Acquisition of Securities of Wood Composite Technologies Inc.

    CALGARY, Nov. 7 /CNW/ - Michael G. Greenwood has acquired 276,500 common
shares ("Common Shares") of Wood Composite Technologies Inc. ("WCT") (being
approximately 0.7% of the issued and outstanding Common Shares) at prices of
between $0.20 and $0.245 per share. After giving effect to the acquisition,
Mr. Greenwood holds 3,959,666 Common Shares (being approximately 10.6% of the
issued and outstanding Common Shares).
    The acquisitions took place through the facilities of the TSX Venture
    Mr. Greenwood's interest in WCT is for investment purposes only. Mr.
Greenwood has no current intention of making a take-over bid for WCT. Mr.
Greenwood reserves the right from time to time to purchase additional Common
Shares of WCT or to dispose of Common Shares held by Mr. Greenwood as
circumstances warrant.

For further information:

For further information: Michael G. Greenwood, No. 240, 600 - 6th Avenue
S.W., Calgary, AB, T2P 0S5, Phone: (403) 234-0501

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Wood Composite Technologies Inc.

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