Aurionpro reports revenue of Rs. 168.65 Cr in Q2 FY17-18, EBITDA at Rs. 29.80 Cr.

MUMBAI, INDIA—(Marketwired – December 08, 2017) – Aurionpro Solutions Ltd (NSE: AURIONPRO) (BSE: 532668), a leading provider of technology solutions for Banking, Digital Innovation and Cybersecurity, today announced its consolidated financial results for the second quarter ended September 30, 2017.

H1 FY17–18 Financial Highlights

IP driven strategy has led to margin expansion as is demonstrated in growth of EBITDA & PAT. Key highlights for the first half of FY17–18 are:

  • YTD Revenue for H1 FY17–18 was 329.06 Crores, up 6.57% YOY.
  • Consolidated EBIDTA for H1 FY17–18 was Rs.56.23 Crores, up 43.20% YOY.
  • Consolidated PAT for H1 FY17–18 was 27.23 Crores, up 76.31% YOY*.
  • Debtor's days has come down from 112 to 76 (H1 FY16–17 to H1 FY17–18).

*excluding exceptional items

“Our business model continues to remain strong and our strategy to focus on IP driven businesses, while exiting low margin services is bearing results. This has led to continuous improvements in operating margins, new customer additions and geography expansion. We continue to make ongoing investments in R&D & product development,” said Samir Shah, CEO, Aurionpro. “We expect accelerated momentum in the second half of the year aided by growing momentum for Isla, our flagship product offering in cybersecurity, We have taken Isla to newer geographies in APAC and are looking to scale to global markets aided by strategic partnerships such as our recent one with HPE, and others.”

“We are focused on building efficiencies through superior deliver excellence. We have improved our implementation methodologies and domain training leading to faster deployments and customer delight. We have also rationalized our technology platforms and people pyramid for optimal resource utilization thereby reducing delivery costs. This has enabled us to expand margins while continuing our investments in product and R&D,” added Nirav Shah, COO, Aurionpro.

Business Updates & Highlights

  • Cybersecurity
    • Isla Web Malware Isolation system shows strong promise and positive momentum across the globe as Malware Isolation is increasing finding priority in the agenda of CIOs and CISOs.
    • Isla has gained strong market acceptance and has over 40 customers currently.
    • Isla's channel partner has grown in strength with over 15 strategic partnerships for manufacturing, distribution and resellers globally.
    • We had two big wins for Isla in India with large financial services organizations. Other countries in APAC also have seen strong demand and traction for Isla.
    • Gartner recognized Aurionpro's cybersecurity subsidiary Cyberinc as continuing to be amongst its Gartner Cool Vendor list that it published in 2017.
    • The IAM practice saw multiple wins and go–lives specifically for its IP with licensing deals with a US based utility provider in addition to two large implementation engagements for IAM. Our IAM practice was also included in the 'Gartner Market guide for IAM professional services 'providers report.
  • Banking and Fintech
    • The banking and fintech business continues to meet financial targets as we have been steadily consolidating our leadership position across India, Middle East and ASEAN region with multiple wins and go–lives.
      • Go–live for Financial Supply Chain module with South Indian Bank.
      • Go–live at Union National Bank.
      • Win for SmartLender with Sacombank, Vietnam.
  • Digital Innovation
    • The customer experience offerings led by our flagship platform ACE see strong traction especially in the Middle East. We have won an engagement with a UAE bank to streamline customer flow across 42 branches while we also went live with 19 bill payment kiosks for a utility provider in Oman. The business continues to enable strong market share expansion.
  • Others
    • Interact DX was selected by 3 leading Indian private sector banks and a Middle East headquartered Telco company.

About Aurionpro

Aurionpro Solutions (NSE: AURIONPRO) (BSE: 532668) is a global technology solutions leader that helps enterprises accelerate their digital innovation, securely and efficiently. It combines core domain expertise, thought leadership in innovation, security and leverages industry leading IP to deliver tangible business results for global corporations. Employing more than 1,200 domain and technology experts across North America, Asia and Europe, Aurionpro caters to a host of clients across BFSI, Telecom and Logistics industry. For more information, visit www.aurionpro.com.

