MLAN Midland Co (MM)

- $29 Million Facility to Add Office Space, Expand Training Center, Create Jobs CINCINNATI, Feb. 20 /PRNewswire-FirstCall/ -- The Midland Company (NASDAQ:MLAN), a highly focused provider of specialty insurance products and services, today broke ground on a $29 million expansion on its campus in Clermont County, Ohio. The new facility is expected to help fuel the local economy and bring 150 new jobs to the area over a three-year period. The Midland Company currently employs nearly 1,000 people at its headquarters. The expansion, which should be completed in September 2007, is designed to add some 205,000 square feet of new office space and expand an existing training center by approximately 20,000 square feet. The six-story facility is also designed to match the existing building on the Midland campus. "This expansion reflects the substantial growth The Midland Company has experienced in recent years," said John Hayden, president and CEO of The Midland Company. "The new building and the new training opportunities it represents will help keep us at the forefront of the industry." In breaking ground on the expansion, Hayden paid tribute both to the region and its residents. "We are extremely pleased with our home here and with the high quality of our associates who have helped build our success," Hayden said. "For more than 67 years, Midland has sustained a tradition of excellence and has grown to become a leader in the specialty insurance marketplace over the last 40 years. We are excited to be starting a new chapter in our success, and we look forward to many more years of growth and stability." The builder for the project is the Miller-Valentine Group of Dayton, Ohio. The architect is PDT Architect/Planners of Cincinnati, Ohio. About the Company Midland, which is headquartered in Cincinnati, Ohio, is a provider of specialty insurance products and services through its wholly owned subsidiary, American Modern Insurance Group, which accounts for approximately 95 percent of Midland's consolidated revenue. American Modern specializes in writing physical damage insurance and related coverages on manufactured housing and has expanded to other specialty insurance products including coverage for site-built homes, motorcycles, watercraft, snowmobiles, recreational vehicles, physical damage on long-haul trucks, extended service contracts, excess and surplus lines coverages, credit life and related products as well as collateral protection and mortgage fire products sold to financial institutions and their customers. Midland also owns a niche transportation business, M/G Transport Group, which operates a fleet of dry cargo barges for the movement of dry bulk commodities on the inland waterways. Midland's common stock is traded on the Nasdaq National Market under the symbol MLAN. Additional information on the company can be found on the Internet at http://www.midlandcompany.com/. First Call Analyst: FCMN Contact: DATASOURCE: The Midland Company CONTACT: Joe David, Vice President, Corporate Communications of The Midland Company, +1-513-943-7100, or Web site: http://www.midlandcompany.com/

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