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eXp World Holdings Reports Record Third Quarter 2017 Results

Revenue increased 203% year-over-year to $48.1 million

  • Record revenue of $48.1 million, increase of 203% year-over-year
  • Record cash flow of $3.3 million, increase of 255% year-over-year
  • Record real estate agent increase of 173% year-over-year, surpassed 5,000 in early October

BELLINGHAM, WA — Nov. 14, 2017 — eXp World Holdings, Inc. (OTCQB: EXPI), the holding company for eXp Realty, LLC, the agent-owned cloud brokerage®, today announced financial results for the third quarter ended Sept. 30, 2017.

Third Quarter 2017 Financial Summary

  • Revenue increased 203% to a record $48.1 million from $15.8 million in the third quarter of 2016. This represents 22% growth quarter-over-quarter, from $39.6 million in the second quarter of 2017.
  • Gross margin grew 96% year-over-year for the same quarter to $4.81 million; $12.1 million year-to-date compared to $5.3 million for the same nine-month period in 2016.
  • Net loss was $7.8 million, or $(0.15) per diluted share, compared to net loss of $14.6 million, or $(0.29) per diluted share in the third quarter of 2016.
  • Adjusted EBITDA (a non-GAAP financial measure) decreased 24% to $0.6 in the third quarter of 2017, compared to $0.8 in the third quarter of 2016.
  • Cash flow from operations increased 255% to $3.3 million from $0.9 million in the third quarter of 2016. This represents 106% growth quarter-over-quarter, compared to $1.6 million in the second quarter of 2017.

Third Quarter 2017 Operating and Business Highlights

  • Increased the number of agents and brokers on the eXp Realty platform by 173% to 4,952, compared to 1,816 on the same date last year. This represents 26% growth quarter-over-quarter, compared to 3,913 at the end of the second quarter of 2016.
  • Surpassed a 5,000-agent milestone in early October 2017.
  • Hired Mary Frances Coleman as chief operating officer, Vicki Olafson as vice president of employee experience and Macie Hawkes as general counsel.
  • Expanded into Mississippi and Ontario, Canada.

“eXp World Holdings finished the third quarter of 2017 with another quarter of record revenue, further solidifying our foundation for long-term growth,” said eXp World Holdings CEO and Chairman Glenn Sanford. “Our rapidly growing agent and broker family helped us achieve a major 5,000-agent milestone, which we announced at our fourth annual national conference in early October. As we continue to expand into new markets and deeper into existing ones, it is clear our business model of delivering strong economic, technology and marketing solutions resonates with agents and brokers. We are excited about the continued success and opportunities in front of us.”

Use of Non-GAAP Financial Measures

To provide investors with additional information regarding our financial results, this press release includes references to Adjusted EBITDA, a non-GAAP financial measure. We view Adjusted EBITDA as an operating performance measure and, as such, we believe that the GAAP financial measure most directly comparable to it is net income (loss). We define Adjusted EBITDA as net income excluding interest, income taxes, depreciation, amortization, and stock based compensation. We believe that Adjusted EBITDA provides us an important measure of operating performance and enhances comparability while providing investors with useful insight into the underlying trends of the business. Our use of Adjusted EBITDA has limitations as an analytical tool, and this measure should not be considered in isolation or as a substitute for an analysis of our results as reported under GAAP, as the excluded items may have significant effects on our operating results and financial condition. Additionally, our measure of Adjusted EBITDA may differ from other companies’ measure of Adjusted EBITDA. When evaluating our performance, Adjusted EBITDA should be considered with other financial performance measures, including various cash flow metrics, net income and other GAAP results. In the future, we may disclose different non-GAAP financial measures in order to help our investors and others more meaningfully evaluate and compare our future results of operations to our previously reported results of operations.

Safe Harbor Statement

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.