Santa Clara Copper Repipe Specialists at Gladiator Plumbing & Repipe Offering No Cost Estimates for PEX and Copper Repiping

SANTA CLARA, CA—(Marketwired – December 07, 2017) – Santa Clara copper repipe specialists at Gladiator Plumbing & Repipe understand that re–piping Santa Clara is a big responsibility and the experienced PEX and Copper repipe experts at Gladiator Plumbing & Repipe are the Gold Standard according to their customers. Santa Clara repiping experts at Gladiator Plumbing & Repipe have been providing complete repipe and whole house water pipe replacement including galvanized pipe repair for many years. They are the only locally owned and operated repipe specialist who offers a 50 year warrantee and customer satisfaction guarantee that homeowners seek according to James Bailey, President of Gladiator Plumbing & Repipe. “We handle more repiping in Santa Clara County than any other company offering our type of guarantee. We offer a 50 year warranty.”

Recently non local companies have been posing as local Santa Clara repipe specialists. Santa Clara there have been companies from outside the area attempting to present themselves as locally owned and operated companies who claim to be repipe specialists or experts according to Bailey. “We have seen TV commercials, heard radio ads and seen questionable websites from marketing companies from southern California. They present themselves as local companies but what they really do is subcontract the work they get to the lowest bidder in our area. This means homeowners pay a premium for service but they end up getting the cheapest parts and quality of work available.”

Gladiator Plumbing & Repipe offers James's Promise. This includes only hiring technicians who pass an extensive background check and drug screening. It also includes an in home consultation where one of the repipe specialists in Santa Clara from Gladiator Plumbing & Repipe will clearly explain the exact problem a home has and recommendation for repair. “We have seen these crazy ads where out of area companies are offering tankless water heaters as part of the repipe coupon. The bottom line is that gas lines and electrical wires need to be installed to accommodate the tankless water heater, so this ends up making these companies more money.” The Gladiator Plumbing & Repipe Customer Satisfaction Guarantee offers consumers peace of mind when choosing a Santa Clara repipe company.

Gladiator Plumbing & Repipe is Diamond Certified. They have built a solid reputation in the community and are the leading providers of PEX repiping and copper repiping in San Jose and all of Santa Clara County. As a result Gladiator Plumbing & Repipe has accumulated many authentic online reviews. “We have noticed over the past couple of years that many so called repipe companies have been posting fake reviews about their companies. We encourage homeowners to be diligent when reading reviews. It's usually fairly obvious when a company has rigged the system.”

The Gladiator Guarantee Satisfaction Guarantee being offered by Gladiator Plumbing & Repipe includes a 50 year warranty and offers consumers the opportunity to get a no cost consultation so they can carefully evaluate the needs of their home and make an informed decision about who to hire for repiping in San Jose and all of Santa Clara. “You always want to make sure you are comparing apples to apples,” says James Bailey, President of Gladiator Plumbing & Repipe.

To learn more about Gladiator Plumbing & Repipe or their Los Gatos repipe specialists please visit their website. To take advantage of the Customer Satisfaction Guarantee, please call (408) 444–2696 now to schedule a no cost, in home consultation where a diagnosis will be made about your plumbing system. Warranty, material and price will be clearly explained. Gladiator Plumbing & Repipe will, “Make You Smile.”

Embedded Video Available: https://www.youtube.com/watch?v=c3hP62oFr8o
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BBX Capital Corporation Declares Quarterly Cash Dividend

FORT LAUDERDALE, FL—(Marketwired – December 06, 2017) – BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB) (“BBX Capital” or the “Company”) announced today that the Company's Board of Directors has declared a cash dividend payment of $0.0075 per share on its Class A and Class B Common Stock, with a payment date of January 22, 2018, to all shareholders of record at the close of trading on December 20, 2017. The Company previously indicated its intention, subject to declaration by its Board, to pay regular quarterly cash dividends of $.0075 per share on its Class A and Class B Common Stock (an aggregate of $0.03 per share annually).

About BBX Capital Corporation:
BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB) is a diversified holding company whose activities include its approximate 90% ownership interest of Bluegreen Vacations Corporation (NYSE: BXG) and, through its Real Estate and Middle Market Divisions, the acquisition, ownership and management of joint ventures and investments in real estate and real estate development projects and middle market operating businesses. As of September 30, 2017, BBX Capital had total consolidated assets of $1.5 billion, shareholders' equity attributable to BBX Capital of $493.7 million, and total equity of $539.9 million. At September 30, 2017, BBX Capital's book value per share was $5.08 compared to $4.70 at September 30, 2016. For further information, please visit www.BBXCapital.com.

