SOURCE: eXp World Holdings, Inc.

eXp World Holdings, Inc.

eXp World Holdings, Inc.

August 19, 2016 10:13 ET

eXp Realty Launches in Alaska

BELLINGHAM, WA--(Marketwired - August 19, 2016) - eXp World Holdings, Inc. (OTCQB: EXPI) today announced that eXp Realty has commenced real estate brokerage operations in the State of Alaska. The company is now operational in 41 states; Alberta, Canada; and, in the District of Columbia. Brokerage operations for eXp Realty in Alaska will be overseen by Brandon Tatum and Frank Zellers.

"Frank and I are excited to have the opportunity to bring eXp Realty to Alaska," said Tatum, who joins the Company after serving as CEO and Broker for the Alaska Homes Group in Anchorage. "We're looking forward to introducing the concept of agent-ownership and the idea that you can work alongside with and build relationships with some of the best agents in the business on a daily basis without having to go to a physical office or travel by plane or boat."

Earlier this week, the Company filed its quarterly Form 10-Q in which it reported record year-over-year gains in revenues (137%) and agent count (111%).

"We are fortunate to have two experienced, talented, and credible leaders in place as we enter the Alaska market and and look forward to offering new opportunities to and welcoming entrepreneurial professionals across the state into our community," said eXp Realty Founder, Glenn Sanford.

Brandon Tatum can be reached at: brandon.tatum@exprealty.com

Frank Zellers can be reached at: frank.zellers@exprealty.com

About eXp World Holdings, Inc.

eXp World Holdings, Inc. is the holding company for a number of companies most notably eXp Realty LLC, the Agent-Owned Cloud Brokerage® as a full-service real estate brokerage providing 24/7 access to collaborative tools, training, and socialization for real estate brokers and agents through its 3-D, fully-immersive, cloud office environment. eXp Realty, LLC and eXp Realty of Canada, Inc. also feature an aggressive revenue sharing program that pays agents a percentage of gross commission income earned by fellow real estate professionals who they attract into the Company.

eXp World Holdings, Inc. also owns 89.4% of First Cloud Mortgage, Inc. a Delaware corporation launched in 2015 and now licensed to originate mortgages in Arizona, California, Virginia and New Mexico. First Cloud Mortgage has positioned itself as a Planet Friendly Mortgage Company via the purchase of carbon offsets for homeowners offsetting the first year of the Carbon Footprint of the typical home on each mortgage originated through First Cloud Mortgage, Inc.

As a publicly-traded company, eXp World Holdings, Inc. uniquely offers professionals within its ranks opportunities to earn equity awards for production and contributions to overall company growth.

For more information you can follow eXp World Holdings, Inc. on Twitter, LinkedIn, Facebook, YouTube, or visit eXpWorldHoldings.com. For eXp Realty please visit: eXpRealty.com and for First Cloud Mortgage, Inc. check out FirstCloudMortgage.com.

The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the Company undertakes no obligation to revise or update them. These statements include, but are not limited to, statements about the Company's expansion, revenue growth, operating results, financial performance and net income changes. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the Company's Securities and Exchange Commission filings, including but not limited to the most recently filed Annual Report on Form 10-K.

Contact Information

  • Investor Relations Contact Information:
    Glenn Sanford
    Chairman & CEO
    eXp World Holdings, Inc.
    glenn@expworldholdings.com
    360-389-2426

    Trade and Media Contact Information:
    Jason Gesing
    CEO
    eXp Realty
    jason@exprealty.com
    617-970-8518