RMX (RMX) 8-K Ready Mix, Inc. Reports 2008 Results

Exhibit 99.1

Company Contact:
Bradley E. Larson
Chief Executive Officer
www.readymixinc.com Investor Contact:
Neil Berkman Associates
(310) 826-5051
info@BerkmanAssociates.com

FOR IMMEDIATE RELEASE

Ready Mix, Inc. Reports 2008 Results

     LAS VEGAS, NEVADA, February 25, 2009 . . .READY MIX, INC. (RMI) (AMEX:RMX)today announced financial results for 2008.

     “RMI’s financial results for 2008 primarily reflected the weakness in residential construction in the metropolitan areas of Las Vegas, Nevada and Phoenix, Arizona that persisted throughout the year and reduced demand for our ready mix concrete products. Non-residential construction, which typically lags residential construction by a year or more and had held up relatively well through the third quarter, also began to show signs of weakness in the fourth quarter. We have reduced costs wherever possible, including reductions in personnel and capital spending, while maintaining our ability to provide excellent service for our customers and protect our market share. While the timing of the recovery is uncertain, we believe RMI is well-positioned for renewed growth when market conditions improve,” said Chief Executive Officer Bradley Larson.

Twelve Months Results

     For the twelve months ended December 31, 2008, revenue decreased 21.5% to $60.7 million, compared to revenue of $77.4 million for 2007. Cubic yards of concrete sold decreased 16.4% for 2008 compared to 2007, while average unit sales price decreased 6.8%.

     Gross profit decreased to $0.1 million, compared to gross profit of $6.2 million for 2007.

     General and administrative expenses were $4.6 million for 2008, essentially unchanged compared to 2007.

     The net loss for 2008 was $2.95 million, or $0.77 per basic and diluted share. This compares to net income for 2007 of $1.36 million, or $0.36 per basic and diluted share.

Fourth Quarter Results

     For the three months ended December 31, 2008, revenue decreased 25.4% to $11.5 million, compared to revenue of $15.4 million for the fourth quarter of 2007. Cubic yards of concrete sold decreased 20.3% for the fourth quarter of 2008 compared to the same period of 2007, while average unit sales price decreased 4.7%.

     Gross loss for the fourth quarter of 2008 was $0.2 million. This compares to gross profit of $0.6 million for the fourth quarter of 2007.

     The net loss for the fourth quarter of 2008 was $1.2 million, or $0.32 per basic and diluted share. This compares to a net loss for the fourth quarter of 2007 of $0.2 million, or $0.05 per basic and diluted share.

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4602 East Thomas Road• Phoenix, Arizona 85018• (602) 957-2722• Fax (602) 522-1911

Ready Mix, Inc. Reports 2008 Results
February 25, 2009
Page Two

Balance Sheet Highlights

     At December 31, 2008, Ready Mix, Inc. reported working capital of approximately $9.6 million, including cash and cash equivalents of $4.2 million, a current ratio of approximately 2.7, and total stockholders’ equity of $26.4 million, or $6.94 per outstanding share. At December 31, 2007, Ready Mix, Inc. reported working capital of approximately $11.8 million, including cash and cash equivalents of $9.2 million, a current ratio of approximately 2.5, and total stockholders’ equity of $29.2 million, or $7.67 per outstanding share.

Conference Call

     Ready Mix, Inc. has scheduled a conference call today at 11:00 a.m. EST. To participate in the call, dial (212) 231-2903 and ask for the Ready Mix conference call, reservation #21414950. A simultaneous webcast of the conference call may be accessed online at theInvestor Information link ofwww.readymixinc.com. A replay will be available after 1:00 p.m. EST at this same Internet address. For a telephone replay, dial (800) 633-8284, reservation #21414950 after 1:00 p.m. EST.

About Ready Mix, Inc.

     Ready Mix, Inc. (RMI) has provided ready-mix concrete products to the construction industry since 1997. RMI currently operates four ready-mix concrete plants in the metropolitan Phoenix, Arizona area, three plants in the metropolitan Las Vegas, Nevada area, and one plant in Moapa, Nevada. RMI also operates two sand and gravel crushing and screening facilities near Las Vegas, Nevada, which provide raw materials for its Las Vegas and Moapa concrete plants.

