Meadow Valley Corporation (NASDAQ:MVCO) today announced that its construction services subsidiary, Meadow Valley Contractors Inc., has promoted Area Managers Robert W. Bottcher and Robert A. Terril to the new positions of President, Arizona Area, and President, Nevada Area, respectively. Meadow Valley also announced that Chief Operating Officer Alan Terril, 66 years old, has retired as planned, effective April 20, 2007. "We thank Alan Terril for his 15 years of dedicated service to Meadow Valley, and for his many significant contributions to our success. We will miss his wise advice and counsel, and we all wish Alan the best in his retirement," said Chief Executive Officer Bradley Larson. "In view of the growth and increasing complexity of our construction services and construction materials businesses, and the outstanding opportunities for further growth we see ahead of us in each of our primary market areas, we have decided to distribute Alan's responsibilities among Meadow Valley's CEO, CAO and the two new Area Presidents for Arizona and Nevada, with each Area President reporting directly to the CEO of Meadow Valley Corporation. We are pleased to announce that Robert Bottcher and Robert Terril have been named to fill these new posts. We are confident that they have the experience, dedication and energy required to effectively manage Meadow Valley's expanding operations in these markets," Larson added. Robert Bottcher, 50 years old, joined Meadow Valley in 1995 and was named Arizona Area Manager in August of that year. Bottcher has more than 26 years of experience in the heavy civil construction industry. He has a bachelor's degree in Construction Management from Arizona State University. Robert Terril, 48 years old, joined the Company in 1996 as Utah Area Manager, and was named Nevada Area Manager in 2001. His experience spans nearly thirty years in the heavy construction industry. He attended Dixie College and Brigham Young University. About Meadow Valley Meadow Valley Corporation, based in Phoenix, Arizona, is engaged in the construction industry as both a contractor and a supplier of construction materials. The Company's construction services segment specializes in structural concrete construction of highway bridges and overpasses, and the paving of highways and airport runways, primarily in Nevada and Arizona. The Company's construction materials operations provide concrete and gravel products primarily to other contractors. The Company's materials operations are concentrated in Southern Nevada and Arizona. Forward-Looking Statements Certain statements in this release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including the following: changes in demand for the Company's products and services, product mix, the timing of new orders and contract awards, the impact of competitive products and pricing, excess or shortage of production capacity, and other risks discussed from time to time in the Company's Securities and Exchange Commission filings and reports, including the Company's Annual Report on Form 10-K for the year ended December 31, 2006. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic economic conditions. Such forward-looking statements speak only as of the date on which they are made and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.
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