eXp Realty Launches in Hawaii

BELLINGHAM, WA–(Marketwired – September 09, 2015) – eXp Realty International Corporation (OTCQB:EXPI) today announced that it has commenced real estate brokerage operations in the State of Hawaii. The launch marks the first time that the Agent-Owned Cloud Brokerage has extended its reach beyond mainland North America. Brokerage operations for eXp Realty in Hawaii will be overseen by Randy Prothero of Mililani.

“Throughout my career I have believed in adopting a progressive approach to the real estate business, where a premium is placed on professional ethics, professional development, and the utilization of systems and technologies to both build a thriving business and to provide an optimum consumer experience,” said Prothero, who has held numerous leadership positions with the Honolulu Board of Realtors. “With eXp Realty’s launch in Hawaii, I can now offer a model to professionals who share these ideals, and whose entrepreneurial abilities fit perfectly within eXp’s agent ownership philosophy.”

Prothero, who has received a number of awards during the course of his real estate career, is an experienced principal broker and team leader, and is a certified continuing education instructor. Active within his local community, Prothero has volunteered for and sponsored many youth activities.

“Our commencement of operations in Hawaii demonstrates our commitment to building a community of agent-owners collaborating across borders, whether drawn or natural, in furtherance of building their own personal businesses as well as the public company of which they are shareholders,” said eXp Realty 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 orwww.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.