Exhibit 99.24
![]() | 4411 South 40th St., Ste. D11 Phoenix, Arizona 85040 | |
FOR IMMEDIATE RELEASE | Telephone: (602) 437-5400 Fax: (602) 437-1681 | |
Investor Contact: | Company Contact: | |
Neil Berkman Associates | Bradley E. Larson | |
(310) 277-5162 | Chief Executive Officer | |
info@BerkmanAssociates.com | www.MeadowValley.com |
Ready Mix, Inc. Subsidiary of Meadow Valley
Files Registration Statement with SEC
PHOENIX, ARIZONA, February 14, 2005 . . .MEADOW VALLEY CORPORATION (NASDAQ:MVCO)announced today that its wholly owned subsidiary, Ready Mix, Inc. (RMI), has filed a registration statement with the Securities and Exchange Commission for the initial public offering of 1,000,000 shares of RMI common stock at a proposed offering price of $12.00 per share. The shares will be offered on a firm commitment basis through HD Brous & Co., Inc. Subsequent to the offering, Meadow Valley will own 1,500,000 shares of RMI common stock, or 60% of the total shares of RMI outstanding. Proceeds from the initial public offering are expected to be used by RMI for the purchase of plant and equipment, repayment of debt to Meadow Valley and working capital.
This announcement is not an offer to sell nor the solicitation of an offer to buy RMI securities. Any such offer or solicitation will only be made by a prospectus and only in such states wherein the offering would be lawful.
About Ready Mix, Inc.
About Meadow Valley
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