Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: xbrent who wrote (11991)	2/17/1999 9:20:00 AM
From: RCJIII	Respond to of 25711

Greenman (GMTI) news is out, read below- (BSNS WIRE) GreenMan Tech. Signs Investment Banking and Corp. Financing GreenMan Tech. Signs Investment Banking and Corp. Financing Agreement With Schneider Sec. to Support Its Internal-Growth as Well as Mergers-and-Acquisitions Strategy Business Editors LYNNFIELD, Mass.--(BUSINESS WIRE)--Feb. 17, 1999--GreenMan Technologies Inc. (Nasdaq:GMTI)(Nasdaq:GMTW)(BSE:GMY)(BSE:GMYW) today reported that it has signed an investment banking and corporate financing agreement with Denver-based Schneider Securities Inc. Schneider Securities, founded in 1985, is a full-service national investment bank and corporate finance firm with 25 offices across the U.S., offering a wide array of products and services. Schneider Securities originates public and private placement offerings, as well as mergers and acquisitions, including companies in high technology, telecommunications, energy, healthcare and special niche industries. "We are very impressed by GreenMan's turnaround momentum. The Company's financial results for the first quarter of fiscal 1999 showed revenues increased by 50 percent and operating profit was more than 100 percent better than the operating profit reported in their four-month transition period. We are very confident that GreenMan's management team not only will continue to move the Company forward, but also attract capital as well," said David J. Mura, senior vice president for corporate finance, Schneider Securities. "We are pleased to consummate a long-term relationship with a well-respected investment banking firm such as Schneider Securities. This relationship, certainly, will be a critical factor in achieving our aggressive-growth plans," said Robert H. Davis, president and chief executive officer of GreenMan Technologies. In exchange for the services to be provided by Schneider Securities, GreenMan Technologies has agreed to pay to Schneider Securities cash compensation, and to issue to Schneider Securities unregistered shares of GMTI common stock that will be locked up for 18 months, and warrants -- more than half of which will be exercisable after the first anniversary of the agreement, and the remainder exercisable after the second anniversary. Already the second-largest U.S. scrap tire-recycler, GreenMan Technologies intends to become the leading company in the industry. "Safe Harbor" Statement: Under the Private Security Litigation Reform Act With the exception of the historical information contained in this 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 product acceptance, economic, competitive, governmental, results of litigation, 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 report on Form 10-Q for the quarter ended December 31, 1998. The Company disclaims any intent or obligation to update these forward-looking statements. Visit the GreenMan Technologies Web site on the Internet -- greenman-tech.com --30--mb/bos* CONTACT: Ronald Trahan Associates Inc. GreenMan Technologi