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, 2003.