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BRAMPTON, ON and FORT LAUDERDALE, FL --(Marketwired - February 25, 2016) - Renin Holdings, LLC, ("Renin," and/or "Renin Corp."), today announced that it has appointed Mr. Tim Kuhn as the new Vice President of Marketing.
"Tim brings over 15 years of B2B and B2C experience leading teams in sales and marketing, product development, branding and communications in both public and private companies," commented Shawn Pearson, Renin's President and Chief Executive Officer. "We believe Tim is an ideal fit with our strategic plans and we welcome him to the Renin team."
Before joining Renin, Mr. Kuhn held the position of Communications and Branding Director at Armtec LP, a leading Canadian infrastructure company, where Mr. Kuhn was responsible for increasing revenue, brand awareness and market share through various digital and print communication strategies. Prior to this, he held various leadership positions in Product Development with Breville USA, Canadian Tire and Black & Decker. Mr. Kuhn holds a Bachelor of Arts in Communications from Wilfrid Laurier University in Waterloo Ontario.
Renin Holdings, LLC is owned 81% by BBX Capital Corporation (NYSE: BBX) and 19% by BFC Financial Corporation (OTCQB: BFCF).
Renin is one of the largest interior door manufacturers by volume in North America with manufacturing operations in Canada and the United States. Renin has been supplying Innovative Interior Sliding Doors and Hardware Systems since the 1960's when it first invented the sliding mirror closet door, and continues to be an innovative manufacturer of door systems and hardware for the retail, commercial, OEM door manufacturer, and door fabricator channels. Renin manufactures and distributes sliding bi-pass and bi-fold closet doors, room dividers, wall decor and fabricated glass, to the retail, residential construction, and remodeling markets, and its distribution channels include big box retailers, wholesale small box retailers, millwork distributors, door and RV manufacturers, builders, and new channel forms in hospitality. For more information, please visit www.ReninCorp.com
About BBX Capital Corporation:
BBX Capital (NYSE: BBX) is involved in the acquisition, ownership and management of joint ventures and investments in real estate and real estate development projects, as well as acquisitions, investments and management of middle market operating businesses. In addition, BBX Capital and its controlling shareholder, BFC Financial Corporation, have a 46% and 54% respective ownership interest in Bluegreen Corporation. As a result of their ownership interests, BBX Capital and BFC together own 100% of Bluegreen. As of September 30, 2015, BBX Capital had total consolidated assets of $390.7 million, shareholders' equity attributable to BBX Capital of $319.6 million, and total consolidated equity of $320.8 million. BBX Capital's book value per share at September 30, 2015 was $19.49.
About BFC Financial Corporation :
BFC (OTCQB: BFCF)(OTCQB: BFCFB) is a holding company whose principal holdings include an 81% ownership interest in BBX Capital Corporation (NYSE: BBX) and its indirect ownership interest in Bluegreen Corporation. BFC owns a 54% equity interest in Woodbridge, the parent company of Bluegreen. BBX Capital owns the remaining 46% equity interest in Woodbridge. As of September 30, 2015, BFC had total consolidated assets of $1.3 billion, shareholders' equity attributable to BFC of $353.8 million, and total consolidated equity of $462.5 million. BFC's book value per share at September 30, 2015 was $4.18.
About Bluegreen Corporation:
Founded in 1966 and headquartered in Boca Raton, FL, Bluegreen is a sales, marketing and resort management company, focused on the vacation ownership industry and pursuing a capital-light business strategy. Bluegreen manages, markets and sells the Bluegreen Vacation Club, a flexible, points-based, deeded vacation ownership plan with more than 193,000 owners, over 64 owned or managed resorts, and access to more than 4,500 resorts worldwide. Bluegreen also offers a portfolio of comprehensive, turnkey, fee-based services, including resort management services, financial services, and sales and marketing services, to or on behalf of third parties.
For further information, please visit our family of companies:
Renin Corporation: www.ReninCorp.com
BBX Capital: www.BBXCapital.com
BFC Financial Corporation: www.BFCFinancial.com
Bluegreen Corporation: www.BluegreenVacations.com
This press release contains forward-looking statements that involve a number of risks and uncertainties. All opinions, forecasts, projections, future plans or other statements, other than statements of historical fact, are forward-looking statements. The forward looking statements in this press release are also forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and involve substantial risks and uncertainties. We can give no assurance that such expectations will prove to be correct. Past performance and perceived trends may not be indicative of future results. In addition to the risks and factors identified above, reference is also made to other risks and factors detailed in reports filed by the Company with the Securities and Exchange Commission, which are available in the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2015, and its Annual Report on Form 10-K for the year ended December 31, 2014, which may be viewed on the SEC's website, www.sec.gov, on BBX Capital's website, www.BBXCapital.com , or on BFC Financial' s website, www.BFCFinancial.com. BBX Capital and BFC Financial caution that the foregoing factors are not exclusive, and we do not undertake, and specifically disclaim any obligation, to update or supplement any forward-looking statements.
Kip Hunter Marketing
Aimee Adler/ Jodi Goldstein
Email: email@example.com, firstname.lastname@example.org
Investor Relations: Leo Hinkley, Managing Director
Email: LHinkley@BBXCapital.com or LHinkley@BFCFinancial.com