Press Release

Smith-Midland Corporation, Excellence in Precast
Concrete

Dec 31, 2004

Smith-Midland^® announces significantly improved results for the
year ended December 31, 2004, as compared to the prior year

MIDLAND, Va. - Smith-Midland^® Corporation (OTCBB and Boston Stock Exchange:SMID) announced the company reported total revenue of $22,115,056 for the year ended December 31, 2004, compared to total revenue of $18,163,783 for the same period of 2003, an increase of $3,951,273, or 22%. Net income was $492,451 for the year ended December 31, 2004, compared to a net loss of $1,900,942 for the same period of 2003, an improvement of $2,393,393.

The significant turnaround and increased net income was primarily the result of extra emphasis from management to improve efficiencies and control expenses across all areas of the company. The sale and temporary installation of approximately 8,000 linear feet of security barrier for the Republican National Convention in New York City also contributed to the increase. In addition, the one-time effect of the settlement of the Bradley Hall Project case, during the second quarter 2004, accounted for $295,478 of the increase, which was recorded as a reduction to cost of goods sold.

Construction activity increased during the year in the Company’s primary markets, which was in line with the general economic conditions of the area. This increased the number of projects available to the Company and slightly decreased price pressure on the Company’s bids. The Company’s unfilled order backlog for products increased in March 2005 and is significantly higher than it was at this same time in 2004. The Company’s bid activity increased during the 1st quarter 2005 and remains high and we expect the backlog to build up in 2005 if the upturn in the construction industry continues.

Smith-Midland^® develops, manufactures, licenses 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.

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Smith-Midland® announces significantly improved results for the year ended December 31, 2004, as compared to the prior year

Smith-Midland^® announces significantly improved results for the
year ended December 31, 2004, as compared to the prior year