NISKU, AB, May 28 /CNW/ - Wood Composite Technologies Inc. (TSX-V: WCT)
(the "Company") announced with regret, that Mr. Kenneth Longacre, a
non-executive director of the Company died on May 6, 2009 after a battle with
pancreatic cancer. Mr. Longacre had served as a director of the Company since
February 1, 1999.
Mr. Longacre acted as Chairman of Farm & Home Oil Company, based in
Telford, Pennsylvania until December of 2007. He acquired the company in 1990
and acted as its Chief Executive Officer until 1999. The company was one of
the largest independent distributors of motor fuels, heating oil and propane
in its region. The business operates four pipeline terminals as well as a
direct serve business. In December of 2007, Farm & Home Oil Company was sold
to Buckeye Partners LP (NYSE: BPL). Prior to purchasing Farm & Home Oil
Company, Mr. Longacre was president of Wampler-Longacre, Inc. from 1984 to
1990. Following the sale of Farm & Home, Mr. Longacre purchased Alderfer
Premium Meats in Harleysville, Pennsylvania which shortly after merged with
Leidy's Inc., a provider of pork products.
John Greenwood, President and CEO said "On behalf of the rest of Wood
Composite's board of directors and all of our employees, we would like to
express our most sincere condolences to the Longacre family at this time and
to thank Ken for his longstanding strong support of and service to the
Company. Ken has been a very valuable contributor to the company, board and
for me personally, we will miss greatly his very active participation and the
valued advice he has provided."
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 through its
wholly-owned subsidiary, Millennium Decking Inc.
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