Meadow Valley Awarded New Construction Contracts Totaling $47.5 Million

  
    
  
  
    
      Meadow Valley Corporation (NASDAQ:MVCO) announced today that it 
      has been awarded three new construction contracts by the Arizona 
      Department of Transportation valued at a total of approximately $47.5 
      million.
    
    
      Meadow Valley won a $40.2 million contract to construct three new 
      precast concrete girder bridges and new High Occupancy Vehicle (HOV) 
      lanes by widening the existing median on the SR 51 Piestewa Freeway in 
      Phoenix. Approximately 40% of this project is scheduled to be completed 
      in 2007 with the balance to be completed by October 2008.
    
    
      The second contract for approximately $5.8 million entails milling and 
      removing existing asphalt paving and installing new asphalt paving on SR 
      347 in Maricopa County, Arizona. This project is scheduled to be 
      completed in 2007.
    
    
      The third contract is a $1.5 million bridge widening project near 
      Winslow, Arizona. Meadow Valley will upgrade and modify an existing 
      two-span steel bridge to a single span bridge. Approximately 80% of this 
      contract is scheduled to be completed in 2007 with the balance to be 
      completed by May 2008.
    
    
      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, 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.