fbpx

BBX Capital Corporation Reports Financial Results For the Third Quarter 2019

FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB) (“BBX Capital” or the “Company”) reported today its financial results for the quarter ended September 30, 2019.

Selected highlights of BBX Capital’s consolidated financial results include:

Third Quarter 2019 Compared to Third Quarter 2018:

  • Total consolidated revenues of $255.1 million vs. $254.4 million
  • Net income attributable to shareholders of $22.4 million vs. $6.2 million
  • Diluted earnings per share of $0.24 vs. $0.06
  • Free cash flow of $50.1 million vs. $17.7 million(1)
  • Adjusted EBITDA of $52.1 million vs. $22.1 million(2)
(1)

See the supplemental tables included in this release for a reconciliation of BBX Capital’s cash flow from operating activities to free cash flow, which is defined as

cash provided by operating activities less capital expenditures for property and equipment.

(2)

See the supplemental tables included in this release for a reconciliation of BBX Capital’s net income to Adjusted EBITDA.

Balance Sheet as of September 30, 2019 Compared to December 31, 2018

  • Total consolidated assets of $1.8 billion vs. $1.7 billion
  • Total shareholders’ equity of $556.7 million vs. $549.6 million
  • Fully diluted book value per share of $5.77 vs. $5.70 (1)
(1)

Fully diluted book value per share is shareholders’ equity divided by the number of Class A and Class B common shares outstanding plus unvested restricted stock awards as of period end

During the quarter ended September 30, 2019, the Company repurchased approximately 1.4 million shares of its Class A Common Stock for $7.0 million pursuant to the share repurchase program approved by the Company’s Board of Directors in June 2017. As of September 30, 2019, the Company had repurchased approximately 3.3 million shares of its Class A Common Stock for $18.9 million under the June 2017 repurchase program.

Alan B. Levan, Chairman and Chief Executive Officer of BBX Capital Corporation, commented, “The third quarter of 2019 reflects our ongoing objectives to increase intrinsic value for our shareholders, to position our segments for long-term growth, and to streamline our business verticals. During the quarter, we realized our investment in our Altis at Bonterra joint venture, which resulted in earnings of $29.1 million and cash proceeds of $46.0 million. In addition, Bluegreen remained focused on its ongoing growth initiatives, including the addition of vacation package sales kiosks in seven Cabela’s locations and the addition of inventory and sales office space at the Fountains Resort in Orlando, Florida. Further, as part of our ongoing efforts to streamline our business verticals, we exited our operations as a franchisee of MOD Pizza restaurants in Florida.”

“As we have stated each quarter, since many of BBX Capital’s assets do not generate income on a regular or predictable basis, our objective continues to be long term growth as measured by increases in book value and intrinsic value over time,” Levan concluded.

—————

For more complete and detailed information regarding BBX Capital and its financial results, business, operations, investments and risks, please see BBX Capital’s Annual Report on Form 10-K for the year ended December 31, 2018 and its Quarterly Report on Form 10-Q for the quarter ended September 30, 2019, which will be available on the SEC’s website, https://www.sec.gov, and on BBX Capital’s website, www.BBXCapital.com, upon filing with the SEC.

Non-GAAP Financial Measures: The Company refers to certain non-GAAP financial measures in this press release, including EBITDA, Adjusted EBITDA, System-wide Sales of VOIs, and Free Cash Flow. Please see the supplemental tables herein for how these terms are defined and for reconciliations of such measures to the most comparable GAAP financial measures.

***

The following selected information relates to the operating activities of Bluegreen Vacations, BBX Capital Real Estate, Renin, and IT’SUGAR.

