SOURCE: eXp World Holdings, Inc.

eXp World Holdings, Inc.

eXp World Holdings, Inc.

July 15, 2016 09:35 ET

eXp Realty Launches in New Jersey

BELLINGHAM, WA--(Marketwired - July 15, 2016) - eXp World Holdings, Inc. (OTCQB: EXPI) today announced that it has commenced real estate brokerage operations in the State of New Jersey. The company is now operational in 43 states, Alberta, Canada, and the District of Columbia. In addition, the company is in more than 105 different Multiple Listing Services -- MLS Market areas and has more than 1400 real estate professionals, up from 862 at the beginning of the year.

"I'm excited to have the opportunity to bring eXp Realty to New Jersey," said Jeanne Borgers, the Company's Broker of Record in the state. "Agent-ownership's impact on lives and businesses is profound and represents a sea change in the way in which good professionals are valued and treated as partners with opportunities to learn from and build relationships with fellow shareholders on a daily basis across the country."

Originally from Los Angeles, Borgers has been a member of the northern New Jersey real estate community for more than 12 years and arrived in the state after living in Guam and Saipan where she managed a small radio station for 6 years. During the financial crisis she reinvented her career and became known as the "Short Sale Queen" due to her ability to work through and close highly challenging transactions. Prior to joining eXp, Borgers practiced with Keller Williams NJ Metro Group. In 2014, Borgers and her husband Tom (who was a senior fraud investigator for the president's Financial Crisis Inquiry Commission) co-chaired one of the largest fundraisers for the homeless in New York City.

"We are fortunate to have experienced and talented leadership in place with Jeanne as we enter a highly competitive market and a state where the practice of real estate varies significantly from the north to the south," said eXp Realty CEO, Jason Gesing. We look forward to offering new opportunities to and welcoming entrepreneurial professionals across the state into our community of agent owners," said eXp Realty, CEO, Jason Gesing.

Contact information for Jeanne Borgers: jeanne.borgers@exprealty.com or 862-596-9455

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.

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