Wood Composite announces release of September 30, 2007 Annual Financial Statements



    /NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. NEWSWIRES/

    NISKU, AB, Jan. 29 /CNW/ - Wood Composite Technologies Inc. ("Wood
Composite" or the "Company") is pleased to announce the release of its
financial and operating results for the twelve months ended September 30, 2007
("the Annual Financial Statements"). The Annual Financial Statements have been
filed via SEDAR and are accessible at www.sedar.com.

    About Wood Composite

    Wood Composite is an Edmonton, Alberta based junior industrial company
focused on the development, manufacture and sale of alternative composite
building materials. Wood Composite has been marketing its business via
Millennium Decking Inc., which is a wholly owned subsidiary of Wood Composite.
Wood Composite maintains certain patents and processes that are proprietary to
the Company which combine recycled polyvinyl chloride (PVC) and wood flour to
produce a unique, attractive, durable and low maintenance exterior decking
product. Wood Composite is listed on the TSX Venture Exchange under the symbol
"WCT".

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





For further information:

For further information: John Greenwood, President and Chief Executive
Officer, Telephone: (780) 955-3525, Facsimile: (780) 955-7075, Websites:
www.mdecking.com and www.woodcomp.com

Organization Profile

Wood Composite Technologies Inc.

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