eXp Realty and new story

BELLINGHAM, Wash., June 09, 2022 (GLOBE NEWSWIRE) — Through a joint initiative with international non-profit organization New Story, eXp Realty exceeded its goal of raising $600,000 to build 100 new homes in Morelos, Au Mexico. eXp’s fundraising effort began in May 2021 in response to a 7.1 magnitude earthquake that devastated Morelos, Mexico in September 2017.

From June 9-11, eXp Realty management—along with a realtor and eXp contributor who won a raffle to attend the trip—will visit the area to see the homes the donations have made possible. Glenn Sanford, Founder, President and CEO of eXp World Holdings, personally matched $300,000 in contributions.

“I am so proud of our agents, brokers and eXp Realty employees for their generosity and support of this life-changing initiative,” Sanford said. “It’s gratifying to see the impact of our efforts to provide housing that will transform this community.”

It is estimated that 1.6 billion people worldwide currently live in inadequate housing. New Story aims to change that with innovation and through partnerships such as eXp Realty. Working with local partners, New Story is transforming communities with safe and sustainable homes using Ecoblock. This resilient building material made from compressed earth is four times stronger than traditional cinder blocks, is more affordable than traditional building materials, easier to reuse and creates less waste. The construction approach also fueled the local economy by sourcing local materials paid for at fair prices.

eXp Realty is headquartered in the United States and opened brokerage operations in Mexico in November 2020. It was the first Spanish-speaking country in eXp Realty’s global expansion and the perfect fit for the community culture of the company.

“New Story is honored to partner with eXp Realty,” said Brett Hagler, Founder and CEO of New Story. “Their commitment to excellence and innovation perfectly reflects our DNA as an organization, and their generosity will now allow hundreds of people to benefit from the life-changing gift of a forever home.”

About eXp World Holdings, Inc.
eXp World Holdings, Inc. (EXPI) is the holding company of eXp Realty®Virbela and SUCCESS® Companies.

eXp Realty is the world’s fastest growing real estate company with over 82,000 agents in the US, Canada, UK, Australia, South Africa, India, Mexico, Portugal, in France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, Dominican Republic, Greece and New Zealand and continues to expand internationally. As a publicly traded company, eXp World Holdings offers real estate professionals the unique opportunity to earn equity rewards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of real estate brokerage and technology solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools, and personal development. The cloud-based brokerage is powered by Virbela, a deeply social and collaborative immersive 3D platform, enabling agents to be more connected and productive. SUCCESS® Enterprises, anchored by SUCCESS® magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.

For more information, visit https://expworldholdings.com.

Safe Harbor Statement

Statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current beliefs and assumptions and involve known and unknown risks and uncertainties that could cause actual results , performance or actual events differ materially from those expressed or implied. in such statements. These 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 continued growth of our agent and broker base; the expansion of our residential real estate brokerage business into foreign markets; demand for remote work and learning solutions and virtual events; the development of our commercial brokerage and our ability to attract commercial real estate brokers; and revenue growth and financial performance. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in the forward-looking statements include changes in trading or other market conditions; the difficulty of keeping spending growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s filings with the Securities and Exchange Commission, including, but not limited to, the most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K.

About the new story
New Story is a non-profit organization working to create a world where no human lives in survival mode. The organization currently works in Mexico, Haiti, El Salvador and Bolivia where it has funded over 2,500 homes for families in need. Their 100% model ensures that every penny of every donation goes towards building homes while their organization’s overhead is covered by private donors. Learn more about newstorycharity.org.

CONTACTS

Contact person for media relations:

eXp World Holdings, Inc.
[email protected]

Contact with Investor Relations:

MZ Group – MZ North America
[email protected]

A photo accompanying this ad is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1e1cebfc-176e-49be-b038-de4eecc77592

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