GRNTF iPath Global Carbon (PK)

GreenMan Technologies, Inc. (AMEX:GRN changing to GMTI) a leading recycler of almost 20 million scrap tires per year announced today that it has been issued a new ticker symbol (GMTI) and effective with the opening of trading on June 15, 2006, will be quoted under the new symbol on the Pink Sheets. In order to find the Company's information through online financial websites it maybe necessary to enter "GMTI.PK". The Company believes its common stock is eligible for quotation on the OTC Bulletin Board (OTCBB), subject to a market maker establishing a market in the Company's common stock on such quotation service under applicable OTCBB rules. The Company has been advised by several market makers of their interest in sponsoring the quotation of the Company's common stock on the OTCBB. The Company will announce when its common stock has been cleared for quotation on the OTCBB. As previously announced (See June 8, 2006 press release) trading of the GreenMan's common stock on the American Stock Exchange ("AMEX") will be suspended after the close of trading on June 14, 2006 and the AMEX will proceed with filing an application with the Securities and Exchange Commission to strike GreenMan's common stock from listing on the AMEX. "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 delising, 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.