Agents Gone Mobile

One of the Fastest-growing Real Estate Platforms Extends Opportunity to Over 1 Million Agents in India Market

BELLINGHAM, Wash. — Nov. 16, 2020 (GLOBE NEWSWIRE) — eXp World Holdings (Nasdaq: EXPI), the holding company for eXp Realty, one of the fastest-growing residential and commercial real estate companies in the world, today announced it has expanded its collaborative, cloud-based real estate brokerage model into India, under the eXp India banner. The addition of residential and commercial brokerage operations in India represents the fifth international expansion for the company, which is headquartered in the United States. In addition to its robust U.S. presence, eXp Realty also operates in Canada, the United Kingdom, Australia, and South Africa, with more than 38,000 agents across the globe.

eXp Realty offers a unique financial model for residential and commercial real estate agents, going beyond attractive commissions to provide its agents with revenue share and equity ownership opportunities. The partnership model also offers proprietary marketing resources, including the company’s cloud-based virtual environment and customized technology platform that enhances virtual prospecting, sales, training and communications for agents.

“We are excited to bring our innovative and proven model to India. Given its pool of over 1 million agents, India is one of the most dynamic real estate markets in the world and is perfectly poised to benefit from our agent-centric model,” said Michael Valdes, President of eXp Global. “In advance of our official launch, we have already received a phenomenal response after formally establishing operations and our preliminary marketing efforts.  In addition to increased revenue opportunities the model brings to agents in India, our focus will be to provide access to our cloud-based brokerage and virtual technology to help deliver valuable marketing resources and position our agents for the future of real estate.”

“India has never seen a model like this before, which I believe will change the traditional landscape of the industry,” said Shashank Vashishtha, Designated Managing Broker in India. “eXp India will be a game-changer for both consumers and agents.”

Similar to the U.S. model, eXp Realty and the global division anticipates a similar trajectory for India’s real estate industry to utilize a model that not only offers generous commissions, but incentivizes agents to attract other agents through eXp’s multi-layered compensation model.

“Our decision to expand into the growing India market is a direct result of the robust growth we’ve experienced in the U.S. and other high-value international locations,” said Jeff Whiteside, CFO and Chief Collaboration Officer of eXp World Holdings. “Over the last five years, we’ve grown our revenue at a compounded annual growth rate of over 100%, and recently, reported record financial results and profitability in the third quarter of 2020. We expect to continue this momentum by extending our incentivizing model to markets capable of the success we’ve had domestically, and believe India aptly illustrates that opportunity.”

The company’s presence in India will encompass a national footprint, including all major cities and states. India represents one of five countries eXp Global has identified for expansion by the end of 2020. South Africa launched in October 2020 and the remaining countries include France, Mexico and Portugal.

About eXp World Holdings, Inc. 

eXp World Holdings, Inc. (Nasdaq: EXPI) owns eXp Realty and Virbela.

eXp Realty, The Real Estate Cloud Brokerage, is one of the fastest-growing, global residential real estate companies with more than 38,000 agents in the United States, Canada, the United Kingdom, Australia and South Africa. As a subsidiary of a publicly traded company, eXp Realty uniquely offers real estate professionals within its ranks opportunities to earn eXp World Holdings stock for production and contributions to overall company growth.

Virbela is an immersive technology platform for business, events and education. Its modern, cloud-based environment provides a virtual experience for workers, attendees, students and more to communicate, collaborate, meet and socialize. For more information, visit the company’s website at virbela.com.

For more information, please visit the company’s website at https://expworldholdings.com.

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 economic and social effects of the COVID-19 pandemic; continued growth of our agent and broker base; expansion of our residential real estate brokerage business into foreign markets; demand for remote working and distance learning solutions and virtual events; development of our new 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 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 Quarterly Report on Form 10-Q and Annual Report on Form 10-K.

