LEV Lion Electric Company

- To discuss their recently announced agreement to merge - FORT LAUDERDALE, Fla., Jan. 31 /PRNewswire-FirstCall/ -- BFC Financial Corporation ("BFC") (NYSE:BFF) and Levitt Corporation ("Levitt") (NYSE:LEV), announced today that they plan to hold an investor and media teleconference call and webcast on Wednesday, January 31, 2007 at 1:00 p.m. (Eastern Time). The teleconference call, to be hosted by Chief Executive Officer of both companies Alan B. Levan, will discuss their recently announced definitive merger agreement pursuant to which Levitt will become a wholly-owned subsidiary of BFC. A detailed presentation of the transaction's highlights can be found in "The BFC-Levitt Transaction: Highlights and Benefits." To view the presentation slides, access the "Investor Relations" section and click on the "Presentations" navigation link posted on each company's respective websites at http://www.bfcfinancial.com/ and http://www.levittcorporation.com/. Teleconference Call Information: To access the teleconference call in the U.S. and Canada, the toll free number to call is 1-800-991-2309. International calls may be placed to 706-643-1854. Domestic and international callers may reference PIN number 7855011. A replay of the conference call will be available beginning two hours after the call's completion through 5:00 p.m. (ET), February 28, 2007. To access the replay option in the U.S. and Canada, the toll free number to call is 1-800-642-1687. International calls for the replay may be placed at 706- 645-9291. The replay digital PIN number for both domestic and international calls is 7855011. Webcast Information: Alternatively, individuals may listen to the live and/or archived webcast of the teleconference call. To listen to the webcast, visit http://www.bfcfinancial.com/, access the "Investor Relations" section and click on the "Webcast" navigation link, or visit http://www.levittcorporation.com/, access the "Investor Relations" section and click on the "Webcast" navigation link, or go directly to http://www.visualwebcaster.com/event.asp?id=37700 . The archive webcast of the teleconference call will be available through 5:00 p.m. Eastern Time, February 28, 2007. 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 Levitt Corporation, which includes its subsidiaries Levitt and Sons(TM) and Core Communities; Levitt Corporation's 31% ownership in Bluegreen Corporation; BankAtlantic Bancorp and its subsidiaries, BankAtlantic and Ryan Holdings, Inc.; a minority interest in the renowned national restaurant chain, Benihana, Inc., and Cypress Creek Capital, a wholly-owned subsidiary. For further information, please visit BFC's website at: http://www.bfcfinancial.com/. To receive future news releases or announcements directly via Email, please click on the Email Broadcast Sign Up button. About Levitt Corporation: Levitt Corporation (NYSE:LEV) is the parent company of Levitt and Sons(R) and Core Communities. Levitt Corporation also holds an aggregate 31% ownership interest in Bluegreen Corporation. Levitt and Sons(R), America's first builder of planned suburban communities, is best known for creating New York's Levittown, Long Island and has built approximately 200,000 homes over the last 77 years. Today, Levitt and Sons(R) develops single and multi-family home communities for active adults and families in Florida, Georgia, Tennessee, and South Carolina. A significant portion of Levitt's strategy is to be a leader in developing communities for America's next, big demographic wave: retirement of the baby- boom generation. These communities typically feature a wide variety of amenities, including resort style pools, fitness and athletic facilities, and grand clubhouses. Core Communities develops master-planned communities, including its original and best known, St. Lucie West. Core Communities' newest master- planned community is Tradition(TM) Florida. Now under development on Florida's Treasure Coast in St. Lucie County, Tradition(TM) is an 8,200-acre community that is planned to ultimately feature up to 18,000 residences as well as a commercial town center and a world-class corporate park. Core has also begun development of Tradition(TM) South Carolina, an approximate 5,400- acre parcel of land located adjacent to Hilton Head Island and Bluffton, South Carolina that is planned to ultimately include up to 9,500 residences and 1.5 million square feet of commercial space. For further information, please visit our websites: http://www.levittcorporation.com/ http://www.levittandsons.com/ http://www.corecommunities.com/ * To receive future Levitt Corporation news releases or announcements directly via Email, please click on the Email Broadcast Sign Up button on our website: http://www.levittcorporation.com/. Contact Info: BFC Financial Corporation, Investor Relations: 954-940-4994 Levitt Corporation, Investor Relations: 954-940-4995 http://www.newscom.com/cgi-bin/prnh/20050714/FLTH001LOGO http://photoarchive.ap.org/ DATASOURCE: BFC Financial Corporation CONTACT: Investor Relations, BFC Financial Corporation, +1-954-940-4994, or Investor Relations, Levitt Corporation, +1-954-940-4995 Web site: http://www.bfcfinancial.com/ http://www.visualwebcaster.com/event.asp?id=37700 http://www.levittcorporation.com/ http://www.levittandsons.com/ http://www.corecommunities.com/

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