accessibility. To learn more about all of thecompanies, 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 newsrelease, the matters described herein contain "forward-looking" statementsthat involve risk and uncertainties that may individually or collectivelyimpact the matters herein described, including but not limited to thepossibility that we may not be able to secure the financing necessary toreturn to sustained profitability, our ability to successfully integratethe 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, technologicaland/or other factors outside the control of the Company, which are detailedfrom time to time in the Company's SEC reports, including the QuarterlyReport on Form 10-QSB for the fiscal period ended March 31, 2008. TheCompany disclaims any intent or obligation to update these"forward-looking" statements.