Media Relations Contact:
eXp World Holdings, Inc.
Mediarelations@expworldholdings.com 

India Media Relations Contact:
Deepali Gusain
deepali.gusain@exprealty.net

Investor Relations Contact:Greg Falesnik
MZ Group – MZ North America
Investors@expworldholdings.com

Glenn Sanford, CEO, and Jeff Whiteside, CFO, to Present November 17, 2020

BELLINGHAM, Wash. — Nov. 16, 2020 — eXp World Holdings, Inc. (Nasdaq: EXPI), the holding company for eXp Realty and Virbela, today announced that management will present at the Stephens 2020 Virtual Investment Conference taking place virtually on November 17, 2020.

Glenn Sanford, Founder, Chairman and CEO, and Jeff Whiteside, CFO, are scheduled to host a virtual fireside chat during the conference as follows and will participate in one-on-one meetings throughout the day.

Stephens 2020 Virtual Investment Conference

Date: Tuesday, November 17, 2020

Presentation Time: 4:00 p.m. EST (1:00 p.m. PST)

Webcast:  https://kvgo.com/stephens/exp-world-holdings-november-2020

A live audio webcast and archive of the conference presentation will be available using the webcast link above. Conference participation is by invitation only and registration is mandatory. For more information, or to schedule a virtual one-on-one meeting, please contact your conference representative.

About eXp Realty

eXp World Holdings, Inc. (Nasdaq: EXPI) owns eXp Realty and Virbela.

eXp Realty, The Real Estate Cloud Brokerage, is one of the fastest-growing, global residential real estate companies with more than 38,000 agents in the United States, Canada, the United Kingdom, Australia and South Africa. As a subsidiary of a publicly traded company, eXp Realty uniquely offers real estate professionals within its ranks opportunities to earn eXp World Holdings stock for production and contributions to overall company growth.

Virbela builds virtual worlds for remote work, education, and events. Its modern, cloud-based environment provides a virtual experience for workers, attendees, students and more to communicate, collaborate, meet and socialize. For more information, visit the company’s website at virbela.com.

Connect with eXp World Holdings and its companies: https://expworldholdings.com.

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 economic and social effects of the COVID-19 pandemic; continued growth of our agent and broker base; expansion of our residential real estate brokerage business into foreign markets; demand for remote working and distance learning solutions and virtual events; development of our new 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 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 Quarterly Report on Form 10-Q and Annual Report on Form 10-K.

Investor Relations Contact:
Greg Falesnik
MZ Group – MZ North America
investors@expworldholdings.com
949-385-6449

Media Relations Contact:
eXp Realty
press@exprealty.net

The post eXp World Holdings to Present at Stephens 2020 Virtual Investment Conference appeared first on eXp World Holdings.

SUCCESS Acquisition Expands Reach Into Entrepreneurial, Personal Development and Leadership Market 

BELLINGHAM, Wash. — Nov. 12, 2020 – eXp World Holdings, Inc. (Nasdaq: EXPI), the parent company of eXp Realty and Virbela, today announced the pending acquisition of SUCCESS Enterprises and its related media properties, including SUCCESS print magazine, SUCCESS.com, SUCCESS newsletters, podcasts, digital training courses and affiliated social media accounts across platforms. 

SUCCESS is a 123-year-old company with substantial brand recognition in the personal development industry, a global market valued at $38 billion in 2019, according to Grand View Research. Through the acquisition, eXp World Holdings will obtain SUCCESS’s established print distribution model and digital footprint, which has a combined reach of over 6 million including print readers, SUCCESS.com website visitors and social media followers. The acquisition also includes valuable intellectual property and assets in the personal development industry, which eXp will leverage to enhance all of the eXp brands while expanding SUCCESS’s reach.

The addition of SUCCESS will amplify eXp’s existing efforts to teach personal development skills. Through SUCCESS’s established print and digital platforms and eXp’s immersive 3D Virbela technology, eXp plans to create an ecosystem to support content, coaching, training and events in the entrepreneurial, personal development and leadership space. One of the first initiatives is to create on-demand coaching and best-in-class digital courses for business leaders across the country.

