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BRAMPTON, ON and FORT LAUDERDALE, FL --(Marketwired - January 11, 2016) - Renin Holdings, LLC, ("Renin," and/or "Renin Corp."), today announced that it will showcase its broad portfolio of products at the upcoming NAHB International Builders' Show® ("IBS") at the Las Vegas Convention Center in Las Vegas, NV, January 19 through the 21st, 2016.
"The NAHB International Builders' Show® is the largest annual residential housing construction trade event in the U.S. for manufacturers and suppliers of home construction products and services, attracting approximately 50,000 visitors from more than 100 countries," commented Shawn Pearson, Renin's President and Chief Executive Officer. "For over fifty years, Renin has been committed to innovation, new product development, and a relentless focus on delivering value to our customers, and we are very pleased to showcase Renin's innovative and latest must-see products at this global event. Please join us at IBS 2016 at the South Hall of the Las Vegas Convention Center."
Where: South Hall, Las Vegas Convention Center, 3150 Paradise Road, Las Vegas, NV, U.S.A.
When: January 19-21, 2016
For further information about IBS 2016, please visit https://www.buildersshow.com.
Renin Holdings, LLC, is a joint venture entity owned 81% by BBX Capital Corporation (NYSE: BBX) and 19% by BFC Financial Corporation (OTCQB: BFCF).
About Renin: Renin has been supplying Innovative Interior Sliding Doors and Hardware Systems across North America, Europe and around the world since the 1960's when we first invented the sliding mirror closet door. That innovation legacy has endured to the point that we are one of the largest interior door manufacturers by volume in North America with manufacturing operations in Canada and the United States.
On November 1, 2013, BBX Capital Corporation announced the acquisition of the assets and operations of Renin Corp allowing the company to further streamline to support strategic growth. Renin is poised to enhance our industry leadership position through innovation and speed to market now -- and well into the future.
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.
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.
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