About eXp World Holdings

eXp World Holdings, Inc. (OTCQB: EXPI) is the holding company for eXp Realty, LLC, the Agent-Owned Cloud Brokerage®. eXp Realty (exprealty.com) is changing the way that agents, brokers and consumers work together in an adaptive, sustainable environment. It is an agent-designed and agent-owned company. As the leading, national, cloud-based real estate brokerage, eXp Realty provides 24/7 access to collaborative tools, training and socialization for real estate brokers and agents through its 3-D, fully-immersive, cloud office environment. It is one of the fastest growing real estate brokerage firms in North America with more than 5,600 agents in 45 U.S. states, the District of Columbia and the provinces of Alberta and Ontario, Canada. As a publicly traded company, eXp World Holdings, Inc. uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.

For more information, please visit the company’s websites at expworldholdings.com and exprealty.com.

Connect with eXp Realty and eXp World Holdings:

The eXp World Holdings logo is available at http://expworldholdings.com/logos. The agent-owned cloud brokerage is a registered trademark of eXp Realty, LLC.

Reported Consolidated Results

 

Media relations contact:

Cynthia Nowak
Director of marketing and communications, eXp Realty
360-419-5285, ext. 116
[email protected]

Investor relations contact:

Greg Falesnik
Managing Director, MZ Group – MZ North America
949-385-6449
[email protected]

 

The post eXp World Holdings Reports Record Third Quarter 2017 Results appeared first on eXp World Holdings.

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eXp Realty Continues to Invest in Proprietary Technology for Agents

SEATTLE — Nov. 1, 2017 — eXp Realty, LLC, a subsidiary of eXp World Holdings, Inc. (OTCQB: EXPI), the agent-owned cloud brokerage®, today announced new tools as part of its continuing investment in proprietary technology for real estate professionals.

It’s a New World

As eXp Realty grows, the place where our agents communicate, collaborate and have fun needs to grow right along with it. The company recently launched a new version of its cloud-based office “eXp World.” It includes creative elements as well as performance, stability and usability improvements. After a long day in the virtual office, agents can take one of the new speed boats out for a spin.

Based on feedback, many agents say they want to work alongside others instead of by themselves in eXp World. A popular workplace trend is a shared, community workspace. To that end, eXp Realty is testing a shared working environment where users can build community and collaborate in a team room.

Work Anywhere, Anytime

Real estate agents are inherently mobile and eXp Realty allows them to work anywhere, anytime through eXp World and its new mobile app. eXp World Mobile gives agents the convenience and flexibility to audibly join eXp World meeting rooms from anywhere. This app is perfect for helping on-the-go agents participate in trainings and events, along with company and team meetings from nearly anywhere.

Match Agents to Powerful Solutions

eXp Realty provides agents with the best tools and services to grow their business. eXp has a proprietary platform called eXp Enterprise that manages all of the company’s critical processes and information. It gives eXp agents autonomy and greater visibility into data that’s crucial to their real-time needs. A new dashboard in eXp Enterprise provides agents a quick view into their important business metrics such as production, transactions, commissions and capping status.

“eXp Realty believes in constant innovation to provide the best technology tools and services for agents to help them manage and grow their business,” said Scott Petronis, chief product and technology officer at eXp Realty. “We built eXp Enterprise with the entrepreneurial agent in mind. Agents can access their data when they want and how they want. eXp World offers a unique cloud technology solution that allows agents to gain instant, live support from eXp’s agent services, technology and finance experts from wherever an agent or team is located.”

About eXp Realty

eXp Realty, LLC, a subsidiary of eXp World Holdings, Inc. (OTCQB: EXPI), is the Agent-Owned Cloud Brokerage®. eXp Realty (exprealty.com) is changing the way that agents, brokers and consumers work together in an adaptive, sustainable environment. It is an agent-designed and agent-owned company. As the leading, national, cloud-based real estate brokerage, eXp Realty provides 24/7 access to collaborative tools, training and socialization for real estate brokers and agents through its 3-D, fully-immersive, cloud office environment. It is one of the fastest growing real estate brokerage firms in North America with more than 5,000 agents in 44 U.S. states, the District of Columbia and the provinces of Alberta and Ontario, Canada. As a publicly traded company, eXp World Holdings, Inc. uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.

For more information, please visit the company’s websites at expworldholdings.com and exprealty.com.

Connect with eXp Realty and eXp World Holdings:

The eXp Realty logo is available at https://expcloud.com/brand-resources. The agent-owned cloud brokerage is a registered trademark of eXp Realty, LLC.