About Bluegreen Vacations Corporation:
Bluegreen Vacations Corporation (NYSE: BXG) (formerly Bluegreen Corporation), founded in 1966 and headquartered in Boca Raton, Florida, is a leading vacation ownership company that markets and sells vacation ownership interests (VOIs) and manages resorts in top leisure and urban destinations. The Bluegreen Vacation Club is a flexible, points–based, deeded vacation ownership plan with approximately 211,000 owners, 67 Club and Club Associate Resorts and access to more than 11,000 other hotels and resorts through partnerships and exchange networks. Bluegreen Vacations also offers a portfolio of comprehensive, fee–based resort management, financial, and sales and marketing services, to or on behalf of third parties. For further information, please visit www.BluegreenVacations.com.

Certain matters within this press release include “forward–looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward–looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those projected in the forward–looking statements, including but not limited to, the risk that quarterly dividend payments may not be declared in the future or on a regular basis or as anticipated, if at all. For a description of these factors, please review the “Risk Factors” section and other information contained in the Company's Annual Report on Form 10–K and Quarterly Reports on Form 10–Q, filed with the Securities and Exchange Commission.

Horace Mann Reports Quarterly Dividend of $0.275

SPRINGFIELD, IL—(Marketwired – December 06, 2017) – The Horace Mann Educators Corporation (NYSE: HMN) Board of Directors today announced a quarterly dividend of $0.275 per share payable on December 29, 2017 to shareholders of record as of December 18, 2017.

About Horace Mann
Horace Mann (Horace Mann Educators Corp. (NYSE: HMN)) is the largest financial services company focused on providing America's educators and school employees with insurance and retirement solutions. Founded by Educators for Educators® in 1945, the company is headquartered in Springfield, Illinois. For more information about the company, visit horacemann.com.

Safe Harbor Statement
Statements included in this news release that are not historical in nature are forward–looking within the meaning of the Private Securities Litigation Reform Act of 1995 and are subject to certain risks and uncertainties. Horace Mann is not under any obligation to (and expressly disclaims any such obligation to) update or revise any forward–looking statements, whether as a result of new information, future events or otherwise. Please refer to the Company's Quarterly Report on Form 10–Q for the period ended September 30, 2017 and the Company's past and future filings and reports filed with the Securities and Exchange Commission for information concerning the important factors that could cause actual results to differ materially from those in forward–looking statements.

Aurionpro included in the Gartner Market Guide for IAM Professional Services, North America, 2017 for its Cyberinc brand

SAN RAMON, CA—(Marketwired – December 06, 2017) – Cyberinc – an Aurionpro Company focused on enterprise security, announced that it has been included in the Gartner Market Guide for IAM Professional Services, North America report. According to Gartner, security and risk management leaders responsible for IAM should use this Market Guide to support the identification and evaluation of firms providing these services.

This mention of Aurionpro by Gartner for the second consecutive year is a testimony to Cyberinc's focused expertise and specialization within IAM products and technologies domain coupled with robust implementation capabilities.

The key findings as per the 2017 study: “Gartner expects some incremental moves in the market over the next 2–3 years based on the desire of some consulting firms without formal IAM practices, especially those with security practices, to extend their capabilities to include stronger IAM capabilities because IAM professional services is a lucrative market. Growth prospects remain strong for IAM professional services in North America, as is the case globally as well.”

Aurionpro believes that it has been mentioned in the Gartner Market Guide for IAM Professional Services, North America, in 2017 owing to its decade long expertise in successfully delivering world class identity, risk management and security solutions that have helped secure over 120 Million identities for leading global organizations. And also feels that this inclusion, highlights its enterprise security focused brand — Cyberinc's, dedicated and continued investments in building innovative IPs around IAM products suites, which have resulted in development of extensions of access and governance (provisioning deployments) as well as solution for externalized authorization.

“We are delighted by Aurionpro being included in the Gartner Market Guide for IAM Professional Services, North America, for the second year in a row. This is a reinforcement of our focus and commitment towards delivering the most innovative and customized IAM solutions to the modern digital enterprises.

“As enterprises rapidly embrace new technologies, leading to the resulting shift in the IT perimeter and emergence of Identity as the foundation for building secure digital businesses, we look forward to building identity solutions that would ensure faster and secure digital transformations,” said Samir Shah, CEO, Cyberinc.

About the Gartner Report
The Gartner report, Market Guide for IAM Professional Services, North America, co–authored by Analyst(s): Brian Iverson, Kevin Kampman, Anmol Singh was published on September 13, 2017.

