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GreenMan Technologies to Present at the Source Capital Group Small Cap Virtual Conference


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CARLISLE, IA--(Marketwire - May 13, 2010) - GreenMan Technologies, Inc. (OTCBB: [ GMTI ]), announced today that Lyle Jensen, Chief Executive Officer, will be presenting at the Source Capital Group Small Cap Virtual Conference at 9:30 a.m. Eastern time on Wednesday, May 19, 2010. The presentation will provide a corporate overview including a Company update and future outlook.

The Source Capital Group Small Cap Virtual Conference will showcase emerging small and micro cap companies in a live forum with a question and answer session to follow the presentation. The virtual conference will be held from May 18-19, 2010 and will be broadcast at the conference website ([ http://sourcegrp.com/conference/confsect2.html ]). Shareholders, potential investors, analysts, brokers, and industry professionals are encouraged to attend by visiting the conference website.

Investors interested in additional information or scheduling a one-on-one conversation with GreenMan Technologies can visit [ www.sourcegrp.com/conference/confsect6.html ] or contact Matthew Buttner at [ MButtner@sourcegrp.com ] 203-341-3500 ext. 237.

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 dual 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 an average of 45%-65% 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, Inc. 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 ].

About Source Capital Group, Inc.

Source Capital Group, Inc. is a full-service financial institution, specializing in middle-market investment banking transactions, distressed and high yield debt securities, investment management, mortgages, and business lending. Source has provided equity, debt, and structured finance solutions to both public and private companies in a variety of industries, including energy, oil and gas, telecommunications, technology, biotech, and consumer goods. Source Capital Group, Inc. was founded in 1992 and is headquartered in Westport, Connecticut. Member FINRA/SIPC. To learn more about Source Capital Group, please visit: [ www.sourcegrp.com ].


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