“From inception, eXp has valued personal development as a key underpinning of the success of real estate professionals. We began distributing SUCCESS magazine to every eXp agent and broker as a part of this commitment to help them succeed at the highest level,” said eXp World Holdings CEO and Founder Glenn Sanford. “When the opportunity to acquire SUCCESS was presented to me by Stuart Johnson and Success Partners, I was all over it, because of what the publication means to me and to so many sales people and entrepreneurs. Our goal is to continue to invest and expand the SUCCESS brand. By extension, this will be an investment in our agents, brokers and eXp staff, as well as a value-add for the existing SUCCESS audience.”

SUCCESS and its assets were previously owned by Success Partners, based in Plano, Texas.

“In considering the sale of an institution as meaningful and influential as SUCCESS, I wanted to entrust the brand with new ownership that would continue to serve the legacy SUCCESS audience,” said Success Partners CEO and Founder Stuart Johnson. “I know Glenn Sanford’s vision, values and integrity. During their upcoming stewardship, I am confident he and eXp will always put the community first.” 

“The mission of eXp World Holdings and SUCCESS are naturally aligned,” said SUCCESS magazine’s Editor-in-Chief Josh Ellis. “More people than ever are seeking work in the freelance or gig economy, as well as all forms of ‘solopreneurship’. To compete in this growing marketplace, many will pursue the personal development resources required to help them learn new skills. Our first offering together will combine our expertise and perspective with eXp’s immersive technology platform Virbela to help these people reach their greatest potential.” 

Throughout the transition of ownership, SUCCESS will remain led by a talented team of journalists and strategists including Chief Storytelling Officer Kindra Hall, Director of Digital & Commerce Lauren Cannon and Ellis. SUCCESS also welcomes Don Hobbs who is joining the team as President of SUCCESS Enterprises and will lead strategy and brand expansion.

“I am honored to contribute to SUCCESS’s 123-year legacy and to bring my strategy and brand development expertise to the team,” said Hobbs. “SUCCESS’s long-standing history paired with eXp’s forward-thinking vision creates a timelessness that elevates both brands and promotes continued growth.”

The acquisition is currently in the early stages and is expected to be completed by first quarter 2021. For more information about eXp World Holdings and their subsidiaries go to www.expworldholdings.com.

About SUCCESS

SUCCESS is a U.S.-based business magazine that was founded in 1897 by achievement philosopher Orison Swett Marden. In its 123-year lifespan, SUCCESS has become one the leading publications in the United States covering personal and professional development through inspiration, motivation and training. In addition to SUCCESS magazine, the brand’s media properties include SUCCESS.com, SUCCESS newsletters, podcasts, digital training courses and affiliated social media accounts across platforms. 

About eXp World Holdings, Inc. 

eXp World Holdings, Inc. (Nasdaq: EXPI) owns eXp Realty and Virbela. 

eXp Realty, The Real Estate Cloud Brokerage, is one of the fastest-growing, global residential real estate companies with more than 38,000 agents in the United States, Canada, the United Kingdom, Australia and South Africa. As a subsidiary of a publicly traded company, eXp Realty uniquely offers real estate professionals within its ranks opportunities to earn eXp World Holdings stock for production and contributions to overall company growth.

Virbela is an immersive technology platform for business, events and education. Its modern, cloud-based environment provides a virtual experience for workers, attendees, students and more to communicate, collaborate, meet and socialize. For more information, visit the company’s website at virbela.com.

For more information, please visit the company’s website at https://expworldholdings.com.

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 economic and social effects of the COVID-19 pandemic; continued growth of our agent and broker base; expansion of our residential real estate brokerage business into foreign markets; demand for remote working and distance learning solutions and virtual events; development of our new 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 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 Quarterly Report on Form 10-Q and Annual Report on Form 10-K.

Investor Relations Contact:
Greg Falesnik
MZ Group – MZ North America
investors@expworldholdings.com
949-385-6449

Media Relations Contact:
eXp Realty
press@exprealty.net

 

The post eXp World Holdings to Acquire Leading Personal Development Media Brand, SUCCESS Enterprises appeared first on eXp World Holdings.

