Bluegreen Corporation Reports 2009 Third Quarter Financial Results.

Resorts sales of $65.0 million compared to $136.2 million in Q3 2008 Reflects the deliberate reduction of Bluegreen-financed Resorts sales in light of challenging commercial credit markets Despite lower sales, Q3 2009 Resorts operating profit (1) was 25% of gross Resorts sales, or $18.0 million, as compared to 13% of gross Resorts sales, or $20.8 million in Q3 2008 Q3 2009 included revenue of approximately $7.0 million and Resorts operating profit of $1.7 million from commissions earned through the selling and marketing of outside developer inventory for a fee (one of the Company’s “fee-based services”) Bluegreen Communities sales decline to $6.3 million from $10.7 million in Q3 2008 Net income of $3.9 million, or 5.5% of total sales, compared to net income of $6.8 million, or 4.6% of total sales, in Q3 2008 Diluted EPS of $0.13 compared to diluted EPS of $0.21 in Q3 2008 Unrestricted cash and equivalents of $55.0 million at September 30, 2009 Anticipated material reduction of book value per share in January 2010 upon adoption of required changes in accounting BOCA RATON, Fla.—(BUSINESS WIRE)—Nov. 9, 2009—Bluegreen Corporation (NYSE: BXG), a leading provider of Colorful Places to Live and Play®, today announced financial results for the third quarter ended September 30, 2009.