BELLINGHAM, WA–(Marketwired – May 26, 2015) – eXp Realty International Corporation (OTCQB: EXPI), the Agent-Owned Cloud Brokerage™, today announced that it has recently engaged Radius IR (“RADIUS”) to drive the Company’s investor relations efforts.
RADIUS, a leading full-service communications firm, has initiated a comprehensive awareness campaign to increase visibility of the Company within the investment community and to assist management with achieving a fair long-term valuation of eXp Realty’s equity. Since its inception fifteen years ago, RADIUS has developed a strong reputation for its outreach and advisory work with public companies.
Glenn Sanford, Chairman & CEO of eXp Realty, stated, “The diligence of our growth strategy since early last year has begun to yield exciting results as we recently surpassed 600 agents, representing a 40% increase since last year. To ensure we maximize shareholder value we are pleased to be working with RADIUS, a seasoned well-respected advisory firm to communicate our story to a wider audience. We look forward to leveraging their proven resources and uplist experience as we plan to navigate the requirements for an eventual Nasdaq listing.”
Justin Kulik, Managing Partner of RADIUS, commented, “Following our interviews with management and our observations of the Company’s impressively loyal culture, we believe eXp Realty is poised to capture meaningful market share as an agent-owned national real estate brokerage. We are excited to work closely with management on all aspects of corporate communications and investor relations as the Company continues to execute its growth strategy.”
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.
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.