eXp World Holdings Shareholders Elect Monica Weakley to the Board of Directors

BELLINGHAM, Wash., June 23, 2022 (GLOBE NEWSWIRE) -- eXp World Holdings, Inc. (Nasdaq: EXPI) this week announced the election of Monica Weakley to the Company’s board of directors, effective June 20, 2022.

“We are very excited to welcome Monica, whose strong leadership and sense of purpose and service will offer an important voice of the agent to our Board,” said Glenn Sanford, Founder, CEO and Chairman of eXp World Holdings. “Monica’s advocacy for those just starting out in the industry as well as for experienced agents in need of a guiding hand is a reflection of her personal journey of sacrifice and caring for others.”

Weakley is a top-producing eXp Realty agent who is dual-licensed in Ohio and Kentucky, where she focuses on the Cincinnati and Northern Kentucky markets. She is also a member of the eXp Realty Agent Advisory Council and has a coaching business, “My Coach Monica.”

Prior to becoming a real estate agent in 2003, Weakley worked in radio advertising for many years, but always had a passion for real estate. Before joining eXp Realty in 2017, she was a team leader at a major brokerage for many years, running the largest office in the Cincinnati area.

“I’m beyond honored to join the eXp World Holdings Board of Directors,” said Weakley. “I am passionate about representing the agents’ viewpoint to recognize their extraordinary contributions. I look forward to joining the eXp leadership team with a focus on continued iteration on the best agent value proposition in the industry.”

The other existing eXp World Holdings Board of Director members were reelected, including: Dan Cahir, Chief Executive Officer and Chief Investment Officer of Sapling Capital, LLC; Darren Jacklin, real estate investor and Managing Director of Grandeur Capital Corp.; Gene Frederick, longtime real estate investor and executive; Jason Gesing, CEO of eXp Realty; Randall Miles, investment banker and Managing Partner at SCM Capital Group; and Sanford. Weakley will serve a one-year term on the Board and will fill the seat of eXp Realty agent Fee Gentry.

“I would like to thank Fee for her strong voice and contributions during her two-year tenure on the Board,” said Sanford. “You cannot find a more passionate individual than Fee, as evidenced not only by her strong leadership and support in getting our ONE eXp initiative off the ground, but by her consistent drumbeat to make us all be a little more sensitive and aware of people’s differences and that we are all equal.”

About eXp World Holdings, Inc.
eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty^®, Virbela and SUCCESS^® Enterprises.

eXp Realty is the fastest-growing real estate company in the world with more than 82,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, Dominican Republic, Greece and New Zealand and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by Virbela, an immersive 3D platform that is deeply social and collaborative, 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

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 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 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

Investor Relations Contact:
MZ Group – MZ North America
investors@expworldholdings.com

A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/b4a40f21-0aab-4646-b8cf-117ec09dc407