GreenMan Technologies, Inc. Announces Stock Purchases By Outside Board Members and Senior Management; Over 1 Million Shares Pur

GreenMan Technologies, Inc. (AMEX: GRN) a leading
recycler of approximately 20 million scrap tires per year in the
United States, today announced that on June 5, 2006 its outside
directors in conjunction with several officers agreed to convert
approximately $83,000 of amounts due them into approximately 229,000
unregistered shares of GreenMan's common stock at the closing price on
June 5, 2006.
   GreenMan's outside directors, Dr. Allen Kahn, Nicholas
DeBenedictis and Lew Boyd, agreed to convert approximately $58,000 of
amounts due them into approximately 160,000 shares of unregistered
GreenMan common stock. In addition Chairman, Maury Needham, CEO, Lyle
Jensen and CFO, Chuck Coppa agreed to convert approximately $25,000 of
amounts due them into approximately 69,000 shares of unregistered
GreenMan common stock.
   Maury Needham, GreenMan's Chairman of the Board of Directors,
stated, "During the past 60 days since we announced Lyle Jenson's new
role as President and Chief Executive Officer, our Board of Directors
and senior management have purchased over 1 million unregistered
shares of GreenMan's common stock with a full appreciation that
today's delisting announcement could be a possibility. These actions,
clearly underscore the ongoing long term commitment of our Board of
Directors and senior management team in the future viability and
prosperity of GreenMan."

   "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 pending delisting
of our common stock by the American Stock Exchange, 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.