MVCO Meadow Valley (MM)

MEADOW VALLEY CORPORATION (NASDAQ:MVCO) announced today that it has been awarded new construction contracts valued at a total of approximately $29.3 million, and that it is the apparent low bidder on a $67.9 million contract. The new contracts include a $15.2 million award from the city of North Las Vegas, Nevada, to construct the Gowan outfall drainage feature, and a $4.6 million contract to improve drainage at the City's airport. Meadow Valley also was awarded a $2.0 million project by the City of Henderson, Nevada, to improve taxi lanes at the Henderson Airport. In addition, the Company was awarded a design-build project with a private client to construct approximately $7.5 million in paving improvements in Phoenix, Arizona. All of these new contracts are expected to be completed in 2008. Meadow Valley also announced that it was the apparent low bidder on a $67.9 million contract with the Arizona Department of Transportation to improve I-17 in Phoenix from the Loop 101 interchange to Jomax Road. The work includes widening I-17 from four lanes to eight lanes, reconstructing one interchange with new bridges, and widening four existing bridges. The contract is expected to be awarded on December 21, 2007. About Meadow Valley Meadow Valley Corporation, based in Phoenix, Arizona, is engaged in the construction industry as both a contractor and a supplier of construction materials. The Company's construction services segment specializes in structural concrete construction of highway bridges and overpasses, and the paving of highways and airport runways, primarily in Nevada and Arizona. The Company's construction materials operations provide concrete and gravel products primarily to other contractors. The Company's materials operations are concentrated in Southern Nevada and Arizona. Forward-Looking Statements Certain statements in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including the following: changes in demand for the Company's products and services, product mix, the timing of new orders and contract awards, the impact of competitive products and pricing, excess or shortage of production capacity, and other risks discussed from time to time in the Company's Securities and Exchange Commission filings and reports, including the Company's Annual Report on Form 10-K for the year ended December 31, 2006. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic economic conditions. Such forward-looking statements speak only as of the date on which they are made and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.