Meadow Valley Corp. Wins $13.2 Million in New Contracts.Business Editors PHOENIX--(BUSINESS WIRE)--March 21, 2000 Meadow Valley Corp. (Nasdaq:MVCO MVCO Martha's Vineyard Coastal Observatory ) today announced that it has won new construction contracts with a total value of $13.2 million. The first contract, an $11.9 million award from the Nevada Department of Transportation The Nevada Department of Transportation (NDOT) is a governmental agency in the U.S. state of Nevada. NDOT is responsible for maintaining and expanding Nevada's highway system, which includes U.S. highways and Interstate highways within the state's boundaries. , is for the widening of approximately 26 kilometers of Interstate 15 just south of Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. . The contract involves the trenching, widening, placing of aggregate base course and concrete pavement, median barrier construction and lighting improvements. The work is expected to be completed this year. Meadow Valley also won a contract for $1.3 million in site work and improvements for an industrial property development in Las Vegas. About Meadow Valley Meadow Valley Corp., based in Phoenix, is engaged in the construction industry as both a contractor and a supplier of construction materials. The company's contracting services specialize in structural concrete construction of highway bridges and overpasses, and the paving of highways and airport runways, while the company's materials operations provide concrete, gravel products and asphalt asphalt (ăs`fôlt, –fălt), brownish-black substance used commonly in road making, roofing, and waterproofing. Chemically, it is a natural mixture of hydrocarbons. to itself and to other contractors. The company's current operations are concentrated in Las Vegas, Phoenix and Salt Lake City metropolitan areas and in New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). . The statements contained in this release that are not historical facts may be deemed to contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. with respect to events, the occurrence of which involve risks and uncertainties, including, without limitation, demand and competition for the company's products and services, and other risks or uncertainties detailed in the company's Securities and Exchange Commission filings. |
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