Market Overview

Bluegreen Vacations to Continue Zero Tolerance Strategy against Timeshare Exit Companies


Bluegreen Vacations Corporation (NYSE:BXG) ("Bluegreen"), today
announced that multiple third-party timeshare exit firms ceased pursuit
of contract termination claims on behalf of over 175 Bluegreen Vacation
Club owners. Bluegreen intends to continue its zero tolerance policy
towards abusive practices by so-called "timeshare exit firms."

Timeshare exit firms' television, radio and internet ads encourage
vacation owners to believe they can walk away from financial obligations
by simply employing the exit firms. But they don't disclose that to
obtain the exit firms' services, vacation owners are typically asked to
pay upfront fees of up to $5,000 or more and that the services they
provide almost entirely consist of form letters asserting boilerplate
claims that are meritless. Unfortunately, once the vacation ownership
company receives the attorneys' demand letters it terminates the ability
of the vacation ownership company to deal directly with the owners,
which among other things, makes it difficult for Bluegreen to discuss
the options available to an owner. Bluegreen's experience has been that
the false claims asserted by the exit firms often result in loan
defaults and unfavorable credit reporting if customers stop making

Frequently, attorneys for the exit firms do not even appear in court to
represent the customers they purport to represent.

Bluegreen believes that if the exit firms disclosed that the exit plan
was to assert generic and frivolous claims and the potential resulting
harm to the owners' credit profile, few timeshare owners would pay to
engage those firms. Bluegreen has adopted a zero tolerance approach for
dealing with false and abusive claims.

Bluegreen has and will continue to evaluate every claim presented to it
on the merits. However, if a meritless claim is presented, Bluegreen
will not respond or negotiate with the exit firms and will instead
vigorously seek to enforce its contractual rights, including but not
limited to, filing suit in a court of law where appropriate.

While this decision has increased legal expenses, Bluegreen believes
this is a long-term strategy that will result in supporting vacation
owners and will deter abusive practices on the part of the timeshare
exit companies and timeshare exit attorneys. Bluegreen Vacations is
committed to helping its owners avoid the pitfalls of dealing with
abusive timeshare exit firms by providing education on alternative
options available to them based on their individual situations.

As a leading vacation ownership company for over 20 years, Bluegreen
Vacations takes pride in providing over 215,000 owners with unique
vacation ownership experiences across 69 Club and club associate resorts
and the fact that approximately 50% of Bluegreen's sales volume is from
existing owners is evidence of the happiness of its owner base.

Bluegreen is working with the American Resort Development Association
(ARDA), local Better Business Bureau's and a variety of regulatory
agencies to raise awareness of the practices of timeshare exit companies
and timeshare exit lawyers.

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 215,000 owners, 69 Club and Club
Associate Resorts and access to more than 11,100 other hotels and
resorts through partnerships and exchange networks as of June 30, 2018.
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

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

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
Bluegreen will not be successful in limiting the activities of timeshare
exit attorneys and their attorneys, that the cost of its zero tolerance
policy will result in additional costs and expenses and that the company
may not be successful in litigation where it is a party. For a
description of other risks and uncertainties, please review the "Risk
Factors" section and other information contained in the Company's Annual
Report on Form 10-K for the year ended December 31, 2017, filed with the
Securities and Exchange Commission, which are available on the SEC's
and on Bluegreen's website,

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