Company expects to launch operations in all 50 U.S. states by end of 2020

BELLINGHAM, Wash. — November 11, 2020 — eXp World Holdings, Inc. (Nasdaq: EXPI), one of the fastest-growing residential and commercial real estate companies in the country, today announced the expansion of its commercial real estate operations for eXp Commercial into 35 states. eXp Commercial expects to be in all 50 U.S. states by the end of 2020.

“eXp Commercial is attracting top-producing agents with its innovative cloud-based environment and attractive economics for agents and brokers,” said Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings. “By the end of 2020, we expect to extend eXp Commercial’s reach into all 50 states, and look forward to welcoming many more agents from across the country into the commercial business.”

Through the company’s unique financial model, eXp Commercial offers commercial real estate agents compelling incentives, such as one of the most competitive commission packages in the real estate industry and opportunities to earn stock awards. Additionally, eXp Commercial agents and eXp Realty agents can collaborate for referrals, which also provides proprietary marketing resources, including the company’s cloud-based virtual environment and a customized technology platform. Technology from CoStar will also be made available to enhance virtual prospecting, sales, training and communications.

eXp announced plans to expand into the commercial real estate industry at the end of the second quarter 2020. In September, eXp World Holdings announced that James Huang, an industry veteran with more than 20 years of commercial real estate experience, was appointed as President of eXp Commercial.

“Agents all over the country have recognized that the eXp model positions them for market success, despite challenges brought on by the global pandemic,” said Huang. “This year, many commercial brokers have been forced to cut spending and operations. Agents that have adopted the eXp model have very low overhead and no need for a brick-and-mortar location. We firmly believe that this is the right time to build on the success of eXp and to earn new business.”

To learn more about eXp Commercial, visit www.expcommercial.com.

About eXp World Holdings, Inc.
eXp World Holdings, Inc. (Nasdaq: EXPI) owns eXp Realty, eXp Commercial and Virbela.

eXp Realty, The Real Estate Cloud Brokerage, is one of the fastest-growing, global residential real estate companies with more than 38,000 agents in the United States, Canada, the United Kingdom Australia and South Africa. As a subsidiary of a publicly traded company, eXp Realty uniquely offers real estate professionals within its ranks opportunities to earn eXp World Holdings stock for production and contributions to overall company growth.

Virbela is an immersive technology platform for business, events and education. Its modern, cloud-based environment provides a virtual experience for workers, attendees, students and more to communicate, collaborate, meet and socialize. For more information, visit the company’s website at www.virbela.com.

For more information, please visit the company’s website at  https://expworldholdings.com/.

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 economic and social effects of the COVID-19 pandemic; continued growth of our agent and broker base; expansion of our residential real estate brokerage business into foreign markets; demand for remote working and distance learning solutions and virtual events; development of our new 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 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 Quarterly Report on Form 10-Q and Annual Report on Form 10-K.

Investor Relations Contact:
Greg Falesnik
MZ Group – MZ North America
investors@expworldholdings.com
949-385-6449

Media Relations Contact:
eXp Realty
press@exprealty.net

The post eXp World Holdings Expands its Commercial Real Estate Network Across the Nation appeared first on eXp World Holdings.

Several New Language Capabilities Added to Meet Global Demand for the Virtual World Platform

SAN DIEGO — November 10, 2020 — Virbela, a virtual world platform for remote work, education, and events, today announced continued growth and momentum in the third quarter of 2020. Part of eXp World Holdings (Nasdaq: EXPI), Virbela saw a 78% increase in new users over the second quarter, while international markets accounted for more than 50% of new user growth in the third quarter. As the global pandemic has forced organizations to adapt to a work-from-anywhere environment, Virbela’s momentum speaks to the growing demand and market opportunity for virtual worlds and immersive collaboration solutions.

“This past year has brought a global surge of interest in new tools for remote work, distance learning and virtual events. People are burned out from the overload of video conferencing, and organizations are looking for solutions that recreate the community and social benefits of in-person interactions,” said Alex Howland, president and co-founder of Virbela. “Virbela is building immersive, virtual environments to solve these real-world problems. We’ve seen incredible adoption and are introducing new features to help people collaborate and stay connected, no matter where they are in the world.”

