SOURCE: BBX Capital Corporation

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August 21, 2013 10:50 ET

Susan McGregor Named President and General Manager of Robovault

FORT LAUDERDALE, FL--(Marketwired - August 21, 2013) - BBX Capital (NYSE: BBX), formerly BankAtlantic Bancorp, announced today that Susan McGregor has been named President and General Manager of RoboVault. McGregor, a 26-year veteran of BankAtlantic and previous member of BankAtlantic's executive management team, will oversee the operations and development of the high-tech self-storage facility.

"Susan is a proven leader with an outstanding record of accomplishment," said Jarett Levan, President of BBX Capital. "Her diverse background and experience in human resources, business development, operations, finance and customer service make her an ideal person to grow the business and strengthen the brand. We are focused on providing the best quality and service to our RoboVault customers and Susan is dedicated to creating a superior client experience." 

BBX Capital recently announced it had acquired RoboVault for its long term investment portfolio. 

McGregor has held executive leadership positions at multiple companies covering a wide array of industries, including BankAtlantic, BFC Financial, Bluegreen Corporation, and Levitt Corporation.

RoboVault is the world's premier high-tech, robotic self-storage facility, featuring climate controlled, high security storage for fine art, antiques, collectables, exotic cars, fine furnishings, wine, business and forensic property or smaller items such as jewelry, precious metals, currency or important documents. The facility is wind resistant up to 200 mph (category 5 hurricane), stores items 30 feet above sea level, uses a biometric robotic transfer system, and offers 24/7 access.

About BBX Capital Corporation: BBX Capital (NYSE: BBX), formerly known as BankAtlantic Bancorp, is involved in the ownership, financing and management of real estate and real estate related assets and operating businesses. In addition to its 46% ownership interest in Bluegreen Corporation (a vacation ownership company with 170,000 owners and over 61 owned or managed resorts), the business of BBX Capital involves real estate ownership, direct acquisition and joint venture equity in real estate, as well as the pursuit of specialty finance and investments in middle market operating businesses. For more information, visit www.BBXCapital.com

Except for historical information contained herein, the matters discussed in this press release contain 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"). Actual results could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein. 

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