Forward-Looking Statements

     The statements in this press release that are forward looking are based on current expectations and actual results or future events may differ materially. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results of the Company or future events to differ materially from those expressed in or underlying such forward-looking statements, including without limitation: national and local economic, business, real estate and other market conditions; the competitive environment in which the Company operates; the execution of the Company’s business plan; financing risks; acquisition and location development risks; potential environmental and other liabilities; and other factors affecting the construction industry generally. For further discussion of the factors that could affect outcomes, please refer to the “Risk Factors” section of the Company’s annual report on Form 10-K for the year ended December 31, 2008, and other subsequent filings by the Company with the Securities and Exchange Commission.

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READY MIX, INC.
STATEMENTS OF OPERATIONS

	Three months ended						Twelve months ended
	December 31,						December 31,
	2008			2007			2008			2007
	(unaudited)
Revenue:
Revenue	$	11,467,007		$	15,099,879		$	60,150,696		$	75,620,128
Revenue — related parties		20,690			306,402			550,364			1,744,544
Total revenue		11,487,697			15,406,281			60,701,060			77,364,672
Cost of revenue		11,727,528			14,824,781			60,637,366			71,210,190
Gross profit (loss)		(239,831	)		581,500			63,694			6,154,482
General and administrative expenses		1,502,671			1,110,117			4,631,061			4,574,463
Income (loss) from operations		(1,742,502	)		(528,617	)		(4,567,367	)		1,580,019
Other income (expense):
Interest income		17,716			101,101			153,550			385,353
Interest expense		(25,396	)		(27,937	)		(107,379	)		(137,533	)
Other income		57,759			55,270			132,632			283,470
												��
		50,079			128,434			178,803			531,290
Income (loss) before income taxes		(1,692,423	)		(400,183	)		(4,388,564	)		2,111,309
Income tax benefit (expense)		468,388			201,532			1,438,999			(756,107	)
Net income (loss)	$	(1,224,035	)	$	(198,651	)	$	(2,949,565	)	$	1,355,202
Net income (loss) per common share
Basic	$	(0.32	)	$	(0.05	)	$	(0.77	)	$	0.36
Diluted	$	(0.32	)	$	(0.05	)	$	(0.77	)	$	0.36
Weighted average common shares outstanding
Basic		3,809,500			3,809,500			3,809,500			3,808,337
Diluted		3,809,500			3,809,500			3,809,500			3,817,009

READY MIX, INC.
BALANCE SHEETS

	December 31,
	2008		2007
Assets:
Current assets:
Cash and cash equivalents	$	4,204,280	$	9,157,868
Accounts receivable, net		6,751,769		7,892,523
Inventory		1,411,761		1,151,926
Prepaid expenses		1,189,598		1,156,086
Income tax receivable		1,026,133		—
Due from affiliate		—		37,859
Deferred tax asset		696,892		359,396
Total current assets		15,280,433		19,755,658
Property and equipment, net		23,988,688		26,347,234
Refundable deposits		108,079		176,188
Total assets	$	39,377,200	$	46,279,080
Liabilities and Stockholders’ Equity:
Current liabilities:
Accounts payable	$	2,329,620	$	3,888,856
Accrued liabilities		966,058		2,023,403
Notes payable		2,204,706		2,019,192
Obligations under capital leases		—		4,634
Due to affiliate		177,825		—
Income tax payable		—		11,738
Total current liabilities		5,678,209		7,947,823
Notes payable, less current portion		6,041,731		7,821,295
Deferred tax liability		1,216,100		1,290,823
Total liabilities		12,936,040		17,059,941
Commitments and contingencies
Stockholders’ equity:
Preferred stock — $0.001 par value; 5,000,000 shares authorized, none issued and outstanding		—		—
Common stock — $0.001 par value; 15,000,000, shares authorized 3,809,500 issued and outstanding		3,810		3,810
Additional paid-in capital		18,362,557		18,190,971
Retained earnings		8,074,793		11,024,358
Total stockholders’ equity		26,441,160		29,219,139
Total liabilities and stockholders’ equity	$	39,377,200	$	46,279,080