SOURCE: Deer Valley Corporation

March 26, 2007 08:30 ET

Deer Valley Corporation Announces Multifaceted Strategic Move Into the Modular Homes Market

TAMPA, FL -- (MARKET WIRE) -- March 26, 2007 -- Deer Valley Corporation ("Deer Valley" or the "Company") (OTCBB: DVLY) today announced that it has chosen the South Central Manufactured Housing Institute Show in Tunica, Mississippi to showcase its recent entry in the production and sale of modular homes. The show is scheduled to open on March 28, 2007. The new modular units of the type being displayed at the Tunica show are designed to be sold through the Company's existing dealer network.

As part of a strategic plan to extend its year over year growth rate, the Company plans to rapidly increase its involvement in the modular segment of the factory built housing industry. To accelerate its entry into the factory built housing industry, the Company is also currently considering the potential acquisition of one or more well established modular home manufacturers. The products of such targeted acquisition candidates are frequently sold to developers and established contractors where the manufacturer essentially acts as a major subcontractor. In addition to modular homes that will be sold under its own labels through locally based channels or direct to developers, the Company also plans to seek to enter into contracts to fabricate a series of private label modular homes that will be sold through specialized regional and national sales channels.

The Company notes that on a worldwide basis the demand for factory built homes is trending upward relative to site built houses. This growth is the result of the industry's ability to achieve more uniform quality; a greater degree of cost control; greater predictability of completion dates; and a reduction in the impact of adverse weather conditions when compared to site built houses. The Company's strategic move into the production and sale of modular homes will leverage Deer Valley's reputation for exceptional expertise and service in factory built homebuilding. Additionally, by opening an entirely new market for the Company's products, the move into modular housing can be expected to further establish Deer Valley as one of the key players in this industry.

About Deer Valley

Deer Valley, through its wholly owned subsidiary, Deer Valley Homebuilders, Inc., is a growth oriented manufactured home builder with operations in Guin and Sulligent, Alabama. The Company is dedicated to offering the highest quality of homes that are delivered with a sense of warmth, friendliness, and personal pride. The management of the Company has over 125 years of combined industry experience from various backgrounds including general management, production, sales, customer service, and finance. Additional information can be found at http://www.deervalleycorp.com.

The corporate offices of Deer Valley are located at 4902 Eisenhower Blvd., Suite 185, Tampa, FL 33634. Questions may be addressed to Charles G. Masters, President, at (813) 885-5998.

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 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.

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