eXp World Holdings to Hold Virtual Investor Q&A on June 19

BELLINGHAM, Wash., June 17, 2020 (GLOBE NEWSWIRE) -- eXp World Holdings, Inc. (Nasdaq: EXPI), the holding company for eXp Realty and VirBELA, today announced it will hold a virtual fireside chat between CEO Glenn Sanford and CFO Jeff Whiteside, and D.A. Davidson Senior Research Analyst Tom White on Friday, June 19 at 8 a.m. PT / 11 a.m. ET.

The investor Q&A is open to investors, current shareholders and anyone interested in learning more about eXp World Holdings and its companies.

Date: Friday, June 19
Time: 8 a.m. PT / 11 a.m. ET – 9 a.m. PT / noon ET
Location: VirBELA Open Campus in the Auditorium. Join at virbela.com.
Livestream: expworldholdings.com/events

In advance, eXp World Holdings is releasing the following strategic update:

• As we approach the end of the second quarter, we are now projecting that eXp World Holdings will report net income for the third quarter in a row. As a result of its cloud-based brokerage strategy, eXp Realty is benefitting from substantial cost savings that competing brokerages in the industry are unable to realize. Based on the current trajectory, this will likely be eXp World Holdings’ most profitable quarter in the history of our company.
• Our strategic focus on international growth has intensified. Under new leadership, we are now planning on adding a significant number of agents in international markets during the course of the next year. This will likely result in international markets becoming a material contributor to our growth.  
• We are planning to aggressively expand our presence in commercial real estate during the coming year and anticipate attracting a significant number of commercial real estate brokers. This initiative is anticipated to lead to commercial real estate becoming a strong contributor to growth of the company.  
• We continue to gain traction in our affiliated services businesses. We anticipate that during the coming year there will be material contributions to results from growth in Express Offers, IntroLend First Cloud mortgage lending, Silverline Title and Escrow closing, along with the other affiliated services businesses combined. We plan to launch new services and establish new partnerships that will continue to expand our offerings during the coming year.      
• VirBELA continues to experience a step change in the business. We are engaged with hundreds of new and prospective clients. The business is positioned to substantially benefit from the global shift to remote work.

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