Media relations contact:

Cynthia Nowak
Director of marketing and communications, eXp Realty
360-419-5285, ext. 116
[email protected]

Investor relations contact:

Greg Falesnik
Managing Director, MZ Group – MZ North America
949-385-6449
[email protected]

 

The post eXp Realty Continues to Invest in Proprietary Technology for Agents appeared first on eXp World Holdings.

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Introducing eXp Enterprise Dashboard: Your Control Panel to Pilot Your Business

eXp Enterprise Dashboard

eXp Enterprise Dashboard

eXp believes in constant innovation to provide the best technology tools and services for agents to help them manage and grow their business.

Next week, we will launch eXp Enterprise Dashboard that will provide agents a quick view into their important business metrics such as production, transactions, commissions, capping status, revenue share and fees paid. Dashboard gives agents autonomy and greater visibility into metrics and information that’s crucial to their real-time needs.

Earlier this month, we introduced eXp Enterprise Launchpad that provides one-click access to important eXp apps and websites in one place. Agents now can easily locate eXp brand and marketing resources, the education calendar, their CINC or Kunversion dashboards, and more.

eXp Enterprise Launchpage

eXp Enterprise Launchpad

Launchpad is the home screen after signing into eXp Enterprise. Dashboard can be accessed from the upper left-hand navigation. Attend the eXp Enterprise Training or just get in Enterprise and explore.

Want to learn more?

Join the eXp Enterprise Training to learn how to use and maximize the new tools. Upcoming classes:

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It’s a New World

As eXp Realty grows, the place where we communicate, collaborate and have fun needs to grow right along with it.

On Tuesday, we will launch a new version of eXp World that includes new, creative elements as well as performance, stability and usability improvements. Users will be able to experience new features that are based on feedback from agents, brokers and staff such as additional women’s clothing, emojis and even water sports you can enjoy in the comfort of your own home office!

We’ve heard from many agents that they want to work alongside others instead of by themselves in eXp World. To that end, we are testing a shared working environment where users can build community and collaborate in a team room. Team rooms are ideal for agent teams or state brokers. During the next few months, we will gather feedback on this concept and determine if groups want to “lease” team rooms.

It’s a new eXp world. Attend the eXp World Secrets Unveiled class or just get in there and explore the new and improved features:

1. Additional women’s clothing: New tops, jackets, skirts, pants and shoes. Go to settings in the top right-hand side of the screen and select “Change Avatar”.

Additional women’s clothing

2. Emojis for chat: Feeling a little sadness, joy or anger? Add some emotion to your chat. Just click on the emoji icon in the chat window, select and press enter.

Emojis for chat

3. Power boats in the lagoon: Take these out for a spin! From the “Welcome Area” take a right past the “Tech Outpost” and walk to the water.

Power boats in the lagoon

4. Co-working in the cloud: Test the co-working concept and see how you like it. Go to the first skyscraper, walk to the front doors and enter. Be sure to send us your feedback.

Co-working in the cloud

5. Share any website: With the new integrated browser, now users can share and interact with any website from every meeting room.

6. Simple screen share: Share a screen more easily with fully integrated FreeConferenceCall.com or a personal Join.me account.

How to screen share with FreeConferenceCall.com:

  1. Click on the screen you wish to share on
  2. Click on “Share Your Screen” icon in lower right
    Click on “Share Your Screen” icon in lower right
  3. Follow the prompts on to set up an account (new users)
  4. Click on “Host”
  5. Use the FreeConferenceCalling.com control panel to select what you wish to share
    Use the FreeConferenceCalling.com control panel to select what you wish to share
    Use the FreeConferenceCalling.com control panel to select what you wish to share

7. Resizeable window: Easily resize the eXp World window by dragging or clicking on the “minimize/maximize” browser button.

8. Improved YouTube support: Videos automatically go to full screen and play/pause is synced with other users.

9. Improved Google slides support: Edit in eXp World. Enter link address in lower right URL box to automatically present.

To install the new version (starting Oct. 31):

Want to learn more?

