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Aug 12, 2009

Smith-Midland Announces Financial Results for the Quarter Ended June 30, 2009

Midland, Va. - Smith-Midland Corporation (OTCBB: SMID) announced total revenue of $7.6 million for the quarter ended June 30, 2009, compared to $6.9 million for the same period in 2008. Increased revenues for the quarter pushed pre-tax earnings to $1.2 million, or $0.15 per share, for the three months ended June 30, 2009, compared to $327,537, or $0.04 per share, for the same period in 2008.

For the six months ended June 30, 2009, the Company reported total revenue of $16.7 million compared to $13.8 million for the same period in 2008. Pre-tax earnings for the six month period were $2.7 million, or $0.35 per share, compared to $432,024, or $0.05 per share for the prior year. The per share amounts are based on net income and not pre-tax earnings.

“The Company is extremely pleased with the results of operations for the first six months of the year,” said Chairman and CEO Rodney Smith. “In the near future, the Company believes that its results of operations may be favorably affected by the government stimulus package which is geared toward infrastructure spending”.

Smith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products for use primarily in the construction, transportation and utilities Industries.

This announcement contains forward-looking statements, which involve risks and uncertainties. The Company's actual results may differ significantly from the results discussed in the forward-looking statements. Factors which might cause such a difference include, but are not limited to, product demand, the impact of competitive products and pricing, capacity and supply constraints or difficulties, general business and economic conditions, the effect of the Company's accounting policies and other risks detailed in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.

Contacts:
Corrie Cunningham
Public Relations
media@smithmidland.com
William Kenter
Investor Relations
investors@smithmidland.com