BFC Financial Corporation to Begin Trading on The Nasdaq National Market.Business Editors FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--April 29, 2003 BFC BFC Buffalo Field Campaign (West Yellowstone, Montana) BFC Betty Ford Center BFC British Fashion Council BFC Bicycle Friendly Community BFC Bible Fellowship Church BFC Boavista Futebol Clube Financial Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BFCFA) (OTCBB:BFCFB) announced today that its Class A Common Stock will begin trading on the Nasdaq National Market effective Monday, May 5, 2003 under the symbol "BFCF BFCF Bremerton Freight Car Ferry ". Chairman of the Board, President and Chief Executive Officer, Alan B. Levan stated, "We are excited to have our Class A Common Stock traded on the Nasdaq National Market. We believe that trading on the Nasdaq National Market will make the Class A Common Stock more attractive to investors and that greater interest in the Class A Common Stock will lead to increased trading volume Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. and liquidity." BFC Financial Corporation is a unitary savings bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. holding company as a consequence of its ownership interest in the common stock of BankAtlantic Bancorp, Inc. (NYSE NYSE See: New York Stock Exchange :BBX BBX Business Basic Extended BBX Business Barter Exchange BBX Blue Bell, Pennsylvania (Airport Code) BBX Blockbuster Express (UK video store) ). BankAtlantic Bancorp is also a diversified financial unitary savings bank holding company that owns 100% of the outstanding stock of BankAtlantic, Levitt Corporation and Ryan, Beck & Co., Inc. BFC Financial Corporation's Class A Common Stock (OTCBB:BFCFA) will cease trading on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. at market close on Friday, May 2, 2003. BFC Financial Corporation's Class A Common Stock (Nasdaq:BFCF) will begin trading on the Nasdaq National Market under its new ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "BFCF" effective Monday, May 5, 2003. BFC Financial Corporation's Class B Common Stock will continue to be traded on the OTC Bulletin Board under the symbol "BFCFB". About BFC Financial Corporation: BFC Financial Corporation is a unitary savings bank holding company as a consequence of its ownership interest in the common stock of BankAtlantic Bancorp. In addition to its investment in BankAtlantic Bancorp, BFC Financial Corporation owns and manages real estate, including Burlington Manufacturers Outlet Center, a shopping center in North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , and unsold land at Center Port, an industrial office park in Florida. About BankAtlantic Bancorp: BankAtlantic Bancorp (NYSE:BBX) is a diversified financial services holding company and the parent company of BankAtlantic, Levitt Corporation, and Ryan Beck & Co. Through these subsidiaries, BankAtlantic Bancorp provides a full line of products and services encompassing consumer and commercial banking, brokerage and investment banking, and real estate development. BankAtlantic Bancorp is one of the largest financial institutions headquartered in the State of Florida. BankAtlantic, "Florida's Most Convenient Bank," is one of the largest financial institutions headquartered in Florida and provides a comprehensive offering of banking services and products via its broad network of community branches throughout Florida and its online banking division - BankAtlantic.com. BankAtlantic has 73 branch locations, operates more than 180 conveniently located ATMs and offers extended hours. Seven-Day Branch Banking - Monday through Sunday Extended branch lobby hours are 8:30AM-5:00PM, Monday through Wednesday, and 8:30AM-8:00PM, Thursday and Friday. Extended drive-thru hours are 7:30AM-8:00PM, Monday through Friday. Saturday branch lobby hours are 8:30AM-3:00PM, and drive-thru hours are 7:30AM-6:00PM. Sunday branch lobby hours are 11:00AM-4:00PM, and drive-thru hours are 11:00AM-4:00PM. Levitt Corporation is the parent company of Levitt and Sons, Core Communities, and Levitt Commercial. Levitt Corporation also maintains a 40% ownership interest in Bluegreen Corporation. Levitt and Sons is America's oldest homebuilder and America's first builder of planned suburban communities, and is best known for creating New York's Levittown, Long Island and Levittown, PA. After building approximately 200,000 homes in over 74 years, Levitt and Sons currently develops single and multi-family homes for active adults and families throughout Florida. Core Communities develops master-planned communities in Florida, including its original and best known, St. Lucie West. St. Lucie West, the fastest growing community on Florida's Treasure Coast for the last 7 years, is a 4,600-acre community with 4,000 built and occupied homes, 150 businesses employing 5,000 people and a university campus. Core Communities' newest master-planned community is "Tradition". Now under development on Florida's Treasure Coast in St. Lucie County, Tradition features 5,600 residences, a commercial town center and a world-class corporate park. Levitt Commercial specializes in development, re-development, and joint venture opportunities in industrial and retail properties. Bluegreen Corporation: Levitt Corporation acquired a 40% ownership interest in Bluegreen Corporation (NYSE:BXG). Bluegreen Corp. engages in the acquisition, development, marketing and sale of drive-to vacation resorts, golf communities and residential land. The Company's resorts are located in a variety of popular vacation destinations including the Smoky Mountains of Tennessee; Myrtle Beach and Charleston, South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. ; Branson, Missouri; Wisconsin Dells and Gordonsville, Wisconsin; Aruba and throughout Florida. Bluegreen Corp.'s land operations are predominantly located in the Southeastern and Southwestern United States. Ryan Beck & Co. is a full-service broker Full-Service Broker A broker that provides a large variety of services to its clients, including research and advice, retirement planning, tax tips, and much more. Of course, this all comes at a price, as commissions at full-service brokerages are much higher than those at discount dealer engaging in underwriting, market making, distribution, and trading of equity and debt securities. The firm also provides money management services, general securities brokerage, including financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against for the individual investor, consulting and financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to financial institutions and middle market companies. Ryan Beck & Co. also provides independent research in the financial institutions, healthcare, technology, and consumer product industries. Ryan Beck & Co. has in excess of 500 financial consultants located in 42 offices nationwide. For further information, please visit our websites: http://www.BankAtlanticBancorp.com http://www.BankAtlantic.com http://www.LevittandSons.com http://www.CoreCommunities.com http://www.LevittCommercial.com http://www.RyanBeck.com http://www.Cumber cum·ber tr.v. cum·bered, cum·ber·ing, cum·bers 1. To weigh down; burden: was cumbered with many duties. 2. .com http://www.GMSgroup.com Statements in this press release may constitute forward-looking statements and are made pursuant to the Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements are based largely on expectations and are subject to a number of risks and uncertainties that are subject to change based on factors which are, in many instances, beyond BFC Financial Corporation's control, including, but not limited to, the risks and uncertainties associated with economic, competitive and other factors affecting BFC Financial Corporation and its subsidiaries and their respective operations, markets, products and services, that shares of the Class A Common Stock may not begin to trade on the Nasdaq National Market when expected, that trading on the Nasdaq National Market may not make the Class A Common Stock more attractive to investors, that greater interest in the Class A Common Stock may not occur, that trading volume and liquidity of the Class A Common Stock may not increase, and other factors detailed in BFC Financial Corporation's filings with the Securities and Exchange Commission. |
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