BOCA RATON, Fla.--(BUSINESS WIRE)--June 6, 2003--Bluegreen
Corporation (NYSE:BXG), a leading U.S. developer and marketer of
drive-to timeshare resorts ("Bluegreen(R) Resorts") and planned
residential and golf communities ("Bluegreen Communities"), today
announced that Douglas O. Kinsey has been named Senior Vice President
of Acquisitions and Development.
Kinsey is responsible for locating, negotiating and completing
acquisitions supporting the Company's growth plans for the Bluegreen
Vacation Club(R), a program that allows customers to purchase points
that can be used at any Bluegreen Resort within the Company's system.
He will be based at Bluegreen's corporate headquarters in Boca Raton,
FL, with an additional office in Atlanta, GA.
Since 1997, Kinsey served as Senior Vice President of Real Estate
Acquisitions of Fairfield Resorts. Prior to that, Kinsey served as
Senior Vice President of Sales and Marketing at NACO/Thousand Trails,
Inc. In this position, he was responsible for management, sales and
support staff at 9 full-service resorts and 29 RV Parks in 18 states.
George Donovan, President and CEO of Bluegreen, commented, "Doug
is an industry veteran with a proven track record in acquisitions,
sales, marketing and management. We believe that he will be
instrumental in supporting our growth plans for the Bluegreen Vacation
Club. We look forward to Doug's leadership in expanding Bluegreen's
portfolio of Resort properties and broadening the Vacation Club's
appeal to a wider range of potential owners."
About Bluegreen Corporation
Bluegreen(R) is one of the leading companies engaged in the
acquisition, development, marketing and sale of Bluegreen Resorts and
Bluegreen Communities. Bluegreen Resorts are located in a variety of
popular vacation destinations including Orlando, Florida; the Smoky
Mountains of Tennessee; Myrtle Beach, South Carolina; Charleston,
South Carolina; Branson, Missouri; Wisconsin Dells, Wisconsin;
Gordonsville, Virginia; Ridgedale, Missouri; Surfside, Florida; Boyne
Mountain, MI; Big Sky, Montana; and Aruba, while its Bluegreen
Communities operations are predominantly located in the Southeastern
and Southwestern United States.
Note to Editors: (C) 2003 Bluegreen Corporation. All rights
reserved. Bluegreen is a registered trademark.
This press release contains forward-looking statements and the
Company desires to take advantage of the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995 in connection
with these statements. Statements contained herein are not statements
of historical fact may be deemed forward-looking statements. The words
"believe," "expect," "intend," "anticipate," "project," "may,"
"should," "designed to," "estimate," "hope," "plan" and similar
expressions identify forward-looking statements, which speak only as
of the date the statement was made. The Company does not undertake and
specifically disclaims any obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events, or otherwise. Forward-looking statements are based on
current expectations and assumptions and are inherently subject to
risks and uncertainties, some of which cannot be predicted or
quantified and many of which are beyond the Company's control. Future
events could differ materially from those set forth in, contemplated
by, or underlying such forward-looking statements. The risks and
uncertainties to which forward-looking statements are subject to
include, but are not limited to, risks detailed from time-to-time in
the Company's filings with the Securities and Exchange Commission,
including its most recent Transition Report on Form 10-KT filed on
March 31, 2003, and its Quarterly Report on Form 10-Q filed on May 15,
Bluegreen Corporation, Boca Raton
John Chiste (investors), 561/912-8010
Lisa Thornhill (media), 561/912-8251
Investor Relations Contact:
The Equity Group Inc., New York
Devin Sullivan, 212/836-9608
Adam Prior, 212/836-9606
SOURCE: Bluegreen Corp.