Meadow Valley Awarded New Construction Contracts Totaling $11.4 Million

  
    
  
  
    
      Meadow Valley Corporation (NASDAQ:MVCO) announced today that it 
      has been awarded new construction contracts valued at a total of 
      approximately $11.4 million.
    
    
      The awards include a $6.7 million contract by Clark County Department of 
      Aviation to perform improvements on an overflow parking for the new 
      rental car facility at McCarran International Airport in Las Vegas.
    
    
      The Company also was awarded $4.2 million in contracts from three 
      private owners involving construction of a bridge for a residential 
      development and other site and street improvements.
    
    
      In addition, Meadow Valley won its first design-build contract, a $0.5 
      million award from Navajo County, Arizona, to design and construct a 
      new, wider bridge on Cholla Lake Road in Joseph City, Arizona. The 
      design team partner for the project is T.Y. Lin International (www.tylin.com), 
      a global engineering and design firm based in San Francisco. "This small 
      contract represents a low-risk opportunity for us to test the 
      design-build model for project delivery. We hope this first contract 
      creates additional opportunities for Meadow Valley," said Chief 
      Executive Officer Bradley Larson.
    
    
      All of these new projects are scheduled to be completed before December 
      31, 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 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, 2005 and quarterly 
      report on Form 10-Q for the three months ended September 30, 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.