Join the eXp World Secrets Unveiled class to learn how to maximize eXp World, the tools available and the secrets that are hidden within our cloud campus environment. Upcoming classes:

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eXp Insider: Improving the Speed of Commission Payments

Some of you have heard about Operation Payment Express, eXp’s initiative to speed up commission payments to our agents and create standard payment procedures. But with so many new agents and others asking for an update, we talked to Kee Wah Chung, vice president of agent experience, and Patty Shaw, director of the transaction and payment team, to hear the latest.

Q: What’s Operation Payment Express and how does it help agents?
Kee Wah: Back in late May 2017, we started an initiative called Operation Payment Express, or OPE. It’s an ongoing initiative to improve the speed and accuracy of paying out commissions to agents on completed transactions. During the first phase of OPE, our goal was to initiate payment on 90 percent of all core transactions within one business day by June 30 — we exceeded our goal by June 20.

Today, we generally work on settlements and disbursement authorizations the same day — this is a HUGE WIN! This quick turnaround puts money in agent’s pockets faster and allows them to better manage their business finances.

Q: What does “initiate” payment mean?
Patty: Initiate is when eXp Realty electronically sends a commission payment to the agent’s bank account. Some financial institutions (e.g., credit unions) may take additional time to post a payment however we want to ensure we “initiate” a payment as quickly as possible.

Q: That is exciting news. How did you do it?
Patty: We focused on the key themes of people, process and technology. We increased the number of individuals focused on settlement and disbursement from one to eight team members. In addition, we streamlined our internal processes, and helped to expedite transactions and payments. Lastly, we leveraged technology that would manage all commission payment through a “ticketing system”. We saw a dramatic increase of payment velocity and visibility of transactions across the teams as a result. Currently, we are working with the Enterprise development team to add the entire transaction and payment workflow so only one tool is used to drive this process, further increasing efficiency and accuracy.

Q: How can we find out more?
Kee Wah: Since the beginning of June, we have held regular Operation Payment Express meetings. Aligning to our core values of transparency and collaboration, this is an internal meeting that we open up to all agents, brokers and staff who want to gain insight on the continuous improvements and efforts we are working on as part of OPE. These are held every Monday and Thursday at 8:30 a.m. Pacific in Meeting Room 6 in eXp World. You can be a fly on the wall and we never hold back on what is discussed. Often, there is additional time remaining and we ask for guidance on what we should focus on. Patty Shaw also provides regular updates at the weekly eXp Realty state administrative brokers’ meeting.

Q: Is Operation Payment Express complete?
Patty: No, we are looking to build upon our success. Operation Payment Express is an ongoing initiative to drive continuous improvement. For example, from time to time hiccups happen delaying a commission payment. This is generally because we are missing a signature, document or transaction-specific information we need to issue a commission payment. We organized the Transaction and Payment Teams so they all work more efficiently together to handle these one-off cases. In addition, we use these situations as learning experiences and opportunities to improve.

Q: What’s next?
Kee Wah: Based on feedback from agents, our next area of focus will be on rentals, referrals and leases. I’m positive we’ll be able to deliver the same level of success as we have during our first phase of OPE. We’d like to say “thank you” for partnering with our team as we continue to focus on making eXp Realty the best!

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eXp Realty Hires Vicki Olafson as Vice President of Employee Experience

Brings More Than 20 Years of Expertise Fostering Culture at High-growth Companies

eXp Realty Hires Vicki Olafson as Vice President of Employee Experience

eXp Realty Hires Vicki Olafson as
Vice President of Employee Experience

SEATTLE Oct. 11, 2017 eXp Realty, LLC, the Agent-Owned Cloud Brokerage® and a subsidiary of eXp World Holdings, Inc. (OTCQB: EXPI), today announced that Vicki Olafson has joined the company as vice president of employee experience. Most recently, Vicki led human resources for a national company, supporting 2,300 employees. Additionally, she brings more than 20 years of expertise fostering culture at high-growth companies.

At eXp Realty, Vicki will be an integral part of driving the overall culture and organizational philosophy of the organization and ensuring there is a strong link between the company’s strategic goals and HR programs. She will be responsible for developing programs and services to grow the overall employment experience.

