The CFA Society of Cleveland Hosts Luncheon Featuring BFC Financial Corporation


CLEVELAND, Oct. 6, 2006 (PRIMEZONE) -- The CFA Society of Cleveland (CFASC) will host a luncheon featuring BFC Financial Corp. on Wednesday, October 11 at 12:00 p.m. at Sammy's Metropolitan Ballroom (21st floor of The Huntington Building, East Ninth Street and Euclid Avenue). Managing Director, Phil Bakes, will make an investor presentation. Mr. Bakes is responsible for the Company's operations, business development and future growth.

Reservations are required and may be made by contacting the CFASC at 216-696-8066 or via e-mail at cfasc@mjmservices.org. The luncheon is free of charge to CFASC members. Non-members may attend for a fee of $20.

About BFC Financial Corporation:

BFC Financial Corporation (NYSE:BFF) is a diversified holding company that invests in and acquires private and public companies in different industries. BFC is typically a long-term, "buy and hold" investor whose direct and indirect, diverse ownership interests span a variety of business sectors, including consumer and commercial banking; brokerage and investment banking services; homebuilding; development of master-planned communities; the hospitality and leisure sector through the development, marketing and sales of vacation resorts on a time-share, vacation club model; the restaurant and family dining business, and real estate investment banking and investment services. BFC's current major holdings include BankAtlantic Bancorp and its subsidiaries, BankAtlantic and Ryan Beck & Co.; Levitt Corporation, which includes its subsidiaries Levitt and Sons(tm) and Core Communities; Levitt Corporation's 31% ownership in Bluegreen Corporation; a minority interest in the renowned national restaurant chain, Benihana, Inc., and Cypress Creek Capital, a wholly-owned subsidiary. Information on BFC can be found on the Company's website: www.bfcfinancial.com .

About CFA Society of Cleveland

The CFA Society of Cleveland (CFASC), formerly The Cleveland Society of Security Analysts, was founded in 1950 and provides investment-related programs and services to its Northeast Ohio-based membership. The CFASC has approximately 460 members -- primarily portfolio managers and analysts working throughout the professional investment community. The mission of the CFASC is to promote excellence, education and integrity in the investment management profession. For more information, visit www.cfasc-cfai.org .

The CFASC is a member society of CFA Institute, the global, non-profit professional association that administers the Chartered Financial Analyst(r) (CFA(r)) curriculum and examination program worldwide, publishes research, conducts professional-development programs, and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry. CFA Institute has more than 84,000 members in 128 countries and territories, including the world's 69,600 CFA charterholders, as well as 134 affiliated professional societies in 55 countries and territories. CFA Institute is headquartered in Charlottesville, Va., U.S.A., with regional headquarters in London, Hong Kong, and New York. More information may be found at www.cfainstitute.org .


            

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