Bluegreen Vacations – Selected Financial Data

Selected highlights of Bluegreen Vacations’ financial results include:

Third Quarter 2019 Compared to Third Quarter 2018:

  • Sales of Vacation Ownership Interests (“VOIs”) of $66.3 million vs. $70.7 million
  • System-wide sales of VOIs of $170.4 million vs. $173.3 million (1)
  • Other fee-based services revenue of $33.7 million vs. $31.1 million
  • Income before income taxes of $30.4 million vs. $32.5 million
  • Adjusted EBITDA of $37.0 million vs. $34.9 million (2)
  • Free cash flow of $34.7 million vs. $13.3 million (3)
(1)

See the supplemental tables included in this release for a reconciliation of Bluegreen’s Sales of VOIs to System-wide sales of VOIs.

(2)

See the supplemental tables included in this release for a reconciliation of Bluegreen’s net income to Adjusted EBITDA.

(3)

See the supplemental tables included in this release for a reconciliation of Bluegreen’s cash flow from operating activities to free cash flow.

In addition to BBX Capital’s Annual Report on Form 10-K for the year ended December 31, 2018, more complete and detailed information regarding Bluegreen Vacations and its financial results, business, operations, and risks can be found in Bluegreen Vacations’ Annual Report on Form 10-K for the year ended December 31, 2018 and its Quarterly Report on Form 10-Q for the quarter ended September 30, 2019, which are available to view on the SEC’s website, https://www.sec.gov, and on Bluegreen Vacations’ website, www.BluegreenVacations.com.

BBX Capital Real Estate – Selected Financial Data

Selected highlights of BBX Capital Real Estate’s (“BBXRE”) financial results include:

Third Quarter 2019 Compared to Third Quarter 2018:

  • Revenues of $1.1 million vs. $8.3 million
  • Equity in net earnings of unconsolidated real estate joint ventures of $28.5 million vs. $0.4 million
  • Income before income taxes of $29.1 million vs. $1.9 million

BBXRE’s results for the quarter ended September 30, 2019 as compared to the same 2018 period reflect an increase in equity in earnings of unconsolidated joint ventures primarily due to the Altis at Bonterra joint venture’s sale of its 314 unit multifamily apartment community located in Hialeah, Florida. As a result of the sale, BBXRE recognized $29.1 million of equity earnings and received approximately $46.0 million of distributions from the joint venture during the third quarter of 2019.

Renin – Selected Financial Data

Selected highlights of Renin’s financial results include:

Third Quarter 2019 Compared to Third Quarter 2018:

  • Trade sales of $16.4 million vs. $15.3 million
  • Gross margin of $3.5 million vs. $3.0 million
  • Gross margin percentage of 21.04% vs. 19.73%
  • Income before income taxes of $479,000 vs. $693,000
  • Adjusted EBITDA of $0.9 million vs $1.3 million (1)
(1)

See the supplemental tables included in this release for a reconciliation of Renin’s net income to Adjusted EBITDA.

Renin’s operating results for the quarter ended September 30, 2019 as compared to the same 2018 period reflect an increase in trade sales due to higher sales volume from Renin’s retail channel customers and an improvement in Renin’s gross margin percentage, which reflects lower cost of manufactured products and a barn door product promotion in 2018 that was not repeated in 2019, partially offset by the impact of tariffs on products imported from China. These improvements were offset by an increase in selling, general and administrative expenses primarily due to consulting expenses and higher employee compensation expenses associated with performance bonuses.

IT’SUGAR- Selected Financial Data

Selected highlights of IT’SUGAR’s financial results include:

Third Quarter 2019 Compared to Third Quarter 2018:

  • Trade sales of $24.7 million vs. $22.7 million
  • Gross margin of $10.8 million vs. $10.4 million
  • Gross margin percentage of 43.67% vs. 46.01%
  • Income before income taxes of $1.2 million vs. $1.6 million
  • Adjusted EBITDA of $2.4 million vs $2.7 million (1)
(1)

See the supplemental tables included in this release for a reconciliation of IT’SUGAR’s net income to Adjusted EBITDA

IT’SUGAR’s operating results for the quarter ended September 30, 2019 as compared to the same 2018 period reflect a net increase in trade sales and gross margin primarily due to the opening of new locations during the fourth quarter of 2018 and the first nine months of 2019, including the FAO Schweetz location in New York City and the Grand Bazaar location in Las Vegas. These increases were offset by a net increase in selling, general, and administrative expenses primarily due to expenses associated with IT’SUGAR’s new locations, executive severance expense, and costs related to the closure of certain store locations.