Relatedly, Mary Frances Coleman will assume the newly established role of chief operating officer of eXp Realty. She joined the company in August 2017 as general counsel. Mary Frances will leverage her extensive experience to oversee the operational parts of eXp Realty, including growth, productivity and compliance. She also will work closely with the eXp Realty Agent Advisory Council.

In addition, Macie Hawkes has joined the company as general counsel. Macie brings more than a decade of real estate and legal experience to eXp Realty. At eXp Realty, Macie will focus on growth, technology, corporate governance, M&A and equity issues.

eXp Realty Hires Macie Hawkes as General Counsel

eXp Realty Hires Macie Hawkes as General Counsel

“As we scale with this unbelievable growth, it is important that we put more resources toward the internal workings of eXp Realty while driving transparency and supporting an agile, self-organized team of professionals,” said Glenn Sanford, CEO, chairman and founder of eXp World Holdings. “I am thrilled to have Vicki on our team to ensure we have the right core HR elements in place to steward the company through our next phase of growth.

In Mary Frances’ new role, she will lead the cross-collaboration efforts across the organization as well as the leadership responsibility for compliance, financial and operational matters. I’m excited about her leading the decision-making process that benefits our agents and also the long-term sustainability of our company.

Being an agent-owned cloud brokerage is an important part of our DNA. Macie’s experience and understanding of corporate governance will ensure we are always thinking about our agent-owner shareholders. I’m very pleased at how Macie has hit the ground running handling the day-to-day legal duties.”

About eXp World Holdings

eXp World Holdings, Inc. (OTCQB: EXPI) is the holding company for eXp Realty, LLC, the Agent-Owned Cloud Brokerage®. eXp Realty (exprealty.com) is changing the way that agents, brokers and consumers work together in an adaptive, sustainable environment. It is an agent-designed and agent-owned company. As the leading, national, cloud-based real estate brokerage, eXp Realty provides 24/7 access to collaborative tools, training and socialization for real estate brokers and agents through its 3-D, fully-immersive, cloud office environment. It is one of the fastest growing real estate brokerage firms in North America with more than 5,000 agents in 44 U.S. states, the District of Columbia and the provinces of Alberta and Ontario, Canada. As a publicly traded company, eXp World Holdings, Inc. uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.

For more information, please visit the company’s website at www.eXpRealty.com.

Connect with eXp Realty and eXp World Holdings:

Safe Harbor Statement

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.

Media Relations Contact:

Cynthia Nowak
Director of marketing and communications, eXp Realty
206-390-2302
[email protected]

Investor Relations Contact:

Greg Falesnik
Managing director, MZ Group – MZ North America
949-385-6449
[email protected]

The post eXp Realty Hires Vicki Olafson as Vice President of Employee Experience appeared first on eXp World Holdings.

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eXp Realty Hosts National Conference, Now Exceeds 5,000 Real Estate Agents Across North America

More Than 2,000 Agents Joined the eXp Family During the Past Seven Months

FORT LAUDERDALE, Florida Oct. 10, 2017 eXp Realty, LLC, the Agent-Owned Cloud Brokerage and a subsidiary of eXp World Holdings, Inc. (OTCQB: EXPI), today announced at its fourth annual national conference, EXPCON 2017, that the company surpassed 5,000 real estate agents across North America.

eXp Realty Now Exceeds 5,000 Real Estate

This important company milestone represents 175 percent growth from the same time last year. In the last seven months, more than 2,000 agents joined the eXp Realty family. Also during the past year, the company launched in four additional U.S. states and Ontario, Canada.

eXp Realty’s exponential growth signifies a shift in what agents and teams consider when choosing a brokerage. No longer is a physical office the best way to build community with other agents and clients. Now, agents have the ability to work in the cloud to collaborate, market their own brand and be part of redefining the real estate brokerage value proposition. As the only cloud-based real estate brokerage, eXp Realty is transforming real estate experience by allowing agents to defy distance in where and with whom they work, and establish direct ownership in the company while earning additional income for helping the company grow.

