Wood Composite Technologies Inc. (TSXV:WCT)
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From Jun 2019 to Jun 2024
NISKU, AB, Nov. 5 /CNW/ --
NISKU, AB, Nov. 5 /CNW/ - As previously announced, the Board of Wood
Composite Technologies Inc. (TSX-V: WCT) (the "Company") has authorized
management to identify and evaluate a range of strategic alternatives
aimed at maximizing shareholder value. In keeping with this directive,
management has taken a number of actions aimed at significantly
reducing expenses and preserving cash flow, including reducing staff
positions deemed surplus to its operating requirements while it
conducts this review.
In addition, the Company announced that Dennis Collins, President of
Millennium Decking Inc. and Millennium Decking USA Inc, has left to
pursue other interests, effective October 31, 2010. On behalf of the
Board and shareholders, John Greenwood, the Company's CEO, thanked Mr.
Collins for his dedication and service to the Company and wished him
well in his future endeavors. Mr. Collins will be available on a
consulting basis to the Company's management for an indefinite period.
About Wood Composite
Wood Composite Technologies Inc. is listed on the TSX Venture Exchange
under the symbol "WCT" and maintains certain patents and processes
proprietary to the Company that use recycled postindustrial materials.
The Company markets a composite decking system through its wholly owned
subsidiary, Millennium Decking Inc.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
p/p pJohn Greenwoodbr/ President and Chief Executive Officerbr/ Telephone: (780) 955-3525br/ Facsimile: (780) 955-7075/p pWebsites: a href="http://www.millenniumdecking.com"www.millenniumdecking.com/a and a href="http://www.woodcomp.com"www.woodcomp.com/a/p