Day: June 30, 2023

Qualifying independent teams and brokerages to receive financial incentives when joining eXp Realty

As part of this program, eXp Realty will provide financial incentives to independent teams and brokerages that are culturally aligned, have more than 50 agents and a minimum of $100 million (US/CAN) in sales volume in the originating country over the previous 12-month fiscal period. International qualifications to be released. Additional qualifications apply. Cannot be affiliated with any non-independent franchise.

“We’re laser-focused on attracting and retaining the best agents in the business,” said Glenn Sanford, founder and CEO of eXp Realty. “Boost aligns the interests of independent teams and brokerages with eXp Realty through a shared commitment to our values, culture and growth goals. Our platform is designed to help individual agents and teams thrive. We understand the pressures that down markets place on independent teams and brokerages, and this program is intended to alleviate that stress and streamline the transition process.”

To ease any potential financial barriers to entry, Boost provides an incentive model that simplifies a move to eXp Realty. Once onboarded, the new brokerage can immediately begin reaping the benefits of joining eXp Realty, including stock equity, no overhead costs, no brokerage risk or liability, brokerage support and operations, agent support and services, revenue share opportunities and much more.

“eXp Realty is here to help you boost your business with financial incentives while transitioning to our ecosystem,” explained Michael Valdes, Chief Growth Officer, eXp Realty. “Our aligned compensation model, where agents are rewarded for both production and contributions to eXp’s growth, brings more value than ever before.”

Leo Pareja, eXp Realty Chief Strategy Officer, continued, “We are always challenging the status quo, especially when it comes to how we support our agents. Our commitment to providing our agents and brokers with a unique and empowering cloud-based platform has been central to our continued growth. We continue to experience a shift in the market and our goal is to grow together with independent teams and brokerages interested in joining us.”

Qualifying Criteria

• As part of this program, eXp Realty will provide financial incentives to independent teams and brokerages that are culturally aligned, have more than 50 agents and a minimum of $100 million (US/CAN) in sales volume in the originating country over the previous 12-month fiscal period. International qualifications to be released. Additional qualifications apply.
• Cannot be affiliated with any non-independent franchise.
• Must be culturally aligned with and committed to adhering to the eXp Realty model.
• Must be invested in their continued growth with eXp Realty.
• Must participate in the eXp Realty revenue share and agent equity programs.
• Must agree to incentive and retention terms and timelines.

eXp Realty reserves the right, in its sole discretion, to determine which qualifying independent teams and brokerages and the financial incentives that it will select and approve.

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 largest independent real estate company in the world with more than 88,000 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, New Zealand, Chile, Poland and Dubai 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. 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:
Jennifer Zimmerman
eXp World Holdings, Inc.
mediarelations@expworldholdings.com

Investor Relations Contact:
Denise Garcia, Managing Partner
Hayflower Partners
investors@expworldholdings.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/996ce0d5-853c-4dab-b8e9-45df783bc7dc

GlobeNewswire Distribution ID 8867711

eXp Realty Accelerates Agent Rewards by Reducing Revenue Share Criteria

Brokerage lowers FLQA threshold for first time in company history

BELLINGHAM, Wash., June 30, 2023 (GLOBE NEWSWIRE) — eXp Realty®, “the most agent-centric real estate brokerage on the planet” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced that for the first time, it is refining revenue share criteria for its agents.

eXp Realty is reducing its current Frontline Qualifying Agent (FLQA) tier 7 threshold from 40 to 30 FLQA. Revenue share is one part of eXp Realty’s aligned compensation model, which also includes competitive commissions and stock equity programs designed to enable its agents to build for their future.

“At a time when other companies are increasing their rev share thresholds or imposing new fees, eXp Realty is the only brokerage lowering revenue share criteria for agents, fueling exponential opportunities for them to build their legacies,” said Glenn Sanford, founder and CEO of eXp Realty. “Revenue share is an important income opportunity for agents, so this change is a testament to the singular agent-centric focus we were built on. We believe in our aligned compensation model, which was created to reward agents for both production and contributions to eXp Realty’s growth.”

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 largest independent real estate company in the world with more than 88,000 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, New Zealand, Chile, Poland and Dubai 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. 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:
Jennifer Zimmerman
eXp World Holdings, Inc.
mediarelations@expworldholdings.com

Investor Relations Contact:
Denise Garcia, Managing Partner
Hayflower Partners
investors@expworldholdings.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/00021513-2b3e-4d63-985f-87bc748d9bf4

GlobeNewswire Distribution ID 8867699

Luiss University global fellowship

Massimo Ciociola, Founder and CEO of Musixmatch, Alberto Dalmasso, Founder and CEO of Satispay, Ibrahim al-Koni, Libyan writer, and Jhumpa Lahiri, Pulitzer Prize winner for fiction, have been awarded the Luiss Global Fellowship. The prestigious recognition, now in its second edition, is conferred by the University to personalities who have distinguished themselves internationally in cultural, artistic, economic, social, or technical-scientific fields. Opening the award ceremony at the Viale Romania campus was Director General Giovanni Lo Storto, who then gave the floor to Rector Andrea Prencipe.