IT’SUGAR anticipates opening a 21,000 square foot, three-story flagship location at American Dream, a three million square foot shopping and entertainment complex in New Jersey, during the fourth quarter of 2019.

Other Investments

The Company also has other investments in various operating businesses that generated aggregate losses before income taxes of $6.3 million and $2.7 million during the three months ended September 30, 2019 and 2018, respectively. The aggregate losses for the three months ended September 30, 2019 includes $4.0 million of impairment losses recognized in connection with the Company’s exit of its operations as a franchisee of MOD Pizza restaurant locations in Florida, as the Company terminated its area development and franchise agreements with MOD Pizza, transferred seven of its restaurant locations to MOD Pizza, and closed its remaining two locations during the third quarter of 2019.

About BBX Capital Corporation: BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB) is a Florida-based diversified holding company whose principal investments include Bluegreen Vacations Corporation (NYSE: BXG), BBX Capital Real Estate, Renin, and IT’SUGAR. 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 popular leisure and urban destinations. The Bluegreen Vacation Club is a flexible, points-based vacation ownership plan with approximately 219,000 owners, 69 Club and Club Associate Resorts and access to nearly 11,400 other hotels and resorts through partnerships and exchange networks as of September 30, 2019. 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 approximately 90% owned by BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB), a diversified holding company. For further information, visit www.BluegreenVacations.com.

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”). We can give no assurance that such expectations will prove to have been correct. 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 and 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 and their respective investments and operations, and the reader should note that prior or current performance is not a guarantee or indication of future performance. Future results could differ materially as a result of a variety of risks and uncertainties. Some factors which may affect the accuracy of the forward-looking statements apply generally to the industries in which the Company operates, including the resort development and vacation ownership industries in which Bluegreen operates, the development, operation, management and investment in residential and commercial real estate, the home improvement industry in which Renin operates, and the sugar and confectionery industry in which IT’SUGAR operates. 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; the risk that BBX Capital’s efforts to streamline its businesses and reduce losses may not be successful or achieve the anticipated or desired benefits; the performance of entities of which BBX Capital has acquired or in which it has made investments may not be profitable or perform as anticipated; the risk that BBX Capital is dependent upon dividends from its subsidiaries, principally Bluegreen, to fund its operations and that its subsidiaries may not be in a position to pay dividends at current levels, if at all, dividend payments may be subject to certain restrictions, including restrictions contained in debt instruments, and may be subject to declaration by such subsidiary’s board of directors or managers; the risks relating to acquisitions, including acquisitions in diverse activities, including the risk that they will not perform as expected and will adversely impact the Company’s results; risks relating to the monetization of BBX Capital’s legacy assets; and risks related to litigation and other legal proceedings involving BBX Capital and its subsidiaries. The Company’s investment in Bluegreen Vacations Corporation exposes the Company to risks of Bluegreen’s business including risks relating to its ability to increase VOI sales and profitability and risks inherent in the vacation ownership industry, risks relating to its operations, its relationships with its strategic partners and its ability to successfully grow new marketing partnerships and alliances, risks that Bluegreen’s marketing alliances will not contribute to growth or be profitable, risks that the expansion of the Bass Pro/Cabela’s marketing channels will not be successful or occur as anticipated; as well as other risks relating to the ownership of Bluegreen’s common stock, including those described in Bluegreen’s Annual and Quarterly Reports filed with the SEC. In addition, with respect to BBX Capital Real Estate, Renin, IT’SUGAR, and its other investments in operating businesses, the risks and uncertainties include risks relating to the real estate market and real estate development, the risk that joint venture partners may not fulfill their obligations and the projects may not be developed as anticipated or be profitable, risks related to the concentration of investments with the same joint venture partner, and the risk that contractual commitments may not be completed on the terms provided or at all; risks relating to acquisition and performance of operating businesses, including integration risks, risks regarding achieving profitability, foreign currency transaction risk, goodwill and other intangible impairment risks, risks relating to restructurings and restated charges, and the risk that assets may be disposed of at a loss. 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, 2018 and its Quarterly Report on Form 10-Q for the quarter ended September 30, 2019, which will be available on the SEC’s website, https://www.sec.gov, and on BBX Capital’s website, www.BBXCapital.com, upon filing with the SEC. The Company cautions that the foregoing factors are not exclusive, and that the reader should not place undue reliance on any forward-looking statement, which speaks only as of the date made.

