EXP World Holdings Inc (EXPI)

[MissionIR]

EXPI Teams with New Story to Aid Relief Efforts in Haiti

Earlier today, eXp World Holdings, Inc. (OTCQB: EXPI), through wholly-owned subsidiary eXp Realty, announced a partnership with New Story, a charitable organization focused on constructing homes in Haiti and other impoverished areas. Originally highlighted last Friday as part of the company’s third annual convention in San Antonio, Texas, the partnership entailed a challenge for eXp Realty’s agents and brokers to raise $18,000 in order to fund three new homes in Haiti and aid in the ongoing relief of damage caused by both the 2010 earthquake, which claimed nearly 300,000 lives, and Hurricane Matthew, which struck the island nation just last week. According to today’s update, EXPI’s challenge was met within three hours of the announcement, and the company’s agents and brokers have since raised more than $35,000 to fund additional relief projects.

“We are honored and deeply grateful to the eXp Realty community, whose members have immediately demonstrated a great generosity of resources and spirit to help families in need,” Brett Hagler, chief executive officer of New Story, stated in today’s news release. “eXp Realty agents understand that talent is universal but that opportunity is not and they recognize that a home provides the foundation for family, for safety, and for the creation and pursuit of opportunity.”

New Story’s infrastructure costs and salaries are underwritten in full by private partners, allowing the organization to allocate 100 percent of donations directly to people in need. As an added layer of contribution, New Story employs local workers and resources when constructing these homes, providing additional opportunities to residents of the impoverished areas.

To date, New Story has constructed hundreds of homes in Haiti by leveraging a cost-effective building plan that can be completed for roughly $6,000. Despite the low cost, these structures have shown to be extremely resilient. According to New Story, all of the dwellings weathered the impact of Hurricane Matthew without significant damage.

For eXp Realty, the decision to partner with New Story came as the result of a demand among its agents and brokers “to identify and serve a greater purpose as a central component of their businesses,” according to CEO Jason Gesing. The company has been experiencing rapid growth as of late, most recently through its August expansion into the State of Alaska. In total, eXp Realty is currently operational in 41 states; Alberta, Canada; and the District of Columbia, and its family of agents and brokers now includes more than 1,800 members.

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