eXp World Holdings to Acquire Zoocasa Realty Inc. | New

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BELLINGHAM, Wash., June 20, 2022 (GLOBE NEWSWIRE) — eXp World Holdings, Inc. (Nasdaq: EXPI), the holding company of eXp Realty®, Virbela and SUCCESS® Enterprises, today announced the pending acquisition of Zoocasa Realty Inc. and its key property, Zoocasa.com, to enhance eXp Realty’s online lead generation, home search and listing portal opportunities for our agents and brokers. The transaction is subject to customary closing conditions and approvals and is expected to close in July 2022.

Zoocasa is an award-winning real estate search and brokerage portal based in Toronto, Canada. Zoocasa offers a smart, scalable, all-in-one listings platform that provides a seamless home search experience, in-depth market insights, and connection to local real estate experts.

“Online home search and lead generation portals are essential tools in residential real estate – both for clients looking to buy and sell homes, and for our agents building their businesses,” said Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings. “We are delighted to bring Zoocasa into the eXp World Holdings family of companies. Their experienced management team, technology and well-known Canadian brand will position us to create a unique portal experience, with the goal of taking home search and lead generation to the next level in North America. This acquisition demonstrates our continued investment in growth to differentiate ourselves, be a destination brokerage, and provide our agents with an exclusive option for qualified and qualified inside sales leads.

Zoocasa is owned by its CEO Lauren Haw and a group of investors, who bought Zoocasa.com from Rogers Communications in 2015. Today, the platform has nearly 12 million annual visits and 150 in-house realtors.

“Joining eXp Realty and eXp World Holdings is an exciting next step in expanding Zoocasa’s impact as we continue to redefine our portal and lead generation technology to create great customer and agent experiences. “said Lauren Haw, CEO and Official Broker of Zoocasa. “eXp’s cloud-based model is a great fit for our team and we look forward to growing our business with eXp’s management team and agent network.”

For more information about eXp World Holdings and its subsidiaries, visit expworldholdings.com.

For more information about Zoocasa Realty Inc., please visit Zoocasa About Us.

About eXp World Holdings, Inc.

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

eXp Realty is the world’s fastest growing real estate company with over 82,000 agents in the US, Canada, UK, 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 expand internationally. As a publicly traded company, eXp World Holdings offers real estate professionals the unique opportunity to earn equity rewards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of real estate brokerage and technology solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools, and personal development. The cloud-based brokerage is powered by Virbela, a deeply social and collaborative immersive 3D platform, enabling agents to be more connected and productive. SUCCESS® Enterprises, anchored by HIT ® 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.

About Zoocasa Realty Inc.

Zoocasa is an award-winning brokerage that uses data and technology to deliver an end-to-end intelligent real estate experience.

Zoocasa’s knowledge and suite of digital tools, combined with the market expertise of its in-house agents and brokerage team, enables Zoocasa to set a new standard for full-service real estate in Canada. A three-time winner of the Financial Times’ Fastest Growing Companies in the Americas and the Globe and Mail’s Fastest Growing Companies in Canada, Zoocasa continues to innovate when it comes to buying, selling and online house search.

Safe Harbor Statement

Statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current beliefs and assumptions and involve known and unknown risks and uncertainties that could cause actual results , performance or actual events differ materially from those expressed or implied. in such statements. These 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; the expansion of our residential real estate brokerage business into foreign markets; demand for remote work and learning solutions and virtual events; the 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 the forward-looking statements include changes in trading or other market conditions; the difficulty of keeping spending growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s filings with the Securities and Exchange Commission, including, but not limited to, the most recent quarterly report on Form 10-Q and annual report on Form 10-K.

Contact person for media relations:

eXp World Holdings, Inc.

[email protected]

Contact with Investor Relations:

MZ Group – MZ North America

[email protected]

Zoocasa Realty Inc. – Media Relations Contact:

[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2e8867b0-7712-4d69-ac47-0c87363913bb

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