Gartner Disclaimer
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Note:

  • *Cyberinc was formed by merging Spikes Security with Aurionpro's Security Division in the year 2016. Cyberinc, a subsidiary of Aurionpro is focused on helping enterprises secure their digital businesses and expand their security perimeter.

About Cyberinc
Cyberinc is a subsidiary of Aurionpro and delivers advanced security solutions for enterprises. Its offerings include secure, scalable, high performance security products that protect from cyber–attacks, and services that help enterprises transition to next generation access management systems.

For more information, please visit: www.cyberinc.com.

About Aurionpro
Aurionpro Solutions (NSE: AURIONPRO) (BSE: 532668) is a global technology solutions leader that helps enterprises accelerate their digital innovation, securely and efficiently. It combines core domain expertise, thought leadership and service excellence in providing comprehensive IP driven solutions in Enterprise Security, Digital and Banking. Employing more than 1,300 domain and technology experts across North America, Asia and Europe, we have delivered solutions for Fortune 500, global corporations across 5 continents and 22 countries. Aurionpro has been consistently recognized amongst the top 100 technology solutions providers for Financial Services companies. For more information, visit www.aurionpro.com.

Eikos Partners Commercializes User-Adopted, Open Source Javascript Toolkit to Help Sell and Buy Side Firms Build New-Era Technology Skills and Capabilities

NEW YORK, NY—(Marketwired – December 06, 2017) – Eikos Partners, fintech consultants who help capital market participants solve some of their most complex technology and operational challenges, is commercializing JSCatalyst, a JavaScript toolkit that accelerates application development and provides designers with a tool to declaratively build user interfaces that function across all types of devices and browsers. A tier one investment bank and top 10 hedge fund have already deployed the toolkit, with an institutional asset manager going through a POC.

Since financial institutions still operate as silos and legacy systems continue to prevail, business and IT collaboration remains challenging. Implementing an innovative idea or creating a new application that works across devices in a consistent environment becomes a mammoth task. By bringing information technology capability back toward the core of the enterprise, the Eikos Partners team is helping firms build new–era technology skills and capabilities, offering significant competitive advantage.

David Lattimore–Gay, co–founder and CTO, Eikos Partners, said, “Fintech generates excitement, however with disruption comes change to existing architecture and the creation of new deployment challenges. It's no longer acceptable to have applications that only function in a basic web browser. Developers need to think user first. With existing infrastructure and resources within financial institutions, this way of thinking is not a given. This situation leads to poor user experience and solutions. The right toolkit can iron out 95 percent of operational and technical challenges so development teams can focus on adding strategic business value from day one, taking a consistent approach that can withstand the test of time — even when requirements change.”

JSCatalyst provides an alternative to existing toolkits by allowing applications within legacy ecosystems such as .NET and Java to participate as well. The open source toolkit, in combination with its design thinking methodology for financial services, helps buy and sell side firms take a user–first approach when creating business solutions leaving software infrastructure to the open source community.

Mike DeSanti, CTO, LightPoint Financial Technology, said, “LightPoint has developed a next generation trading, risk and analytics platform, the foundation of which is a revolutionary–designed investment book of record (iBOR)]. This system is designed to use microservices and delivered as a cloud based SaaS application. JSCatalyst provides an extensible platform that we can use to create user interfaces that can share a common code base, and is able to run as a desktop application, in a browser, or on a tablet or phone. This ability to be device agnostic is key. Traders and portfolio managers want to be able to take their desktops with them when they are out of the office or on the road. The user interfaces are complex and need to be customized according to an individual trader's or portfolio manager's needs. If we had to support a separate code base for each type of device it would complicate and lengthen our development process, costing us time and money. Instead, we can modify a single code base that can run across multiple devices, which increases our ability to be responsive to our customers.”

A tier one investment bank is already leveraging JSCatalyst and is now able to seize on opportunities in real time and reduce risk exposure, freeing up capital. A top tier hedge fund used the open source toolkit to build a high–performing, low–latency styled blotter application for its traders.

You can find more information on the framework here. To view the blotter, including a live app on OpenFin, see here.

