BBX Capital Corporation Received 2018 South Florida Business of the Year Award

FORT LAUDERDALE, Fla., May 01, 2018 -- BBX Capital Corporation (NYSE:BBX) (OTCQX:BBXTB) (“BBX Capital” or the “Company”), is pleased to announce that the Company has received the 2018 Business of the Year Award (businesses with revenue of $250 million or more) from the South Florida Business Journal.  BBX Capital received the award at a ceremony held on Thursday, April 26^th at Jungle Island in Miami, Florida.

“Receiving this award is a great honor that we are excited to share with our entire team at BBX Capital.  Since the 2012 sale of BankAtlantic to BB&T, the BBX Capital management team has successfully transformed BBX Capital into a truly, diversified holding company,” commented Alan B. Levan, Chairman and Chief Executive Officer of BBX Capital Corporation.  “We believe BBX Capital is now one of South Florida’s fastest-growing companies with total consolidated assets growing to $1.6 billion as of December 31, 2017.” 

Among the Company’s holdings are its 90 percent ownership interest in Bluegreen Vacations Corporation (NYSE:BXG), BBX Capital Real Estate, and BBX Capital Middle Market Operations, which includes Renin Holdings, BBX Sweet Holdings, Las Olas Confections and Snacks, IT’SUGAR, Hoffman’s Chocolates and MOD Pizza Florida.

About BBX Capital Corporation: BBX Capital Corporation (NYSE:BBX) (OTCQX:BBXTB), is a Florida-based diversified holding company whose activities include its 90 percent ownership interest in Bluegreen Vacations Corporation (NYSE:BXG) as well as its real estate and middle market divisions. For additional information, please visit www.BBXCapital.com. 

BBX Capital Media Contact:
Kip Hunter Marketing, 954-765-1329, Nicole Lewis / Elysia Volpe
Email: [email protected], [email protected]

This press release contains forward-looking statements based largely on current expectations of BBX Capital or its subsidiaries that involve a number of risks and uncertainties. All opinions, forecasts, projections, future plans or other statements, other than statements of historical fact, are forward-looking statements.  Forward-looking statements may be identified by the use of words or phrases such as “plans,” “believes,” “will,” “expects,” “anticipates,” “intends,” “estimates,” “our view,” “we see,” “would” and words and phrases of similar import. The forward-looking statements in this press release are also forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein. Forward-looking statements are subject to a number of risks and uncertainties that are subject to change based on factors which are, in many instances, beyond our control. The reader should not place undue reliance on any forward-looking statement, which speaks only as of the date made. This press release also contains information regarding the past performance of the Company, its subsidiaries, investments and operations, and stock price, and the reader should note that prior or current performance is not a guarantee or indication of future performance. Risks and uncertainties include, without limitation, the risks and uncertainties affecting BBX Capital and its subsidiaries, and their respective results, operations, markets, products, services and business strategies, including risks associated with the ability to successfully implement currently anticipated plans and generate earnings, long term growth, and increased value; and the risks that the Company’s assets may decline or that the Company may not continue to grow as anticipated, if at all. Future results could differ materially as a result of a variety of risks and uncertainties. The Company cautions that the foregoing factors are not exclusive. Reference is also made to the other risks and uncertainties described in BBX Capital’s Annual Report on Form 10-K for the year ended December 31, 2017.