FORT LAUDERDALE, FL--(Marketwired - April 25, 2018) - BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB) ("BBX Capital"), announced that Bluegreen Vacations Corporation (NYSE: BXG), which is 90% owned by BBX Capital, issued the following release. 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. About Bluegreen Vacations Corporation: Bluegreen Vacations Corporation (NYSE: BXG) 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 213,000 owners, 67 Club and Club Associate Resorts and access to more than 11,000 other hotels and resorts through partnerships and exchange networks as of December 31, 2017. 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. Bluegreen is 90% owned by BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB), a diversified holding company. For further information, visit www.BluegreenVacations.com.The Bluegreen Vacations press release follows below:Bluegreen Vacations™ Expands Virtual Reality Capabilities With Launch of Second Bluegreen VR Experience in 2018- Springfield, Missouri follows Memphis, Tennessee as the second location offering an immersive preview of life as a Bluegreen Vacation owner -BOCA RATON, Florida (April 25, 2018) - Bluegreen Vacations (NYSE: BXG) announced that the second location of its custom-built virtual reality (VR) experience will be in Springfield, Missouri. Its first VR location was launched in Memphis, Tennessee late last year. Powered by Oculus Rift, the self-guided experience transports visitors to one of three resorts in the Bluegreen Vacation Club and provides 360-degree videos previewing unique on-site amenities, room and common area views, as well as nearby attractions. The Springfield launch follows just months after Bluegreen Vacations' pilot installation debuted inside the Bass Pro Shops® at the Pyramid in Memphis with ten Oculus Rift stations in an open air location as well as a private journey room. The new Springfield VR experience, located inside Bass Pro's largest and original store, has three Oculus stations showcasing Bluegreen's properties on-site at the Big Cedar Resort with interactive 360-degree video previews of the exclusive on-site amenities and experiences owners have access to, including Big Cedar's award-winning golf courses and spa, a family-style amusement park, as well as a 10,000-acre nature and wildlife exhibit. "VR technology allows travelers to immerse themselves in the great outdoors and Bluegreen Vacations resorts in a way that a static image simply can't provide," said Famous Rhodes, Executive Vice President and Chief Marketing Officer of Bluegreen Vacations. "Bluegreen continues to test and pilot new technologies for introducing the Bluegreen Vacations experience to the millions of consumers that walk through our partner retail stores and outlets. The evolution of our VR capabilities and the opening of our second public experience is a testament to our commitment to pursuing emerging technologies which can enhance our customers' experience. For more information, visit BluegreenVacations.com or visit the Springfield, Missouri or Memphis, Tennessee Bass Pro Shops® stores during regular business hours. About Bluegreen Vacations Corporation: Bluegreen Vacations Corporation (NYSE: BXG) 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 213,000 owners, 67 Club and Club Associate Resorts and access to more than 11,000 other hotels and resorts through partnerships and exchange networks as of December 31, 2017. 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. Bluegreen is 90% owned by BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB), a diversified holding company. For further information, visit www.BluegreenVacations.com.About BBX Capital Corporation: BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB), is a Florida-based diversified holding company whose activities include its 90% 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. Forward-Looking Statements:
Certain statements in this press release are "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 statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements are based on current expectations of management and can be identified by the use of words such as "believe", "may", "could", "should", "plans", "anticipates", "intends", "estimates", "expects", and other words and phrases of similar impact. Forward-looking statements involve risks, uncertainties and other factors, many of which are beyond our control, that may cause actual results or performance to differ from those set forth or implied in the forward-looking statements. These risks and uncertainties include, without limitation, that the VR capabilities will not enhance customer experience, be pursued in the future, be successful in attracting customers to Bluegreen Vacations or result in the sale of Bluegreen VOIs, as well as the additional risks and uncertainties described in Bluegreen's filings with the Securities and Exchange Commission, including, without limitation, those described in the "Risk Factors" section of Bluegreen's Annual Report on Form 10-K for the year ended December 31, 2017. Bluegreen cautions that the foregoing factors are not exclusive. You should not place undue reliance on any forward-looking statement, which speaks only as of the date made. Bluegreen does not undertake, and specifically disclaims any obligation, to update or supplement any forward-looking statements.
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