Bluegreen Corporation Celebrates 20 Years in Boca Raton, Florida

Bluegreen Corporation (NYSE: BXG), a leading provider of Colorful Places to Live and Play, announced it will be celebrating its 20th Anniversary at its Boca Raton, Florida location, during the week of August 15, 2011. The week-long celebration will begin with a Ribbon Cutting Ceremony at 9am, Monday, August 15th. The Company’s celebrations will commemorate its growth and success in the timeshare, resort management and real estate industry since its relocation to South Florida.

Founded in 1966 as Patten Corporation, by Harry Patten, the company celebrated 25 years of success as a land sales company in Vermont before it opened its Boca Raton location. In 1994, the firm was joined by George F. Donovan, who served as President and Chief Executive Officer. Donovan repositioned Bluegreen for long-term growth by streamlining the company’s land development business and expanding into the vacation ownership and golf industries. In 1996, Patten Corporation changed its name to Bluegreen, NYSE ticker symbol: BXG. In 2007, upon Donovan’s retirement, John Maloney stepped up from Director of Bluegreen Resorts to President and CEO. [member]

Today, Bluegreen Corporation is a dynamic, profitable company led by talented, dedicated people who share a single vision: to be recognized as a leader in superior leisure and lifestyle products and services, which help individuals and families improve the quality of their lives. The company’s original core values of excellence, integrity, customer service, speed and urgency, and respect for people are qualities that Bluegreen Corporation still holds with high regard.

“As Bluegreen has grown to include some 222,000 owners, over 50 resorts and an additional 4,000 resorts are available through our exchange network, we are proud to say we have achieved and maintained an honorable standard of work and ethics,” states John Maloney, President and CEO of Bluegreen Corporation. Maloney continues, “I am humbled by Bluegreen’s success over the past 20 years in Boca Raton, and look forward to watching the company grow and prosper for decades to come.” [/member]