SOURCE: Deer Valley Corporation

June 14, 2007 09:14 ET

Harbinger Research, LLC Updates Investment Report Reiterating Buy Rating for Deer Valley Corporation

TAMPA, FL--(Marketwire - June 14, 2007) - Harbinger Research, LLC, an independent research firm, today issued an update of its Investment Report regarding Deer Valley Corporation ("Deer Valley" or the "Company") (OTCBB: DVLY). This informational research report on the Company provides extensive information regarding the Company's operating history and its rising position in the manufactured housing industry. The update reiterates the Company's "Speculative Buy" rating and $2.60 target price.

The full updated research report can be accessed at the following direct link:

http://harbingerresearch.com/viewCompany.php?company=150

or through Harbinger Research, LLC's website at http://www.harbingerresearch.com.

(Disclosure Note: In 2006, Harbinger Research, LLC received $25,000 from an affiliate of Deer Valley in return for research coverage for the Company for a period of one year.)

About Harbinger Research, LLC:

Harbinger Research is a quality-leading New York-based independent equity research company that provides insightful, in-depth equity research coverage and informational reports to smaller U.S. traded companies and the individuals and institutions that invest in them.

For further information on Harbinger Research is also available at www.harbingerresearch.com.

About Deer Valley Corporation:

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; however, 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.

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