Modtech Holdings, Inc. (Company) (Nasdaq:MODT) was recently awarded contracts valued at nearly $13 million for modular-constructed classrooms and other school buildings for the Dual Magnet High School in the Vista Unified School District in Southern California. The Company was also awarded a contract valued at more than $5.7 million for the Rancho Minerva Middle School, another Vista project currently under construction.

The Rancho Minerva project includes more than 43,000 square-feet of space, including 36,000 square-feet of classroom space and 7,000 square-feet for a locker-room building.

The Dual Magnet project is for fifteen permanent modular buildings to accommodate 2,000 students and also includes administrative offices, music/fine arts facilities, science and computer labs, libraries, and other facilities.

Modtech buildings at both schools will have stucco exterior finishes, high-efficiency roof-mounted heating/ventilating/air conditioning systems, and district-standard interior finishes and hardware. All buildings will utilize Modtech's unique lightweight concrete floor systems and be installed on an engineered concrete foundation to allow access under each building for maintenance and wiring and plumbing retrofits.

About Modtech Holdings, Inc.

Modtech Holdings is a leading national designer and manufacturer of modular buildings, both permanent and relocatable. In the school industry, the Company has advanced typical modular building technology to greater dimensions of flexibility and architectural integrity. Modtech has substantial product and geographic diversification throughout the southwestern states and a growing presence in Florida and Texas. Modtech's commercial and industrial buildings are sold to a diverse end-user market and may be leased through national, regional, and local dealers. The Company also designs and manufactures modular buildings to customer specifications for a wide variety of uses.

Some statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. Refer to the Company's filings with the U.S. Securities and Exchange Commission for further discussion of such factors. The forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update such statements.