Acquisition of securities of Wood Composite Technologies Inc.


    NISKU, AB, Feb. 29 /CNW/ - Kenneth Longacre has acquired 4,000,000 common
shares ("Common Shares") of Wood Composite Technologies Inc. ("WCT") (being
approximately 9.0% of the issued and outstanding Common Shares) at a price of
$0.15 per share. After giving effect to the acquisition, Mr. Longacre holds
7,163,700 Common Shares (being approximately 16.2% of the issued and
outstanding Common Shares).
    The acquisitions took place pursuant to a private placement announced by
WCT on February 11, 2008 ("Private Placement").
    If the full amount of the Private Placement is subscribed for, including
the over-allotment option as described in the February 11, 2008 press release
of WCT, Mr. Longacre would hold 7,163,700 or 9.0% of the issued and
outstanding Common Shares.
    Mr. Longacre's interest in WCT is for investment purposes only.
Mr. Longacre has no current intention of maldng a take-over bid for WCT.
Mr. Longacre reserves the right from time to time to purchase additional
Common Shares of WCT or to dispose of Common Shares held by Mr. Longacre as
circumstances warrant.

For further information:

For further information: Kenneth Longacre, 2632 Mohawk Circle, West Palm
Beach, FL, 33409, U.S.A., Phone: (561)687-5349

Organization Profile

Wood Composite Technologies Inc.

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890