BKF Capital Group, Inc. and Opportunity Partners L.P. Announce Settlement

BKF Capital Group, Inc. and Opportunity Partners L.P. Announce
Settlement 


NEW YORK, April 29  /PRNewswire/ -- BKF Capital Group, Inc. and Opportunity
Partners L.P. announced today that they have reached a settlement relating to a
shareholder proposal submitted by Opportunity Partners.  In response to
Opportunity Partners' proposal, BKF reaffirmed its commitment to enhancing
shareholder value.  BKF indicated that it is committed to increasing profits
through a program focused on the continued development of current investment
products, the maintenance and development of the infrastructure required for
managed growth and the recruitment and development of complementary investment
capabilities.  In connection with the settlement, BKF has also agreed to pay
the legal costs incurred by Opportunity Partners in connection with its claim.

Separately, Mr. Phillip Goldstein, President of Kimball & Winthrop, Inc., the
general partner of Opportunity Partners, announced that Opportunity Partners
would be voting this year in accordance with the recommendations of the Board
of Directors on the matters to be presented at BKF's annual meeting of
stockholders.

This press release contains certain statements that are not historical facts,
including, most importantly, information concerning possible or assumed future
results of operations of BKF and statements preceded by, followed by or that
include the words "may," "believes," "expects," "anticipates," or the negation
thereof, or similar expressions, which constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995 (the
"Reform Act"). For those statements, BKF claims the protection of the safe
harbor for forward-looking statements contained in the Reform Act. These
forward-looking statements are based on BKF's current expectations and are
susceptible to a number of risks, uncertainties and other factors, and BKF's
actual results, performance and achievements may differ materially from any
future results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include the following:  retention and
ability of qualified personnel; the performance of the securities markets and
of value stocks in particular; the investment performance of client accounts;
the retention of significant client and/or distribution relationships;
competition; the existence or absence of adverse publicity; changes in business
strategy; quality of management; availability, terms and deployment of capital;
business abilities and judgment of personnel; labor and employee benefit costs;
changes in, or failure to comply with, government regulations; the costs and
other effects of legal and administrative proceedings; and other risks and
uncertainties referred to in this document and in BKF's other current and
periodic filings with the Securities and Exchange Commission, all of which are
difficult or impossible to predict accurately and many of which are beyond
BKF's control. BKF will not undertake and specifically declines any obligation
to publicly release the result of any revisions which may be made to any
forward-looking statements to reflect events or circumstances after the date of
such statements or to reflect the occurrence of anticipated or unanticipated
events. In addition, it is BKF's policy generally not to make any specific
projections as to future earnings, and BKF does not endorse any projections
regarding future performance that may be made by third parties. 

DATASOURCE: BKF Capital Group, Inc.



CONTACT:  Norris Nissim, Vice President and General Counsel of BKF

Capital Group, Inc., [phone] 

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