Meadow Valley (MM) (NASDAQ:MVCO)
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From Jan 2020 to Jan 2025
Meadow Valley Corporation (NASDAQ:MVCO) announced today
that it has been awarded a new heavy construction contract with Clark
County, Nevada that totals approximately $44.4 million. The project,
located in Las Vegas, Nevada, involves structural concrete soundwalls,
one bridge, roadway widening, underground utilities and paving of a
portion of the Bruce Woodbury I-215 Beltway.
The project is expected to break ground in September and will take
about sixteen months to complete. Approximately $6 million of the new
contract will be completed before December 31, 2006, with the balance
carrying forward.
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 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,
2004 and quarterly report on Form 10-Q for the three months ended
September 30, 2005. 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.