About Eikos Partners
Eikos Partners is a boutique fintech consultancy that helps financial institutions solve some of their most complex technology and operational challenges. At Eikos Partners, everyone has experience working in cutting edge financial technology — at large commercial and investment banks, hedge funds and fintech startups. Around this expertise, we have built a team of people with multiple cores of expertise — business, IT management, architecture, software engineering and technologies. Our goal is to bring better practices, and solution innovation, to the issues faced by financial institutions in meeting ongoing needs, in a constantly changing marketplace. eikospartners.com/blog

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Vernalis and Servier Achieve Research Milestone

WINNERSH, UNITED KINGDOM—(Marketwired – Dec 6, 2017) – Vernalis PLC (LSE: VER)

6 December 2017
LSE: VER

Vernalis and Servier Achieve Research Milestone
in Third Oncology Collaboration

Vernalis plc and Servier today announce the achievement of a pre–clinical milestone in their third oncology drug discovery collaboration. Vernalis will receive a payment of EUR 1.0m from Servier in recognition of this achievement.

This third collaboration with Servier was initiated in January 2012 and utilises Vernalis' proprietary fragment– and structure–based drug discovery platform. Vernalis receives fees and a share in the future success of the product in the form of milestones and royalties on sales. Financial terms are not disclosed.

Ian Garland, CEO of Vernalis commented: “We are delighted by the continuing success of our multiple collaborations with Servier and look forward to further success from this relationship.”

“This new milestone testifies the valuable collaboration between Vernalis and Servier”, said Olivier Geneste, head of research in Oncology at Servier.

— ends —

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement this inside information is now considered to be in the public domain.

Enquiries
 
 
Vernalis plc:   +44 (0) 118 938 0015
Ian Garland, Chief Executive Officer    
David Mackney, Chief Financial Officer
     
Canaccord Genuity Limited (Nominated Adviser and Joint Broker):   +44 (0) 20 7523 8000
Henry Fitzgerald–O'Connor    
Emma Gabriel
     
Shore Capital (Joint Broker):   +44 (0) 20 7408 4090
Mark Percy    
Toby Gibbs
     
FTI Consulting:   +44 (0) 20 3727 1000
Ben Atwell    
Simon Conway
Stephanie Cuthbert
 

Servier
Sonia Marques
Servier Media Relations Dpt.
Tel: +33 1 5572 4021
Email: media@servier.com

Notes to Editors

About Vernalis
Vernalis is a revenue generating, commercial stage pharmaceutical company with significant expertise in drug development. The Group has three approved products: Tuzistra® XR targeting the US prescription cough–cold market; Moxatag®, a once–daily formulation of the antibiotic, amoxicillin, indicated for the treatment of tonsillitis and/or pharyngitis secondary to Streptococcus pyogenes in adults and pediatric patients 12 years and older; and frovatriptan for the acute treatment of migraine. It has an exclusive licensing agreement to develop and commercialise multiple novel products focused on the US prescription cough–cold market as well as eight programmes in its NCE development pipeline. Vernalis has also significant expertise in fragment and structure based drug discovery which it leverages to enter into collaborations with larger pharmaceutical companies. The Company's technologies, capabilities and products have been endorsed over the last five years by collaborations with leading pharmaceutical companies, including Asahi Kasei Pharma, Biogen Idec, Endo, GSK, Genentech, Lundbeck, Menarini, Novartis, Servier, and Tris.

For further information about Vernalis, please visit www.vernalis.com.

About Servier
Servier is an international pharmaceutical company governed by a non–profit foundation, with its headquarters in France (Suresnes). With a strong international presence in 148 countries and a turnover of 4 billion euros in 2016, Servier employs 21,000 people worldwide. Entirely independent, the Group reinvests 25% of its turnover (excluding generic drugs) in research and development and uses all its profits for development. Corporate growth is driven by Servier's constant search for innovation in five areas of excellence: cardiovascular, immune–inflammatory and neuropsychiatric diseases, cancers and diabetes, as well as by its activities in high–quality generic drugs.

More information: www.servier.com

Vernalis Forward–Looking Statement
This news release may contain forward–looking statements that reflect the Company's current expectations regarding future events including the clinical development and regulatory clearance of the Company's products, the Company's ability to find partners for the development and commercialisation of its NCE pipeline, the Company's ability to successfully commercialise its cough–cold products and Moxatag® through its own sales force, as well as the Company's future capital raising activities. Forward–looking statements involve risks and uncertainties. Actual events could differ materially from those projected herein and depend on a number of factors including the success of the Company's research strategies, the applicability of the discoveries made therein, the successful and timely completion of clinical studies, the uncertainties related to the regulatory process, the ability of the Company to identify and agree beneficial terms with suitable partners for the commercialisation and/or development of its products, as well as the achievement of expected synergies from such transactions, the acceptance of Tuzistra® XR, Moxatag®, frovatriptan and other products by consumers and medical professionals, the successful integration of completed mergers and acquisitions and achievement of expected synergies from such transactions, and the ability of the Company to identify and consummate suitable strategic and business combination transactions.

