WCT Wood Composite Technologies Inc.

EDMONTON,AB, Aug. 9, 2012 /CNW/ - Wood Composite Technologies Inc. (the "Company") is pleased to announce the release of its financial and operating results for the six months ended June 30, 2012 ("the Interim Financial Statements").  The Interim Financial Statements have been filed via SEDAR and are accessible at www.sedar.com. The Company also reports that at the recently held annual and special meeting of shareholders all matters of business presented were passed with overwhelming support from the shareholders present in person and by proxy.  That included two special resolutions, one relating to the reduction of stated capital by the Company and the other relating to the dissolution of the Company. Accordingly, the Company plans to pay a special distribution to shareholders presently estimated at $0.044 per share, subject to regulatory approval.  The distribution is intended to be a return of capital. The Company plans to issue an additional press release relating to the record date and the timing of payment of the distribution which is anticipated occur within 6 weeks.  It is further expected that the Company will proceed to dissolve on or about the time of the distribution. 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 utilizes recycled post industrial materials. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Wood Composite Technologies Inc. CONTACT: John GreenwoodPresident and Chief Executive OfficerTelephone: (780) 908-3130Facsimile: (780) 427-3725Website: www.woodcomp.com

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