Meadow Valley Corp. Wins $13.8 Million in New Contracts

Business Wire, June 26, 2000

Business Editors

PHOENIX--(BUSINESS WIRE)--June 26, 2000

Meadow Valley Corp. (Nasdaq:MVCO) today announced that it has won four new construction contracts with a total value of $13.8 million.

The first contract is a $4.8 million project in Las Vegas for the Nevada Department of Transportation. This work on SR 582 Boulder Highway at Flamingo Wash entails removing and reconstructing portions of the roadway and bridge structures, concrete channel lining and other drainage structures.

The second contract is for $3.6 million to upgrade and renovate sewer systems, including related grading and paving, for the city of Henderson, Nev.

The third contract is a $3.1 million job for the Arizona Department of Transportation to reconstruct freeway ramps and retaining walls on the ADOT's I-17/19th Avenue Traffic Interchange.

Meadow Valley also was the successful subcontractor on a project for the ADOT to construct several bridge structures and provide asphalt paving on SR 188 in central Arizona. Meadow Valley's work on this project is valued at approximately $2.3 million.

The company said that all four of these projects are expected to be completed by mid-2001.

About Meadow Valley

Meadow Valley, based in Phoenix, is engaged in the construction industry as both a contractor and a supplier of construction materials.

The company's contracting services specialize in structural concrete construction of highway bridges and overpasses, and the paving of highways and airport runways, while the company's materials operations provide concrete, gravel products and asphalt to itself and to other contractors.

The company's current operations are concentrated in Las Vegas, Phoenix and Salt Lake City metropolitan areas and in New Mexico.

The statements contained in this release that are not historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties, including, without limitation, demand and competition for the company's products and services, and other risks or uncertainties detailed in the company's Securities and Exchange Commission filings.