9/4/2007 - Deer Valley Corporation Successfully Completes Deliveries of Two-Bedroom Cottages and Begins Deliveries of the Larger Three-Bedroom Units to State of Mississippi
TAMPA, FL -- (MARKET WIRE) -- 09/04/07 -- Deer Valley Corporation ("Deer Valley" or the "Company") (OTCBB: DVLY) is pleased to announce that production of the fifty two-bedroom cottages required to be delivered under an initial contract with the State of Mississippi (the "Buyer") has been completed. The Company has now reloaded the production line and begun deliveries of three-bedroom units that are required under contract with the same Buyer. Production of one hundred three-bedroom units is expected to be completed on or about September 30, 2007, well ahead of the contract requirements.
Mr. Joel Logan, President of the Company's operating subsidiary, Deer Valley Homebuilders, Inc., commented, "We are pleased to have had the opportunity to work with the State of Mississippi on this pilot contract. This project has presented some interesting challenges as our staff adapted procedures to deal with new materials, different fabrication techniques, and new administrative processes necessary to facilitate a smooth interface with the Buyer. Deer Valley is fortunate to have a team of dedicated people who have risen to meet these challenges with creativity, enthusiasm and a commitment to quality. We sincerely hope the people that occupy these cottages will be as proud of their homes as we are! We look forward to continuing to serve the people of the State of Mississippi and the entire Gulf Coast by providing additional storm recovery cottages as well as continuing to provide the heavy built homes that constitute our standard product line."
About Deer Valley
Deer Valley is a growth-oriented manufactured home builder with headquarters in Tampa, Florida and operations in Guin and Sulligent, Alabama. The Company is dedicated to offering high-quality homes that are delivered with a sense of warmth, friendliness, and personal pride. The Company is relatively young, but the management team has over 250 years of combined industry experience from various backgrounds including general management, production, sales, customer service, and finance. All of the Company's plants are operating on a five days per week, single shift schedule. The Company has no idle facilities.
Forward-Looking-Statement: Except for factual statements made herein, the information contained in this press release consists of forward-looking statements that involve risks and uncertainties, including the effect of changing economic conditions, competition within the manufactured home industry, customer acceptance of products, fulfillment of contracts with key customers, and other risks and uncertainties. Such forward-looking statements are not guarantees of performance, and Deer Valley's results could differ materially from those contained in such statements. You can generally identify forward-looking statements through words and phrases such as "forecast," "seek," "anticipate," "believe," "estimate," "expect," "intend," "plan," "budget," "project," "may be," "may continue," "may likely result," and similar expressions. Such forward-looking statements speak only as of the date of this release, and Deer Valley undertake no obligation to publicly update any forward-looking statements to reflect new information, events or circumstances after the date of this release.
The corporate offices of Deer Valley are located at 4218 West Linebaugh Avenue, Tampa, FL 33624.
Additional information can be found at: http://www.deervalleycorp.com.
Investor Relations Consulting Group
Deer Valley Corporation
Charles G. Masters
State of Mississippi Web Site: www.mscottage.org