 

The following supplemental table presents BBX Capital’s Consolidating Statement of Operations (unaudited) for the three months ended September 30, 2019 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues:

 

Bluegreen

 

BBX

Capital

Real

Estate

 

Renin

 

IT’SUGAR

 

Other

 

Reconciling

Items and

Eliminations

 

Segment

Total

Sales of VOIs

$

66,318

 

 

 

 

 

 

66,318

Fee-based sales commissions

 

60,478

 

 

 

 

 

 

60,478

Other fee-based services

 

33,744

 

 

 

 

 

 

33,744

Cost reimbursements

 

21,111

 

 

 

 

 

 

21,111

Trade sales

 

 

 

16,442

 

24,678

 

6,541

 

(1)

 

47,660

Sales of real estate inventory

 

 

370

 

 

 

 

 

370

Interest income

 

22,081

 

166

 

 

 

45

 

(495)

 

21,797

Net gains on sales of real estate assets

 

 

399

 

 

 

 

 

399

Other revenue

 

2,146

 

197

 

 

15

 

1,053

 

(174)

 

3,237

Total revenues

 

205,878

 

1,132

 

16,442

 

24,693

 

7,639

 

(670)

 

255,114

Costs and expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of VOIs sold

 

3,121

 

 

 

 

 

 

3,121

Cost of other fee-based services

 

23,746

 

 

 

 

 

 

23,746

Cost reimbursements

 

21,111

 

 

 

 

 

 

21,111

Cost of trade sales

 

 

 

12,983

 

13,902

 

4,976

 

(1)

 

31,860

Cost of real estate inventory sold

 

 

 

 

 

 

 

Interest expense

 

10,388

 

 

131

 

24

 

29

 

1,298

 

11,870

Recoveries from loan losses, net

 

 

(1,821)

 

 

 

 

 

(1,821)

Impairment losses

 

 

37

 

 

 

3,993

 

 

4,030

Selling, general and administrative expenses

 

117,159

 

2,336

 

2,849

 

9,567

 

4,900

 

11,738

 

148,549

Total costs and expenses

 

175,525

 

552

 

15,963

 

23,493

 

13,898

 

13,035

 

242,466

Equity in net earnings of unconsolidated real estate joint ventures

 

 

28,534

 

 

 

 

 

28,534

Foreign exchange gain (loss)

 

 

 

 

 

 

 

Income (loss) before income taxes

$

30,353

 

29,114

 

479

 

1,200

 

(6,259)

 

(13,705)

 

41,182

The following supplemental table presents BBX Capital’s Consolidating Statement of Operations (unaudited) for the three months ended September 30, 2018 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bluegreen

 

BBX

Capital

Real

Estate

 

Renin

 

IT’SUGAR

 

Other

 

Reconciling

Items and

Eliminations

 

Segment

Total

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales of VOIs

$

70,698

 

 

 

 

 

 

70,698

 

Fee-based sales commissions

 

61,641

 

 

 

 

 

 

61,641

 

Other fee-based services

 

31,057

 

 

 

 

 

 

31,057

 

Cost reimbursements

 

16,900

 

 

 

 

 

 

16,900

 

Trade sales

 

 

 

15,330

 

22,663

 

5,815

 

