SOURCE: Deer Valley Corp.

February 12, 2010 08:30 ET

Deer Valley Corporation Makes Further Move to Improve Shareholder Value

TAMPA, FL--(Marketwire - February 12, 2010) - Deer Valley Corporation, ("Deer Valley" or the "Company") (OTCBB: DVLY), reported today that the Company's Board of Directors has taken another in its recently announced series of strategic steps which are designed to improve shareholder value. In this step, the Board moved to expand the scope of the Company's search for new products and potential acquisition targets. Under the expanded criteria, the Company's search will include candidate business combinations that may only tangentially relate to the factory built housing industry such as investments in finance and insurance companies that serve manufactured home buyers. Equal focus will be placed on potential acquisition candidates whose products may be entirely unrelated to housing but whose operations could profitably utilize the Company's idled plant capacity and the work force that is known to the Company to be readily available in northwestern Alabama.

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 likelihood that discussions with third parties referred to in this press release will not progress beyond preliminary negotiations. 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," "seeking," "pursuing," "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.

About Deer Valley

Deer Valley is a growth-oriented manufactured home builder with headquarters in Tampa, Florida and operations in Guin, Alabama. The Company is dedicated to offering high quality homes that are delivered with a sense of warmth, friendliness, and personal pride. The Company also owns one idle plant in Sulligent, Alabama.

The corporate offices of Deer Valley Corporation are located at 3111 W. Dr. MLK Blvd., Tampa, Florida 33607.

Additional information can be found at: http://www.deervalleycorp.com.

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