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SMC Announces Financial Results for the Quarter Ended September 30, 2009

Midland, Va. - Smith-Midland Corporation (OTCBB: SMID) announced total revenue of $7.6 million for the quarter ended September 30, 2009, compared to $7.8 million for the same period in 2008, a decrease of 3%. Pre-tax earnings for the period were approximately $763,000, compared to approximately $97,000 for the same period in 2008. This represents an increase in pre-tax earnings of approximately $666,000 or 687% over the same three month period in 2008. Net income for the period was approximately $491,000, or $.10 per share (fully diluted), compared to net income of approximately $26,000, or $.01 per share (fully diluted) for the same period in 2008.

Revenues for the nine months ended September 30, 2009 were $24.3 million compared to $21.5 million for the same period in 2008, an increase of 13%. Pre-tax earnings for the nine month period were $3.5 million, compared to approximately $529,000 for the same period in 2008. This represents an increase in pre-tax earnings of $3.0 million, or 567% over the same nine month period in 2008. Net income for the period was approximately $2.1 million, or $.45 per share (fully diluted), compared to net income of approximately $277,000, or $.06 per share (fully diluted) for the same period in 2008.

Rodney I. Smith, Smith-Midland’s Chairman and CEO, said, “We at Smith-Midland are extremely pleased with the results of operations for the first three quarters of 2009. The improved profitability for the year is the result of a company wide effort to contain costs, improve efficiency and a focus on providing each customer a quality product delivered in a timely manner. While the profitability of the first three quarters has been remarkably positive, a temporary delay in the start of a major highway contract previously awarded to Smith-Midland will result in lower earnings for the fourth quarter of 2009.”

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.

For more complete information on Smith-Midland Corporation, visit the Company’s web site at www.smithmidland.com. The “Investor Relations” area will include the Company’s Form 10-K.