Press Release

Smith-Midland Corporation, Excellence in Precast
Concrete

April 2, 2007

SMC Announces Results for the Year Ended Dec 31, 2006 as Compared to Prior Year

MIDLAND, VA — Smith-Midland^® Corporation (OTCBB and Boston Stock Exchange:SMID) announced the Company reported total revenue of $29,362,245 for the year ended December 31, 2006, compared to total revenue of $23,790,918 for the same period of 2005, an increase of $5,571,327, or 23%. The Company had a net loss of $815,812 for the year ended December 31, 2006, compared to net income of $1,350,894 for the same period of 2005.

The Company incurred unexpected costs primarily in the fourth quarter of 2006 of approximately $626,000 for product repairs related to one particular project. As a result of these repair problems, the Company began a search, in fourth quarter 2006, for new management and quality control personnel for its Virginia plant to remedy the quality problems experienced in 2006.

In June 2006, the Company entered into a non-binding letter of intent to purchase a manufacturing facility in Columbia, SC and, pursuant to a month to month operating and rental agreement, began operating the plant, on an interim basis, while completing the due diligence and acquisition activities. For the period from July 1, 2006 to December 31, 2006, the Company reported a pre-tax net loss on operations for the Columbia plant of $362,930. On March 14, 2007, the Company terminated the agreement and ended negotiations to purchase the facility. As a result of this decision, the Company recorded a pre-tax loss of $613,374 in 2006, which included the loss from operations and expensing capitalized acquisition related costs and other costs incurred for the potential acquisition. The Company estimates $91,000 in additional expenses in 2007 related to termination of the agreement.

“With these drains on our profitability behind us, we are now poised for a strong 2007,” said Rodney Smith, CEO for the Company. “We are very optimistic about the potential for all of our companies and have high expectations for 2007.”

Also, in the fourth quarter 2006, royalty revenues decreased as a result of a slow down in the awarding of some government contracts for highway construction. The Company expects these delays to be resolved and royalty revenues to increase in the first two quarters of 2007.

As of March 24, 2007 the Company's unaudited production backlog was approximately $8,800,000 as compared to approximately $13,800,000 at the same time in 2006. This decrease was the result of increased production volumes during 2006. The Company has seen a significant increase in its Soundwall and structural product sales, including barrier and UTILITY VAULTs, which have traditionally been some of the Company’s more profitable product lines. The Company also has 3 projects equal to approximately $4,700,000 of additional production for which the Company has received letters of intent. The Company traditionally does not include projects in its production backlog calculation until the customer signs a complete contract. Accordingly, the Company has not included these amounts in its production backlog amount.

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. Smith-Midland^® has two manufacturing facilities located in Midland, VA, and Reidsville, NC. Easi-Set^® Industries, a wholly owned subsidiary of Smith-Midland^® Corporation, licenses Smith-Midland^® developed products throughout North America, Europe, South America, and Australia. Easi-Set^® Industries currently has 36 precast concrete product licensees worldwide.

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-KSB and other filings with the Securities and Exchange Commission.

SMITH-MIDLAND®  CORPORATION AND SUBSIDIARIES CONSOliDATED STATEMENTS OF
OPERATIONS DATA

	For the year ended December 31,
	2006	2005

Sales and other operating revenue	$29,362,245	$23,790,918
Operating income (loss)	$(878,449)	$1,976,409
Pretax income (loss)	$(1,259,812)	$1,762,894
Net income (loss)	$(812,812)	$1,350,894
Basic earnings (loss) per share	$(.18)	$.30
Diluted earnings (loss) per share	$(.18)	$.29
Average number of shares for basic EPS	4,621,513	4,480,151
Average number of shares for diluted EPS	4,621,513	4,596,028

Contact:     Lawrence R. Crews, CFO

                    (540) 439-3266

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