Bluegreen Corporation Schedules 2008 Third Quarter Financial Results and Call

Bluegreen Corporation (NYSE: BXG), a leading provider of Colorful Places to Live and Play^®, today announced that it will issue its financial results for the third quarter ended September 30, 2008 on Monday, November 10, 2008 prior to the opening of the stock market. Management will deliver prepared remarks regarding the 2008 third quarter financial results that morning at 10:00 am Eastern Time.

To listen to management’s remarks, dial (866) 730-5767 (Domestic) or (857) 350-1591 (International) and use the code 69174069. A replay of the prepared remarks will be available from 12:00 pm Eastern Time November 10, 2008 until midnight November 17, 2008. To hear the teleconference replay dial (888) 286-8010 (Domestic) or (617) 801-6888 (International). The pass code for the replay is 94592883. Management’s remarks will also be accessible at Bluegreen’s corporate web site, www.bluegreencorp.com, for approximately 90 days.

About Bluegreen Corporation

Bluegreen Corporation (NYSE: BXG) is a leading provider of Colorful Places to Live and Play® through two principal operating divisions. With more than 190,000 owners, Bluegreen Resorts markets a flexible, real estate-based vacation ownership plan that provides access to over 40 resorts and an exchange network of over 3,700 resorts and other vacation experiences such as cruises and hotel stays. Bluegreen Communities has sold over 56,300 planned residential and golf community homesites in 32 states since 1985. Founded in 1966, Bluegreen is headquartered in Boca Raton, Fla. More information about Bluegreen is available at www.bluegreencorp.com.