EXHIBIT 99.27
4411 South 40th St., Ste. D11 Phoenix, Arizona 85040 Telephone: (602) 437-5400 Fax: (602) 437-1681 |
Investor Contact: | Company Contact: | |||
FOR IMMEDIATE RELEASE | Neil Berkman Associates | Bradley E. Larson | ||
(310) 277-5162 | Chief Executive Officer | |||
info@BerkmanAssociates.com | www.MeadowValley.com |
Meadow Valley Provides Surety Bonding Update
PHOENIX, ARIZONA, July 14, 2005 . . .MEADOW VALLEY CORPORATION (NASDAQ:MVCO) announced today that its current bonding company, XL Specialty Insurance (“XL”), is discontinuing its entire surety line of business, and is expected to eliminate all of its customers’ bonds in the near future. In phasing out its surety business, XL has significantly reduced the size of contracts for which it will provide bonds to Meadow Valley. This limitation applies primarily to public works construction projects. The Company noted that many of its private clients do not require a bond.
About Meadow Valley
Forward-Looking Statements
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