WOOD COMPOSITE ANNOUNCES RELEASE OF SEPTEMBER 30, 2010 INTERIM FINANCIAL STATEMENTS, DECISION TO CEASE ACTIVE OPERATIONS OF SUBS

NISKU, AB, Nov. 23 /CNW/ -- 
NISKU, AB, Nov. 23 /CNW/ - Wood Composite Technologies Inc. (TSX-V: WCT)
 (the "Company") announced the release of its financial and operating
 results for the nine months ended September 30, 2010 (the "Interim
 Financial Statements").  The Interim Financial Statements have been
 filed today via SEDAR and are accessible at www.sedar.com.


Further to its previous announcement on November 5, 2010 relating to
 management's actions to reduce expenses and preserve cash, the
 Company's Board of Directors has determined to cease all active
 operations for both of the Company's subsidiaries, Millennium Decking
 Inc. and Millennium Decking (USA) Inc.  At this time, management is
 exploring its options for producing and marketing its composite
 products.  In the interim, the Company will directly market its
 inventory.


The Company also announced that Mr. Peter Inglis has resigned as its
 Corporate Secretary and that John Greenwood, the President and CEO, has
 been appointed to the position.


About Wood Composite


Wood Composite is listed on the TSX Venture Exchange under the symbol
 "WCT" and maintains certain patents and processes that are proprietary
 to the Company which utilize recycled post industrial materials.  The
 Company presently manufactures and markets a composite decking system,
 Millennium Decking.


The TSX Venture Exchange does not accept responsibility for the adequacy
 or accuracy of this release.




pJohn Greenwoodbr/ President and Chief Executive Officerbr/ Telephone: [phone]br/ Facsimile:  [phone]/p p align="justify"Websites: a href="http://www.mdecking.com"www.mdecking.com/a and a href="http://www.woodcomp.com"www.woodcomp.com/a/p

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