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BKF Capital Group, Inc. Reports Financial Results for the Year Ended December 31, 2018
[March 20, 2019]

BKF Capital Group, Inc. Reports Financial Results for the Year Ended December 31, 2018


BKF Capital Group, Inc. (OTC: BKFG), a closely-held holding company that provides capital primarily in the form of share ownership, today reported a net loss of $93,000, or ($0.15) per share, for the year ended December 31, 2018. For the year ended December 31, 2017, the Company recorded net income of $148,000 or $0.21 per share. Included in the net loss for 2018 is a special charge of $725,000 related to a permanent resolution of legacy environmental claims. Excluding this one-time charge, BKF reported adjusted net income of $523,000, or $0.74 per share.

Net income in 2018 is primarily the result of divesting our investment in Coda Octopus Group (NASDAQ: CODA). During 2018 the Company sold all of its remaining shares (720,900) for a gross gain of $3.8 million. Due to prior recognition of unrealized gains, net income includes realized gains of $2.0 million from the sale of CODA shares in 2018.

"BKF Capital Group continues to be well funded and through our wholly owned subsidiary, BKF Asset Holdings, Inc., we will continue to pursue strategic investments in securities, often representing controlling positions, to seek long-term growth," stated Steven N. Bronson, CEO of BKF Capital Group, Inc. "Resolving our legacy environmental remediation exposure allows the Company to refocus on generating value opportunities through investments." In November 2018, the Company reached a comprehensive settlement agreement in principle to resolve two civil complaints under the Comprehensive Environmental Response, Compensation, and Liability Act. The claims related to remediation of certain pesticides and other chemicals used on land owned by the Company fro 1971 to 1999.



Mr. Bronson continued, "We are pleased with our investment performance, particularly with Coda Octopus Group. Over the twenty-five month holding period, we were able to realize a 98% annualized return on our investment. We are actively seeking similar opportunities to reinvest in high-growth companies."

BKF Capital Group, Inc. makes available its annual financial statements, quarterly financial statements, and other significant reports and amendments to such reports, free of charge, on its website as soon as reasonably practicable after such reports are prepared. Please visit www.bkfcapital.com to view the Company's 2018 financial results in more detail.


About BKF Capital Group, Inc.

BKF Capital Group, Inc. is a holding company that invests in innovative and high-growth technology companies. We make capital investments through our wholly owned subsidiary, BKF Asset Holdings, Inc. Our most prominent assets are Interlink (News - Alert) Electronics, Inc. (OTC:LINK), a global leader in human-machine interface and sensor technologies, and Qualstar Corporation (NASDAQ:QBAK), a leading manufacturer of data storage solutions and high-efficiency power supplies.

Our principal executive office is located at 31248 Oak Crest Drive, Suite 110, Westlake Village, CA (News - Alert) 91361. The Company's securities were registered under Section 12(g) of the Securities Exchange Act of 1934. On May 20, 2015, we filed Form 15 to terminate the registration and reporting obligations under Section 12(g). The common stock may thereafter be eligible for quotation through the OTC Markets Group under the symbol "BKFG".

Forward Looking Statements

This release contains forward-looking statements. Forward-looking statements include, but are not limited to, the Company's views on future financial performance and are generally identified by phrases such as "thinks," "anticipates," "believes," "estimates," "expects," "intends," "plans," and similar words. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statement. These statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of the Company's industry, competition and capital requirements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.


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