International Growth and Adoption

While Virbela continued to see strong user adoption across the U.S., Canada, Europe, and Asia in the third quarter, the biggest influx of new users came from Latin America, including Mexico, Colombia, Argentina, and Brazil. Penta Marketing, an agency that specializes in experiential marketing and 3D virtual events across Latin America, partnered with Virbela to create immersive event experiences for their clients, including Mercedes-Benz, Mobil, and Samsung.

“The pandemic has had a tremendous impact on the events industry, altering the way we communicate and interact with one another,” said Camilo Caicedo, CEO of Penta Marketing. “When Penta pivoted from hosting in-person events, we chose Virbela as our go-to partner for 3D virtual events because the platform is intuitive, customizable, and there are no barriers to entry. The alliance between a disruptive software like Virbela and our agency, which has more than 25 years of event production experience, has been the real key to success.”

To keep pace with global demand, Virbela added five new languages for international customers in the third quarter, including Brazilian Portuguese, Chinese (simple and traditional), French, and Spanish. German and Japanese localization is expected to be added before the end of the year.

Virtual Worlds Bring In-Person Experiences to Life Online 

Organizations around the world are undergoing a digital transformation and turning to Virbela to bring their business and in-person experiences to life online — from remote work and learning to virtual events. Virbela offers an immersive 3D environment that is easy-to-use, collaborative, and helps organizations of all sizes build communities that foster culture, promote diversity, and are accessible to all, regardless of technology or location.

Q3 2020 customer highlights include:

• • Children’s Miracle Network Hospitals, a non-profit that raises funds for children’s hospitals in the U.S. and Canada, held its Fall Business Meeting 2020 in Virbela. Over the course of three days, attendees participated in a series of educational sessions and networking activities. The virtual format showed a 23% increase in attendees from the previous year.
  • DXC Technology, a global IT services provider, has been using Virbela for daily stand-ups and collaboration sessions within its Workplace & Mobility practice, with plans to host both internal and client events in the near future.
  • Junior NBA World Championship turned to Event Farm and Virbela to create a cross-cultural virtual event experience for its youth basketball tournament. Players from around the world used avatars to interact with one another and featured content from NBA and WNBA teams, live programming from NBA coaches, and music performances.
  • HTC VIVE, a leader in virtual reality solutions, partnered with Virbela to launch its VIVE XR Suite for remote workplace collaboration. The VIVE Campus, part of XR Suite, enables organizations to maintain office space, work remotely across teams and regions, and attend events on a virtual campus powered by Virbela.
  • MIT Sloan, the business school of MIT, is integrating its curriculum onto Virbela, starting with an executive education digital reality course program inside the virtual world campus.
  • Sunderland University in the United Kingdom held its annual welcome week in Virbela to kick off the new school year, bringing together thousands of students for meet ups with staff, fellow students, sports clubs, interactive fitness sessions, among other activities.

This week, eXp World Holdings is hosting the industry’s largest real estate event, EXPCON, on Virbela’s virtual world platform. For the first time, the event is taking place virtually, bringing together more than 10,000 agents, staff, and guests from around the world to connect with eXp leadership, hear from industry experts, and attend breakout sessions with other professionals.

About Virbela and eXp World Holdings

eXp World Holdings, Inc. (Nasdaq: EXPI) owns Virbela and eXp Realty.

Virbela builds virtual worlds for remote work, education, and events. Its modern, cloud-based environment provides a virtual experience for workers, attendees, students and more to communicate, collaborate, meet and socialize. For more information, visit the company’s website at virbela.com.

eXp Realty, The Real Estate Cloud Brokerage, is one of the fastest-growing, global residential real estate companies with more than 38,000 agents in the United States, Canada, the United Kingdom, Australia and South Africa. As a subsidiary of a publicly traded company, eXp Realty uniquely offers real estate professionals within its ranks opportunities to earn eXp World Holdings stock for production and contributions to overall company growth.

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

Contact

media@virbela.com

 

The post Virbela Announces Record User Growth and International Adoption in Third Quarter 2020 appeared first on eXp World Holdings.