GreenMan Technologies, Inc. Receives Approval To Commence Trading On The OTCBB Under ''GMTI''

LYNNFIELD, Mass.--June 21, 2006--GreenMan Technologies, Inc. (OTCBB: GMTI) a leading recycler of almost 20 million scrap tires per year announced today that it has been approved to commence trading on the OTC Bulletin Board ("OTCBB") under symbol "GMTI" effective with the opening of trading, today, June 21, 2006. In order to find the Company's information through online financial websites it maybe necessary to enter "GMTI.OB".

"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 resulting effects of the AMEX's suspension of trading in the Company's common stock and the pending delisting, 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 March 31,2006. The Company disclaims any intent or obligation to update these "forward-looking" statements.