SOURCE: Deer Valley Corporation

May 03, 2007 07:30 ET

Deer Valley Corporation Continues to Move Forward With Its Introduction of Modular Homes

TAMPA, FL -- (MARKET WIRE) -- May 3, 2007 -- Deer Valley Corporation ("Deer Valley" or the "Company") (OTCBB: DVLY) has continued its thrust into the modular housing market by obtaining government agency approval permitting the Company's new series of modular homes to be shipped into Mississippi, Alabama and Louisiana -- the three states hardest hit by the infamous 2005 hurricanes. In addition to offering the new product line through its existing dealer network, the Company is actively working with several private and public entities which are seeking to develop relatively large scale modular communities intended to replace a portion of the housing destroyed by Hurricane Katrina and the other storms that ravaged the Gulf coast in 2005.

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.

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.

The corporate offices of Deer Valley are located at 4902 Eisenhower Blvd., Suite 185, Tampa, FL 33634.

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