The Luiss Global Fellowship – stated Prencipe – celebrates the career paths of individuals who have distinguished themselves through commitment and achievements in various fields. The Global Fellows serve as models and reference points for their ability to navigate the present and build the future, following innovative, diverse, and interconnected perspectives. The 2023 edition of the Luiss Global Fellowship celebrates the creativity of two internationally renowned entrepreneurs and two writers: while Ciociola and Dalmasso have explored and seized opportunities offered by digital technologies, al-Koni and Lahiri have opened new perspectives on the theme of cultural identity. The intersection of business and literature strengthens the identity of Luiss as a place of encounter and dialogue between cultures, perspectives, domains, and disciplines,” added the Rector.

“The Luiss Global Fellowship represents a unique opportunity for students and the university community to interact with true global exemplars, benefiting from their experience and knowledge and contributing to high-quality academic education and the enrichment of future perspectives.”
The motivations behind the recognition are related to the ideas and projects of the four Fellows: Massimo Ciociola has revolutionized the global landscape of music sharing by creating the largest digital library of song lyrics; Alberto Dalmasso has transformed the daily lives of millions of people by creating an independent European digital payment network that is separate from debit and credit cards; Ibrahim al-Koni, an international writer, has brought contemporary Arab literature to a global audience, sharing culture and narratives from desert communities; Jhumpa Lahiri has adopted Italian, which was not her mother tongue, creating stories that address the themes of immigration and cultural transformations, describing the process of hybridization of traditional models from countries of origin with the realities of new host contexts.

Attachments

• Luiss University global fellowship
• global fellowship Luiss University
• Andrea Prencipe Rector Luiss University

GlobeNewswire Distribution ID 1000827922

Verifone unveils new brand and enterprise website to exemplify its class-leading payments platform offering

After rebuilding its entire offering and company culture under new leadership, the refreshed brand identity matches the innovation and passion of a new Verifone. Consumer recognition and trust in the Verifone name needed to be preserved while simultaneously highlighting Verifone’s heightened digital focus, future-first approach and leading position in the marketplace. The new iconography conveys the connected, modular and evolving nature of payments in modern life, and it shows the architectural role Verifone plays in payments and commerce. All of this comes together on Verifone’s new global website where consumers, merchants and other stakeholders are introduced to a new, more user-friendly Verifone experience. The new brand is extensible across business units and around the world.

With half a trillion dollars in transactions traversing its cloud via payment devices or Verifone-powered websites and apps, Verifone truly enables global commerce. Verifone stands out in the payments space where most businesses still piece together fragmented offerings from multiple providers to address complex customer needs. Verifone is the single provider with a comprehensive, flexible toolset that streamlines and reduces costs for any enterprise to accept payments.

“The world of commerce evolves constantly, and it is this dynamic environment that we’ve simplified and continue to revolutionize. Verifone started in the Fintech space over four decades ago, rapidly evolving our service offerings to meet the needs of all large and small businesses,” said Mike Pulli, Verifone CEO. “We are the critical commerce partner for businesses worldwide, offering solutions with a futureproof architecture. Our new brand matches our digital-first thinking, employee-focused mindset, and accelerated innovation. Our customers, and their customers, rely on Verifone every day.”

Verifone has focused intensely on new, innovative payment capabilities and features in recent years, significantly expanding the solution stack and enabling new markets. The company’s commerce expertise means its solutions can easily be adapted across nearly every vertical. From complex, global, omni-commerce retailers to a local vendor at a farmers’ market, Verifone futureproofs payment ecosystems and tech stacks.

To experience Verifone’s new identity, watch the introduction video https://vimeo.com/verifone/newbrandlaunch and visit the new corporate global website at https://www.verifone.com/en/global. New country-specific websites will go live in the coming weeks and months.

About Verifone

Verifone is the payments architect shaping ecosystems for online and in-person commerce experiences, including everything businesses need – from secure payment devices to eCommerce tools, acquiring services, advanced business insights, and much more. As a global FinTech leader, Verifone powers omni-commerce growth for companies in over 165 countries and is trusted by the world’s best-known brands, small businesses, and major financial institutions. The Verifone platform is built on a four-decade history of innovation and uncompromised security, annually managing more than 12B transactions worth over $500B on physical and digital channels.

Verifone Media Contact:
Email: Press@Verifone.com

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/e7b9f429-f5f1-4860-b995-5062fdf2a9ef

https://www.globenewswire.com/NewsRoom/AttachmentNg/fd30d469-60f2-47dd-b38d-3ad8691781c7

https://www.globenewswire.com/NewsRoom/AttachmentNg/41c98491-40b2-4ec3-ac59-94d7cacf78cd

GlobeNewswire Distribution ID 8867578