“eXp Realty has experienced phenomenal growth in the past seven months. The pace of growth is really amazing. We went from approximately 3,000 agents in March 2017 to more than 5,000 today,” said Glenn Sanford, eXp World Holdings CEO, chairman and founder. “We couldn’t have done this without the outstanding team we’ve built and thousands of agents who share their positive experience with industry peers.

eXp Realty makes a lot of sense for many agents. We offer a cloud office environment where they can collaborate with top professionals, and get online training and support; and be part of the future of real estate while growing their own future by earning both revenue and equity based on their activities with the company.”

About eXp World Holdings

eXp World Holdings, Inc. (OTCQB: EXPI) is the holding company for eXp Realty, LLC, the Agent-Owned Cloud Brokerage®. eXp Realty (exprealty.com) is changing the way that agents, brokers and consumers work together in an adaptive, sustainable environment. It is an agent-designed and agent-owned company. As the leading, national, cloud-based real estate brokerage, eXp Realty provides 24/7 access to collaborative tools, training and socialization for real estate brokers and agents through its 3-D, fully-immersive, cloud office environment. It is one of the fastest growing real estate brokerage firms in North America with more than 5,000 agents in 44 U.S. states, the District of Columbia and the provinces of Alberta and Ontario, Canada. As a publicly traded company, eXp World Holdings, Inc. uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.

For more information, please visit the company’s website at www.eXpRealty.com.

Connect with eXp Realty and eXp World Holdings:

Safe Harbor Statement

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.

Media Relations Contact:

Cynthia Nowak
Director of marketing and communications, eXp Realty
206-390-2302
[email protected]

Investor Relations Contact:

Greg Falesnik
Managing director, MZ Group – MZ North America
949-385-6449
[email protected]

The post eXp Realty Hosts National Conference, Now Exceeds 5,000 Real Estate Agents Across North America appeared first on eXp World Holdings.

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eXp World Holdings to Present at The MicroCap Conference in New York on October 5th

SEATTLE, WA – Sept. 28, 2017 – eXp World Holdings, Inc. (OTCQB: EXPI), the holding company for eXp Realty, LLC, The Agent-Owned Cloud Brokerage®, today announced that management is scheduled to present at The MicroCap Conference in New York City on Oct. 5, 2017.

eXp World Holdings management will host one-on- one meetings throughout the day and is scheduled to present as follows:

The MicroCap Conference

Date/Time: Thursday, Oct. 5, 2017 at 6:00 a.m. PT/9:00 a.m. ET
Location: JW Marriott Essex House, Track 2 (60 Central Park S, New York)
Webcast: http://wsw.com/webcast/microcapconf5/expi/. The Company will archive the presentation on the investor relations section of the website at www.expworldholdings.com

For more information on the conference or to schedule a one-on- one meeting with eXp World Holdings management, please visit the conference website at http://microcapconf.com. Registration is mandatory for conference participation.

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (OTCQB: EXPI) is the holding company for eXp Realty, LLC, the Agent-Owned Cloud Brokerage®. eXp Realty (exprealty.com) is changing the way that agents, brokers and consumers work together in an adaptive, sustainable environment. It is an agent-designed and agent-owned company. As the leading, national, cloud-based real estate brokerage, eXp Realty provides 24/7 access to collaborative tools, training and socialization for real estate brokers and agents through its 3-D, fully-immersive, cloud office environment. It is one of the fastest growing real estate brokerage firms in North America with more than 4,000 agents in 43 U.S. states and Canada. As a publicly-traded company, eXp World Holdings, Inc. uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.

For more information, please visit the company’s website at www.eXpRealty.com.

Investor Relations Contact:

Greg Falesnik
Managing Director
MZ Group – MZ North America
949-385- 6449
[email protected]
www.mzgroup.us

The post eXp World Holdings to Present at The MicroCap Conference in New York on October 5th appeared first on eXp World Holdings.

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What’s​ ​New​ ​With​ ​eXp​ ​Enterprise

If you haven’t taken a look at eXp Enterprise lately — or ever, this is the time to do it!

The team has been hard at work taking your feedback and creating useful features for you.

My​ ​Capping​ ​Details:​ ​In Transaction Overview, agents and restricted staff can see how close
they are to capping on each closed transaction and export it to Excel.

  1. Total $ toward Cap: Running total paid toward capping status within the agent’s
    anniversary year.
  2. Cap % reached: Percentage reached toward cap within the agent’s anniversary year.