(5)

 

43,803

 

Sales of real estate inventory

 

 

7,478

 

 

 

 

 

7,478

 

Interest income

 

21,531

 

229

 

 

 

10

 

(613)

 

21,157

 

Other revenue

 

378

 

572

 

 

99

 

840

 

(220)

 

1,669

 

Total revenues

 

202,205

 

8,279

 

15,330

 

22,762

 

6,665

 

(838)

 

254,403

 

Costs and expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of VOIs sold

 

11,237

 

 

 

 

 

 

11,237

 

Cost of other fee-based services

 

19,937

 

 

 

 

 

 

19,937

 

Cost reimbursements

 

16,900

 

 

 

 

 

 

16,900

 

Cost of trade sales

 

 

 

12,306

 

12,236

 

4,420

 

(5)

 

28,957

 

Cost of real estate inventory sold

 

 

4,655

 

 

 

 

 

4,655

 

Interest expense

 

9,208

 

 

157

 

 

53

 

1,712

 

11,130

 

Recoveries from loan losses, net

 

 

(443)

 

 

 

 

 

(443)

 

Impairment losses

 

 

193

 

 

 

 

 

193

 

Selling, general and administrative expenses

 

112,407

 

2,307

 

2,250

 

8,962

 

4,868

 

12,765

 

143,559

 

Total costs and expenses

 

169,689

 

6,712

 

14,713

 

21,198

 

9,341

 

14,472

 

236,125

 

Equity in net earnings of unconsolidated real estate joint ventures

 

 

373

 

 

 

 

 

373

 

Foreign exchange gain

 

 

 

76

 

 

 

 

76

 

Income (loss) before income taxes

$

32,516

 

1,940

 

693

 

1,564

 

(2,676)

 

(15,310)

 

18,727

 

 

The following supplemental table presents BBX Capital’s Consolidating Statement of Operations (unaudited) for the nine months ended September 30, 2019 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bluegreen

 

BBX|

Capital

Real

Estate

 

Renin

 

IT’SUGAR

 

Other

 

Reconciling

Items and

Eliminations

 

Segment

Total

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales of VOIs

$

186,351

 

 

 

 

 

 

186,351

Fee-based sales commissions

 

161,033

 

 

 

 

 

 

161,033

Other fee-based services

 

94,015

 

 

 

 

 

 

94,015

Cost reimbursements

 

58,705

 

 

 

 

 

 

58,705

Trade sales

 

 

 

51,124

 

63,347

 

24,250

 

(16)

 

138,705

Sales of real estate inventory

 

 

5,030

 

 

 

 

 

5,030

Interest income

 

65,964

 

631

 

 

 

130

 

(1,995)

 

64,730

Net gains on sales of real estate assets

 

 

11,395

 

 

 

 

 

11,395

Other revenue

 

4,228

 

1,492

 

152

 

241

 

2,020

 

(593)

 

7,540

Total revenues

 

570,296

 

18,548

 

51,276

 

63,588

 

26,400

 

(2,604)

 

727,504

Costs and expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of VOIs sold

 

17,541

 

 

 

 

 

 

17,541

Cost of other fee-based services

 

66,538

 

 

 

 

 

 

66,538

Cost reimbursements

 

58,705

 

 

 

 

 

 

58,705

Cost of trade sales

 

 

 

40,989

 

37,442

 

16,563

 

(16)

 

94,978

Cost of real estate inventory sold

 

 

2,643

 

 

 

 

 

2,643

Interest expense

 

29,955

 

 

387

 

81

 

72

 

4,184

 

34,679

Recoveries from loan losses, net

 

 

(4,206)

 

 

 

 

 

(4,206)

Impairment losses

 

 

37

 

 

 

6,749

 

 

6,786

Selling, general and administrative expenses

 

355,041

 

6,709

 

8,326

 

26,645

 

16,061

 

35,728

 

448,510

Total costs and expenses

 

527,780

 

5,183

 

49,702

 

