eXp Realty Launches in 4 More States and the District of Columbia

Missouri, Kansas, Minnesota, Idaho and DC Newest Markets for Agent-Owned Brokerage

BELLINGHAM, WA–(Marketwired – May 03, 2016) – eXp World Holdings, Inc. (OTCQB: EXPI) today announced that its real estate brokerage division, eXp Realty, has commenced operations in the states of Kansas, Missouri, Minnesota, and Idaho, as well as in the District of Columbia.

Tameka Bryant, a national trainer for the National Association of REALTORS®, the largest trade association in the United States, and a brokerage owner for more than 10 years, joins eXp as Managing Broker in Missouri and Kansas.

Tara Houston, who has previously held leadership roles in the mid-atlantic region for eXp Realty, becomes Managing Broker for the company in the District of Columbia, a position she also holds in the State of Maryland.

Robert Bass brings more than 28 years of industry management experience (most recently with John L. Scott) to eXp as the company’s Managing Broker in Idaho. Bass received the coveted Realtor of the Year award in 1996 from the Ada County Association of Realtors.

In Minnesota, Jeffrey Hagel becomes Managing Broker for eXp after 10 years in the industry with RE/MAX and Keller Williams Realty.

“Our launch in these new markets reflects our continuing ability to attract and/or develop highly-credible leaders within the industry who understand the impact of Agent-Ownership on culture and collaboration and who see very clearly the opportunities made possible by innovative uses of technology both for industry professionals and for the consumers they serve,” said eXp President, Jason Gesing.

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 90.5% of First Cloud Mortgage, Inc. a Delaware corporation launched in 2015 and now licensed to originate mortgages in Arizona, California, New Mexico and Texas.

The corporate name change to “eXp World Holdings, Inc.” has been approved by our Board and stockholders but is not yet effective, pending the mailing of a definitive information statement to our stockholders in accordance with applicable rules and a 20-day notice period thereafter.

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 investors.exprealty.com or www.exprealty.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.


Investor Relations Contact Information:
Glenn Sanford
Chairman & CEO
eXp World Holdings, Inc.
[email protected]

Trade and Media Contact Information:

Jason Gesing
eXp Realty World Holdings, Inc.
[email protected]

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