SOURCE: Deer Valley Corp.

July 08, 2008 08:30 ET

Deer Valley Corporation Begins Production, Delivery and Initial Set of First Twin Townhomes for Orleans Place Contract

TAMPA, FL--(Marketwire - July 8, 2008) - Deer Valley Corporation ("Deer Valley" or the "Company") (OTCBB: DVLY) is pleased to announce that the Company has delivered and "set" the first of over 120 twin townhomes that the Company is to provide during the first phase of development of Orleans Place, a new planned community that is part of the Savanna Trails development in Ocean Springs, Mississippi.

Brad Bolding, the Company's Director of Modular Operations, commented, "The delivery and setting of this first of our series of custom designed twin townhomes not only marks the beginning of a premier project in Ocean Springs, Mississippi, but it also marks another step in the implementation of Deer Valley's strategy to broaden the Company's product offerings to include 'crane-set, off-frame' modular homes. We believe that the prevailing economic conditions in the United States are going to cause working families living in urban and suburban communities to more aggressively seek affordable housing. Factory built homes provide the benefits of consistent quality control and construction efficiencies which result in a natural solution to this growing demand. With a Deer Valley modular home, the home owner can achieve affordability without sacrificing strength or the 'fit and finish' quality and feel of a site built home."

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. Having begun operations in March 2004, 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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