SOURCE: Deer Valley Corporation

October 03, 2007 08:30 ET

Deer Valley Corporation Successfully Completes Mississippi Cottage Contract and Resumes Production of Larger Standard Product Line Homes

TAMPA, FL--(Marketwire - October 3, 2007) - Deer Valley Corporation ("Deer Valley" or the "Company") (OTCBB: DVLY) is pleased to announce that the Company has successfully completed the production and delivery of all one-hundred-fifty two and three bedroom cottages required to be delivered under the previously announced contracts with the State of Mississippi (the "Buyer"). The Company has now reloaded the production line at the Company's headquarters plant in Guin, Alabama and resumed delivery of the homes which constitute the largest units in the Company's proprietary product line.

Mr. Charles G. Masters, President of Deer Valley, is quoted as saying, "We were particularly pleased with the results of this project because it graphically demonstrated our capability to rapidly convert our production operations to accommodate short term demands for a large quantity of specialty modular housing units. We believe that the uniformly high quality of our Mississippi cottages combined with our prompt delivery of these pilot units will help create opportunities for additional contracts from storm damaged regions and large project developers. It has been our privilege to participate in the early phase of this experimental program, and we expect to continue to aggressively seek similar contract opportunities."

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.

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