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
About
MissionIR
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
