SOURCE: Deer Valley Corporation

May 07, 2007 07:30 ET

Deer Valley Corporation Resumes Full Production Schedule

TAMPA, FL -- (MARKET WIRE) -- May 7, 2007 -- Deer Valley Corporation ("Deer Valley" or the "Company") (OTCBB: DVLY) confirmed today that, beginning in mid-April, the Company had resumed normal five day per week production schedules at both of its Alabama plants. The Company had previously forecasted that the reduced, four day per week production schedule, which prevailed during the first quarter, would continue throughout the second quarter.

The President of Deer Valley Homebuilders, Inc., the Company's operating subsidiary, Mr. Joel Logan, commented, "Our back-log is still below the level that it was at this time in 2006; however, the seasonal increase in activity at our authorized retail dealer locations is definitely having a strong positive effect on second quarter sales." Mr. Logan continued by saying, "We believe that the expansion of our product line to include a variety of modular housing units, our reputation for high quality housing products, and our location near the storm-damaged Gulf Coast are all factors that combine to create a superb marketing opportunity. The recent increase in government funding activity in the Gulf Coast area would appear to further enhance that opportunity. If a significant fraction of the quantity of the modular houses defined in our outstanding quotes become confirmed orders, the brevity of our present two week backlog will cease to be a concern."

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.

Additional information can be found at: http://www.deervalleycorp.com.

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