GreenMan Technologies Awarded Contract to Cleanup Several Iowa Tire Disposal Sites

SAVAGE, Minn.--GreenMan Technologies, Inc. (OTCBB: GMTI), a leading recycler of over 14 million scrap tires per year in the United States, today announced the Iowa Department of Natural Resources has awarded GreenMan’s Iowa subsidiary the contract to cleanup scrap tires located at various sites throughout Iowa during the next five months.

Mark Maust, President of GreenMan of Iowa said, “We are very pleased the Iowa Department of Natural Resources has chosen us to complete this cleanup project.” Mr. Maust added, “We anticipate commencing the project during November on a limited basis with a majority of the work to be completed during the December through March 2007 timeframe. This coincides with our seasonally slower time of the year. We estimate this cleanup project will generate approximately $400,000 of new accretive revenue and will be recycled into alternative fuel and other value-added material for Iowa industries”.

GreenMan was founded in 1992 and today operates facilities in Iowa and Minnesota which collect, process and market over 14 million scrap tires in whole, shredded or granular form. Our products are used as an efficient alternative fuel by pulp and paper producers and electric utilities; as a substitute for crushed stone in civil engineering applications, such as road beds, landfill and septic field construction; or as crumb rubber which is used for playground and athletic surfaces, running tracks and landscaping/groundcover applications. To learn more, please visit our web site at www.greenman.biz.

"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 possibility that the delisting of our stock by the American Stock Exchange could substantially limit our stock’s future liquidity and our ability to raise capital, 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 30,2006. The Company disclaims any intent or obligation to update these "forward-looking" statements.