WCT Wood Composite Technologies Inc.

NISKU, AB, April 1 /CNW/ -- NISKU, AB, April 1 /CNW/ - Wood Composite Technologies Inc. (TSXV: WCT) (the "Company") announced it has entered into an agreement to sell its Nisku property. The Company has agreed to sell its pellet mill plant location in Nisku, Alberta, along with certain pieces of production equipment to DiCorp Properties Inc. for gross proceeds of $2,325,000 cash.  Real estate commissions totaling 3% of the purchase price will be paid in connection with the sale to Avison Young Real Estate Alberta Inc. The agreement is subject to a number of conditions including the Company obtaining shareholder approval.  In connection with the sale, the Company will need to identify a new location for its executive offices.  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 TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/April2011/01/c8702.html p /p p align="justify" John Greenwoodbr/ President and Chief Executive Officerbr/ Telephone: (780) 955-3525br/ Facsimile:  (780) 955-7075 /p p align="justify" Website: a href="http://www.woodcomp.com"www.woodcomp.com/a /p

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