GreenMan Technologies Fiscal 2008 Yearend and Fourth Quarter Financial Release and Conference Call Alert

CARLISLE, IA--(Marketwire - January 16, 2009) - GreenMan Technologies, Inc. (OTCBB: GMTI), today announced that it plans to release the results for its fourth fiscal quarter and year ended September 30, 2008 on Tuesday, January 20, 2009, before the market opens. GreenMan will host a conference call later that morning at 10:00 AM EST in which we will discuss the results for the quarter and fiscal year ended September 30, 2008. To participate, please call 1-877-718-5099 and ask for the GreenMan call using passcode 5743380. A replay of the conference call can be accessed until 11:50 PM on February 20, 2009 by calling 1-888-203-1112 and entering pass code 5743380.

About GreenMan Technologies

GreenMan Technologies pursues technological processes and unique marketing programs to transform recycled materials into innovative recycled products, renewable fuel and alternative energy. Through GreenMan's subsidiary, Welch Products, the company develops and markets branded products and services that provide schools and other political subdivisions viable solutions for safety, compliance and accessibility. The Company's other subsidiary, GreenMan Renewable Fuel and Alternative Energy pursues opportunities focused on the commercialization of products and processes derived from green-based technologies. To learn more about all of the companies, please visit the following websites: 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 Quarterly Report on Form 10-QSB for the fiscal period ended June 30, 2008. The Company disclaims any intent or obligation to update these "forward-looking" statements.