Friday, August 19, 2016 1:35:58 PM
Earlier today, eXp World Holdings, Inc. (OTCQB: EXPI) announced the commencement of real estate brokerage operations in Alaska. Following this announcement, the company’s real estate brokerage division, eXp Realty, is now operational in 41 states across the country, as well as Alberta, Canada, and the District of Columbia. To date, the Agent-Owned Cloud Brokerage™ has attracted more than 1,500 of North America’s leading agents and brokers by leveraging an aggressive revenue sharing program and a host of collaborative tools made available through a unique, fully-immersive cloud training environment. The company’s brokerage operations in Alaska will be overseen by Brandon Tatum and Frank Zellers.
“Frank and I are excited to have the opportunity to bring eXp Realty to Alaska,” Tatum stated in this morning’s news release. “We’re looking forward to introducing the concept of agent-ownership and the idea that you can work alongside with and build relationships with some of the best agents in the business on a daily basis without having to go to a physical office or travel by plane or boat.”
News of the Alaska launch builds on what has already been an incredibly eventful week for EXPI. On Monday, the company released its second quarter financial results, reporting a 137 percent year-over-year increase in revenues to more than $13.2 million for the three-month period. This financial growth coincided with a 111 percent year-over-year increase in agent count for the company’s real estate division. Likewise, EXPI’s cash and cash equivalents at June 30, 2016, were up 207 percent from the second quarter of 2015. With a continued commitment to agent ownership, support and engagement, the company is strategically positioned to build on this impressive growth in the months to come.
The foundation for this growth has already been set through eXp Realty’s entry into new markets. Since the end of Q2, the company has already launched operations in both Utah and New Jersey, as well as Alaska. EXPI has also made moves to bolster its leadership team, adding industry veterans Rick Miller and Randall Miles to its board of directors on July 20. In the news release announcing these additions, Glenn Sanford, CEO of EXPI, referred to the move as “tremendous,” adding that the new board members “bring deep and diverse expertise” to EXPI and “give greater independence to its composition as the Company progresses.”
For more information, visit the company’s website at www.eXpWorldHoldings.com
Recent EXPI News
- eXp World Holdings Reports Q1 2024 Results • GlobeNewswire Inc. • 05/01/2024 08:15:00 PM
- Kendall Bonner Named Vice President of Industry Relations at eXp Realty • GlobeNewswire Inc. • 04/30/2024 04:00:00 PM
- eXp Realty Announces Strategic Leadership Changes to Enhance Global Growth • GlobeNewswire Inc. • 04/29/2024 07:00:00 PM
- Wendy Forsythe Joins eXp Realty as Chief Marketing Officer to Propel Agent-Centric Initiatives and Amplify Brand Reach • GlobeNewswire Inc. • 04/25/2024 01:00:00 PM
- eXp Realty Expands Global Network in Second Quarter, Welcoming Top Agents and Securing High Industry Honors • GlobeNewswire Inc. • 04/19/2024 04:00:00 PM
- eXp World Holdings to Announce First Quarter 2024 Results on May 1, 2024 • GlobeNewswire Inc. • 04/17/2024 07:00:00 PM
- Leading the Industry in Sides, eXp Realty Celebrates Its Agents' Remarkable Achievements With the Top Producers Lists for 2023 • GlobeNewswire Inc. • 04/16/2024 04:00:00 PM
- eXp Realty Names Leo Pareja as CEO to Drive Next Era of Growth and Innovation • GlobeNewswire Inc. • 04/05/2024 01:00:00 PM
- eXp Realty Expands Executive Team With Key Human Resources and Technology Leadership Appointments • GlobeNewswire Inc. • 03/28/2024 03:30:00 PM
- eXp Realty Leads the Pack in the RealTrends 500, Capturing Top Honors in Five Categories • GlobeNewswire Inc. • 03/22/2024 02:00:00 PM
- eXp Realty Pays More Than $230 Million in Revenue Share and Equity Benefits to Agents and Brokers in 2023 • GlobeNewswire Inc. • 03/11/2024 07:56:01 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/08/2024 11:35:03 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 11:40:57 PM
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- eXp World Holdings Revolutionizes Real Estate Radio With "KGCI Real Estate on Air" Partnership • GlobeNewswire Inc. • 02/29/2024 02:00:00 PM
- eXp World Holdings Reports Q4 and Full-Year 2023 Results • GlobeNewswire Inc. • 02/22/2024 09:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/22/2024 08:58:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/02/2024 09:27:17 PM
- eXp World Holdings to Announce Full-Year and Fourth Quarter 2023 Results on February 22, 2024 • GlobeNewswire Inc. • 02/02/2024 05:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/01/2024 02:00:12 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/17/2024 07:58:08 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 01/12/2024 02:00:36 PM
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