64,168

 

39,445

 

39,896

 

726,174

Equity in net earnings of unconsolidated real estate joint ventures

 

 

37,276

 

 

 

 

 

37,276

Foreign exchange loss

 

 

 

(24)

 

 

 

 

(24)

Income (loss) before income taxes

$

42,516

 

50,641

 

1,550

 

(580)

 

(13,045)

 

(42,500)

 

38,582

The following supplemental table presents BBX Capital’s Consolidating Statement of Operations (unaudited) for the nine months ended September 30, 2018 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bluegreen

 

BBX

Capital

Real

Estate

 

Renin

 

IT’SUGAR

 

Other

 

Reconciling

Items and

Eliminations

 

Segment

Total

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales of VOIs

$

195,412

 

 

 

 

 

 

195,412

Fee-based sales commissions

 

167,581

 

 

 

 

 

 

167,581

Other fee-based services

 

89,472

 

 

 

 

 

 

89,472

Cost reimbursements

 

47,157

 

 

 

 

 

 

47,157

Trade sales

 

 

 

47,205

 

58,967

 

19,954

 

(12)

 

126,114

Sales of real estate inventory

 

 

17,138

 

 

 

 

 

17,138

Interest income

 

63,771

 

2,064

 

 

1

 

105

 

(2,203)

 

63,738

Net gains on sales of real estate assets

 

 

4,802

 

 

 

 

 

4,802

Other revenue

 

1,269

 

2,020

 

 

134

 

1,455

 

(600)

 

4,278

Total revenues

 

564,662

 

26,024

 

47,205

 

59,102

 

21,514

 

(2,815)

 

715,692

Costs and expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of VOIs sold

 

19,838

 

 

 

 

 

 

19,838

Cost of other fee-based services

 

53,983

 

 

 

 

 

 

53,983

Cost reimbursements

 

47,157

 

 

 

 

 

 

47,157

Cost of trade sales

 

 

 

38,454

 

34,020

 

15,583

 

(12)

 

88,045

Cost of real estate inventory sold

 

 

11,283

 

 

 

 

 

11,283

Interest expense

 

25,470

 

 

497

 

 

241

 

4,661

 

30,869

Recoveries from loan losses, net

 

 

(7,258)

 

 

 

 

 

(7,258)

Impairment losses

 

 

362

 

 

 

187

 

 

549

Selling, general and administrative expenses

 

315,535

 

7,175

 

7,641

 

25,559

 

16,541

 

37,908

 

410,359

Total costs and expenses

 

461,983

 

11,562

 

46,592

 

59,579

 

32,552

 

42,557

 

654,825

Equity in net earnings of unconsolidated real estate joint ventures

 

 

1,165

 

 

 

 

 

1,165

Foreign exchange gain

 

 

 

91

 

 

 

 

91

Income (loss) before income taxes

$

102,679

 

15,627

 

704

 

(477)

 

(11,038)

 

(45,372)

 

62,123

Contacts

BBX Capital Corporation Contact Info:
Investor Relations: Leo Hinkley, Managing Director, Investor Relations Officer

954-940-5300, Email: [email protected]

Media Relations Contacts: Kip Hunter Marketing, 954-765-1329, Nicole Lewis / Shannon O’Malley

Email: [email protected], [email protected]

Read full story here

leverton

I have been involved with publishing and marketing for the past 37 years. My passion is helping people share their voice. I am able to do this through two important venues: One, with Area-Info.net where people can share everything from opinions to events to news. It is your choice! What do you want to share? Two, through a new program called America's Real Deal I am involved with to help business owners get their voice heard. For people who love to save money and earn while saving, there is a new program called the r network. You are provided with a card that entitles the user to automatic savings on more than 300,000 products. Learn more about the revv card today. This is by invitation only to be some of the first people to get this card. I schedule speaking engagements with community groups and business groups to share my passion about the importance of "sharing your voice". Contact me directly at [email protected] for scheduling information.

You May Also Like