Bluegreen Vacations Corporation and BBX Capital Corporation Announce Exercise of Underwriters' Option to Purchase Additional Shares

BOCA RATON, FL and FORT LAUDERDALE, FL—(Marketwired – December 05, 2017) – Bluegreen Vacations Corporation (NYSE: BXG) (“Bluegreen Vacations”) and its parent company, BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB) (“BBX Capital”), jointly announced today that the underwriters of the previously announced initial public offering of Bluegreen Vacations' common stock have fully exercised their option to purchase an additional 974,797 shares of Bluegreen Vacations' common stock from BBX Capital, as selling shareholder. Pursuant to the terms of the underwriting agreement, the underwriters purchased the additional shares at the public offering price of $14.00 per share, less underwriting discounts and commissions, resulting in additional net proceeds to BBX Capital of approximately $12.7 million. After giving effect to the full exercise of the underwriters' option, the total number of shares sold by BBX Capital in the offering increased to 3,736,722 shares and the total net proceeds to BBX Capital from the sale of shares in the offering are approximately $48.7 million.

As previously announced, Bluegreen Vacations sold 3,736,723 shares in the offering, resulting in estimated net proceeds to Bluegreen Vacations of approximately $47.2 million, after deducting underwriting discounts and commissions and estimated offering expenses. Bluegreen Vacations did not receive any proceeds from the sale of shares by BBX Capital.

Bluegreen Vacations' common stock began trading on the New York Stock Exchange on November 17, 2017 under the symbol “BXG”. BBX Capital owns approximately 90% of Bluegreen Vacations' outstanding common stock.

Stifel and Credit Suisse acted as joint lead book–running managers and as representatives of the underwriters for the offering. BofA Merrill Lynch and SunTrust Robinson Humphrey also acted as joint book–running managers.

A registration statement relating to the securities being sold in the offering was filed with, and declared effective by, the U.S. Securities and Exchange Commission. The offering is being made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained by contacting: Stifel, Nicolaus & Company, Incorporated, Attn: Syndicate, One Montgomery Street, Suite 3700, San Francisco, CA 94104, (415) 364‐2720, syndprospectus@stifel.com; or Credit Suisse Securities (USA) LLC, Attn: Prospectus Dept., One Madison Ave., New York, NY 10010, (800) 221–1037, newyork.prospectus@credit–suisse.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Bluegreen Vacations Corporation:
Bluegreen Vacations Corporation (NYSE: BXG) (formerly Bluegreen Corporation), founded in 1966 and headquartered in Boca Raton, Florida, is a leading vacation ownership company that markets and sells vacation ownership interests (VOIs) and manages resorts in top leisure and urban destinations. The Bluegreen Vacation Club is a flexible, points–based, deeded vacation ownership plan with approximately 211,000 owners, 67 Club and Club Associate Resorts and access to more than 11,000 other hotels and resorts through partnerships and exchange networks. Bluegreen Vacations also offers a portfolio of comprehensive, fee–based resort management, financial, and sales and marketing services, to or on behalf of third parties.

About BBX Capital Corporation:
BBX Capital Corporation (formerly BFC Financial Corporation) (NYSE: BBX) (OTCQX: BBXTB) is a diversified holding company whose activities include an approximate 90% ownership interest in Bluegreen Vacations Corporation and, through its Real Estate and Middle Market Divisions, the acquisition, ownership and management of joint ventures and investments in real estate and real estate development projects and middle market operating businesses.

This press release contains forward–looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All opinions, forecasts, projections, future plans or other statements, other than statements of historical fact, are forward–looking statements. Forward–looking statements involve risks and uncertainties, including that Bluegreen Vacations' expenses related to the offering may be greater than estimated and its net proceeds from the offering may be less than the estimated amount, and risks and uncertainties regarding the impact that the offering may have on BBX Capital and Bluegreen Vacations. Forward–looking statements speak only as of the date of this press release, and neither BBX Capital nor Bluegreen Vacations assumes any obligation to publicly update or revise any forward–looking statements, whether as a result of new information or for any other reason, except as required by law.