FORT LAUDERDALE, Fla., Oct. 18 /PRNewswire-FirstCall/ -- BFC Financial Corporation ("BFC") (NYSE:BFF), the Florida-based holding company that invests in and acquires diverse operating businesses, today announced that its Managing Director, Phil Bakes, will present at the Second Annual Middle Market Investor Growth Conference hosted by Sanders Morris Harris to be held in New York City. Mr. Bakes is scheduled to present at the conference on Monday, October 23, 2006 beginning at 9:00 a.m., at which time he will give a corporate presentation on BFC followed by a question and answer period. Mr. Bakes will also host a break-out session immediately following his presentation. The Middle Market Investor Growth Conference is a two day event scheduled for October 23-24, 2006 at the Omni Berkshire Place Hotel located at 21 East 52nd Street in New York City. The conference is expected to be attended by over 400 institutional and alternative investors, analysts and the press and is by invitation only. A live webcast of BFC's presentation will be made available and can be accessed at http://www.wsw.com/webcast/smh3/bff/. To access the live presentation, simply type the link into your web browser. An archive of the webcast will be available for 90 days using the above link, and also on BFC's website at http://www.bfcfinancial.com/. The slide presentation discussed at the conference will also be available on BFC's website and can be accessed by going to the Investor Relations section and clicking on the "presentations" button. Copies of the presentation can also be received via email, fax or postal service by contacting BFC's Investor Relations department at the address provided at the end of this release. For further information, please visit our 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 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 BankAtlantic Bancorp and its subsidiaries, BankAtlantic and Ryan Beck & Co.; Levitt Corporation, which includes its subsidiaries Levitt and Sons(TM) and Core Communities; Levitt Corporation's 31% ownership in Bluegreen Corporation; a minority interest in the renowned national restaurant chain, Benihana, Inc., and Cypress Creek Capital, a wholly-owned subsidiary. BFC Contact Info: Investor and Corporate Communications: Sharon Lyn, Vice President Email: Investor Relations: Leo Hinkley, Senior Vice President Email: http://www.newscom.com/cgi-bin/prnh/20050714/FLTH001LOGO http://photoarchive.ap.org/ DATASOURCE: BFC Financial Corporation CONTACT: Sharon Lyn, Vice President, Investor and Corporate Communications of BFC, ; and Leo Hinkley, Senior Vice President Investor Relations, Web site: http://www.bfcfinancial.com/

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