Levitt Corporation Announces Name Change to Woodbridge Holdings Corporation and Re-Election of Directors
22 Mai 2008 - 2:00PM
Marketwired
FORT LAUDERDALE, FL today announced that its name has been
changed to "Woodbridge Holdings Corporation." The name change was
approved by the Company's shareholders at the Company's Annual
Meeting of Shareholders held on May 20, 2008. The Company's Board
of Directors previously approved the name change, and recommended
that the Company's shareholders approve the name change in light of
the Company's intention to expand its operations beyond its current
real estate activities. In connection with the name change, the
ticker symbol of the Company's Class A Common Stock on the New York
Stock Exchange will change from "LEV" to "WDG." (NYSE: WDG) Trading
under the new ticker symbol, "WDG," is planned to begin on Tuesday,
May 27, 2008.
"We believe the new name is appropriate given the Company's
current and future business strategy, which will include
acquisitions and investments both within and outside the real
estate industry," commented Alan B. Levan, Chairman and Chief
Executive Officer of Woodbridge Holdings Corporation.
In addition to approving the name change, at the Company's
Annual Meeting of Shareholders, the Company's shareholders also
re-elected the nominated slate of directors, John E. Abdo, William
Nicholson and Alan J. Levy, to the Company's Board of Directors, in
each case for a three-year term expiring in 2011.
About Woodbridge Holdings Corporation:
Woodbridge Holdings Corporation, directly and through its wholly
owned subsidiaries, seeks to invest opportunistically within and
outside the real estate industry.
Core Communities, a wholly owned subsidiary, develops
master-planned total-living community environments throughout the
Southeastern United States, including its original and best known,
St. Lucie West. The company's 8,200-acre Tradition? Florida
community is home to more than 1,700 families, vibrant commercial
areas and a 4.5-mile-long employment corridor. The community is
also home to the Florida Center for Innovation at Tradition (FCI)
Research Park, in which The Torrey Pines Institute for Molecular
Studies, Mann Research Center, Martin Memorial Health Systems and
Oregon Health & Science University's Vaccine and Gene Therapy
Institute have all announced plans to locate. Core is also
expanding its Tradition? brand with Tradition? Hilton Head, an
approximate 5,400-acre community planned to include 9,500
residences and 1.5 million square feet of commercial space, which
features a variety of neighborhoods and housing styles, shopping
and dining in Village Square, a Fitness Center & Spa and the
Tommy Fazio-designed Tradition National Golf Course.
Woodbridge Capital Corporation, a wholly owned subsidiary, is
the general partner of Woodbridge Equity Fund LLLP which holds
investments in equity securities.
Cypress Creek Capital Holdings, LLC:
Cypress Creek Capital, a wholly owned subsidiary, is a real
estate investment banking company. Cypress Creek Capital's
acquisition program focuses on existing commercial income producing
properties in Florida's growth markets. The company targets office,
retail and industrial real estate.
For further information, please visit our websites:
www.WoodbridgeHoldings.com
www.CoreCommunities.com
www.CypressCreekCapital.com
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releases or announcements directly via Email, please click on the
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www.WoodbridgeHoldings.com.
Some of the statements contained or incorporated by reference
herein include 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" ), that involve substantial
risks and uncertainties. Some of the forward-looking statements can
be identified by the use of words such as "anticipate," "believe,"
"estimate," "may," "intend," "expect," "will," "should," "seek" or
other similar expressions. Forward-looking statements are based
largely on management's expectations and involve inherent risks and
uncertainties described in this press release. When considering
those forward-looking statements, you should keep in mind the
risks, uncertainties and other cautionary statements. Some factors
which may affect the accuracy of the forward-looking statements
include, but are not limited to, the Company's ability to implement
its business plan to pursue opportunistic acquisitions and
investments successfully, if at all, or produce results which
justify their costs and the risk that no gain from such investments
will be realized; and the Company's success at managing the risks
involved in the foregoing. Many of these factors are beyond the
Company's control and the Company cautions that the foregoing
factors are not exclusive. Additional information concerning the
potential risk factors that could affect Woodbridge Holdings
Corporation's future performance are described in the Company's
periodic reports filed with the SEC, which may be viewed free of
charge on the SEC's website, www.sec.gov, or on the Company's
website, www.WoodbridgeHoldings.com.
Woodbridge Holdings Corporation Contact Information: Public
Relations: Steven Lipin or Giovanna Konicke Brunswick Group 140
East 45th Street, 30th Floor New York, NY 10017 Phone: 212-333-3810
Email: Email Contact Investor Relations: Leo Hinkley SVP, Investor
Relations Officer Phone: (954) 940-4995 Fax: (954) 940-5320 Email:
Email Contact
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