SOURCE: Deer Valley Corporation

March 19, 2008 08:30 ET

Deer Valley Corporation Advances Its Modular Commitment With Key Management Addition

TAMPA, FL--(Marketwire - March 19, 2008) - Deer Valley Corporation ("Deer Valley" or the "Company") (OTCBB: DVLY) today announced that the Company has hired Brad Bolding, a well known and highly respected sales executive in the factory built housing market. At Deer Valley, Mr. Bolding will fill the newly created position of Director of Modular Development. Mr. Bolding's primary responsibility will be to lead the Deer Valley team in further developing its modular product line and implementing creative marketing strategies to allow the Company to reach a greater share of the modular and emergency relief housing market.

Prior to joining Deer Valley, he was sales manager for the Odyssey Group with oversight of branches in Alabama, Georgia and Florida. Mr. Bolding held previous sales positions with Sunbelt Wood Components in Waco, Texas and Baxter, Tennessee and Weyerhaeuser Corporation in Tuscumbia, Alabama. He graduated from Mississippi State with a Bachelor of Science Degree with a focus on Wood Technology.

Joel Logan, President of Deer Valley Homebuilders, Inc. commented, "Brad has solid industry knowledge, a passion for the industry and the personal integrity to fit well into our corporate culture. When we make an addition to our staff, we seek to find highly motivated people with a proven reputation for performance. Brad is just such a person, and we welcome him aboard. We look forward to his making a major contribution to Deer Valley's future growth in the modular arena."

About Deer Valley

Deer Valley is a growth-oriented manufactured home builder with corporate 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.

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