GreenCell, Inc. Announces New Overseas Vendors for Rare Earth Materials

GreenCell, Incorporated (OTCBB:GCLL) today announced the development of several overseas based suppliers for its rare earth material demands. Recent worldwide artificial increases in rare earth material costs have begun to stabilize. GreenCell is developing multiple vendors to ensure price and supplier options for use with its igniter and automotive product applications. In addition, several new vendors are currently being qualified for acceptance with help from GreenCell's Joint Venture partner General Automotive (OTCBB:GNAU).

About GreenCell, Incorporated

GreenCell is engaged in a joint venture with SenCer Inc. to develop, commercialize and market SenCer's UltraTempTM ceramic composite materials for Home and Transportation applications. GreenCell has identified multiple industries with significant commercial applications with potential revolutionary results. Some of the many applications for this technology are SOFC Fuel Cells, Igniters, Braking, Oxygen Sensors, and Ceramic Heaters.

The GreenCell, Incorporated logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11206

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the Company's current plans and expectations, as well as future results of operations and financial condition. Specifically, the Company's ability to raise additional capital, execute its business plan and strategy, sustain or increase gross margins, achieve profitability and build shareholder value are forward looking statements. A more extensive listing of risks and factors that may affect the Company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the Company with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT: GreenCell, Incorporated
         Paula Bausman, Investor Relations
         p. 407.363.5633
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