Personal​ ​Performance​ ​Metrics:​ ​In Transaction Overview, agents can see metrics important for
capping: Anniversary date, current performance (amount paid in toward reaching cap within the
anniversary year) and cap % reached (percentage reached toward cap within the agent’s
calendar year).

Transaction​ ​View:​ Improved transaction visibility enables agents to follow their transactions at
every move.

My​ ​Rev​ ​Share​ ​Report:​ ​If you have agents in your revenue share group, we added “Cap %” so
you can see how close agents are to capping.

Joining​ ​Agent​ ​Vetting:​ ​The Agent Services team can view joining agents by a pre-vetted
indicator on the trello board. Vetting rules have been applied behind the scenes to allow for
easy review of the application.

Finance​ ​Upload​ ​Documents:​ ​Finance managers can upload documents on the agent profile
page. This feature will mostly be used for W-9s and other financial documents.
Sign in and check out the updates today!

Joining​ ​Agent​ ​Vetting:​ ​The Agent Services team can view joining agents by a pre-vetted
indicator on the trello board. Vetting rules have been applied behind the scenes to allow for
easy review of the application.

Finance​ ​Upload​ ​Documents:​ ​Finance managers can upload documents on the agent profile
page. This feature will mostly be used for W-9s and other financial documents.

Sign in and check out the updates today!

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eXp World Holdings Hires Mary Frances Coleman as General Counsel

Former Realty Executives CEO and Real Estate Attorney Joins Rapidly Growing Agent-Owned Cloud Brokerage

BELLINGHAM, WA–(Marketwired – August 16, 2017) – eXp World Holdings, Inc. (OTCQB: EXPI), the holding company for eXp Realty, LLC, The Agent-Owned Cloud Brokerage®, announced today that industry veteran Mary Frances Coleman has joined eXp Realty as general counsel. Previously, Coleman was CEO and president at Realty Executives, LLC and vice president of operations at HomeSmart International, both leading international brokerages. Coleman also is a national speaker on real estate and legal issues.

Her experience will help eXp Realty manage its rapid growth while continuing to deliver the best agent-owner experience in the industry. Coleman will report to Founder, Chairman and CEO Glenn Sanford. She holds a bachelor’s degree from the University of Cincinnati and a juris doctor degree from The John Marshall Law School. Coleman also is a licensed real estate broker in Arizona.

“We sought a general counsel with broad operational skills to help us continue to build and grow a world-class company. Mary Frances’ experience, where she ran entire businesses while providing legal counsel to the real estate industry, is a perfect fit for eXp,” said Sanford. “We welcome her to our team and look forward to leveraging her deep expertise as we continue growing our agent-centric, cloud-based real estate brokerage.”

“eXp’s vision and mission to put agents first, while utilizing technology to make operational and economic improvements to the traditional real estate brokerage model was very attractive to me,” said Coleman. “I’m looking forward to joining this talented and passionate team on a mission to change the way that agents, brokers and consumers work together.”

About eXp World Holdings, Inc.
eXp World Holdings, Inc. (OTCQB: EXPI) is the holding company for eXp Realty, LLC, the Agent-Owned Cloud Brokerage®. eXp Realty (exprealty.com) is changing the way that agents, brokers and consumers work together in an adaptive, sustainable environment. It is an agent-designed and agent-owned company. As the leading, national, cloud-based real estate brokerage, eXp Realty provides 24/7 access to collaborative tools, training and socialization for real estate brokers and agents through its 3-D, fully-immersive, cloud office environment. It is one of the fastest growing real estate brokerage firms in North America with more than 4,000 agents in 43 U.S. states, the District of Columbia and the provinces of Alberta and Ontario, Canada. As a publicly-traded company, eXp World Holdings, Inc. uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.

For more information, please visit the company’s website at www.eXpRealty.com.

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Safe Harbor Statement
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

Media Relations Contact:
Cynthia Nowak
Director of marketing and communications
eXp Realty
206-390-2302
Email contact

Investor Relations Contact:
Greg Falesnik
Managing director
MZ Group – MZ North America
949-385-6449
Email contact

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