GreenMan Technologies Inc. announced consolidated earnings results for the third quarter and nine months ended June 30, 2009. Net sales from continuing operations for the three months ended June 30, 2009 decreased $435,000 or 49% to $451,000 as compared to net sales of $886,000 for the three months ended June 30, 2008. The decrease is primarily attributable to decreased playground tile and equipment sales in the Midwestern and Western regions of the United States due to a general economic slowdown during fiscal 2009 in the United States. Loss from continuing operations after income taxes increased $207,000 to $726,000 for the three months ended June 30, 2009 as compared to $519,000 for the three months ended June 30, 2008. Net loss for the three months ended June 30, 2009 was $689,000 or $0.02 per basic share as compared to net income of $2,992,000 or $0.10 per basic share for the three months ended June 30, 2008. For the quarter, the quarter, the company reported operating loss from continuing operations of $758,000 and loss after tax of $726,000 compared with operating loss from continuing operations of $449,000 and loss after tax of $519,000 for the same period a year ago. Net sales from continuing operations for the nine months ended June 30, 2009 decreased $883,000 or 42% to $1,211,000 as compared to net sales of $2,094,000 for the nine months ended June 30, 2008. The decrease is primarily attributable to decreased playground tile and equipment sales in the Midwestern and Western parts of the United States due to a general economic slowdown during fiscal 2009 in the United States. Loss from continuing operations after income taxes increased $749,000 to $2,620,000 for the nine months ended June 30, 2009 as compared to $1,871,000 for the nine months ended June 30, 2008. Net income for the nine months ended June 30, 2009 was $12,083,000 or $0.39 per basic share as compared to net income of $2,130,000 or $0.07 per basic share for the nine months ended June 30, 2008. For the nine months, the quarter, the company reported operating loss from continuing operations of $2,602,000 and loss after tax of $2,620,000 compared with operating loss from continuing operations of $1,680,000 and loss after tax of $1,871,000 for the same period a year ago.

GreenMan Technologies Inc., Q3 2009 Earnings Call, Aug 12 2009

GreenMan Technologies Inc. announced that Kevin M. Tierney, Sr. will join the company's board of directors, effective July 1, 2009. Mr. Tierney has also been appointed Chairman of the Audit Committee. Since 2006, Mr. Tierney has served as the President and Chief Executive Officer of Saugusbank.