eXp Realty Names Leo Pareja as CEO to Drive Next Era of Growth and Innovation

Founder Glenn Sanford remains as Chairman and CEO of eXp World Holdings to Drive Overall Company Performance

eXp Realty Names Leo Pareja as CEO to Drive Next Era of Growth and Innovation

Founder Glenn Sanford remains as Chairman and CEO of eXp World Holdings to Drive Overall Company Performance

BELLINGHAM, Wash., April 05, 2024 (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 the appointment of Leo Pareja as its new Chief Executive Officer (CEO), effective immediately. He succeeds Glenn Sanford, who will now fully dedicate his efforts to his position as Founder, Chairman, and CEO of eXp World Holdings.

In his previous role as Chief Strategy Officer, Pareja was instrumental in solidifying eXp Realty’s standing in the competitive real estate marketplace. His visionary leadership and remarkable track record has greatly enriched the company’s value proposition to its agents. For example the successful launches of strategic initiatives like eXp ExclusivesRevenos and significant enhancements to eXp Solutions.

“Leo’s innovative and recognized industry leadership has elevated our agent-value proposition by reshaping referrals and lead-generation,” said Sanford. “His deep industry experience and influence on our community have been profound, and I trust that under his direction, eXp Realty will further fortify its competitive advantage and deliver unparalleled value to our agents, further cementing our position as a ground-breaking leader in the real estate industry.”
The announcement comes as eXp Realty is recognized in the top spot in five categories on the coveted RealTrends 500 report: Transaction Sides, 5 Year Top Movers (Sides), 5 Year Top Movers (Volume), Best Brokerages and Public Independent. The company also moved up to No. 3 in two categories: Volume and Billionaires’ Club. The company continues to prove its model as it gains market share, welcoming the best agents in the industry.

“As we step into this new chapter at eXp Realty, I am honored to lead a company that has always placed innovation and agent success at the forefront of its mission,” said Pareja. “Together, we will not only continue to redefine the real estate landscape through technology and unparalleled agent support but also empower every member of our community to achieve their full potential.”

Having joined eXp Realty in 2022, Pareja brings over two decades of real estate experience, highlighted by numerous accolades including recognition in RealTrends’ The Thousand report, topping the National Association of Hispanic Real Estate Professionals’ (NAHREP) Top 250 list, and being named a 30 under 30 agent by Realtor® Magazine. His entrepreneurial spirit is evidenced by his co-founding of one of the largest private lending companies on the U.S. East Coast and a rapidly growing MLS technology vendor. He has also played significant roles in the National Association of Hispanic Real Estate Professionals, serving as the founding president of the Metro D.C. chapter and later as the national president.

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 85,000 agents in the United States, Canada, the United Kingdom, Australia, France, India, Mexico, Portugal, South Africa, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, the 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 an innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by Virbela and Frame technologies, offering immersive 3D platforms that are 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.

Media Relations Contact:
eXp World Holdings, Inc.
mediarelations@expworldholdings.com

Investor Relations Contact:
Denise Garcia
investors@expworldholdings.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c0430659-d8bc-480b-8eeb-02408802c697

GlobeNewswire Distribution ID 9085114

Estonia’s First Pumped-Hydro Energy Storage Project Zero Terrain partners with the Estonian government and receives a grant of €1,9M

Zero Terrain

Estonia’s First Pumped-Hydro Energy Storage Project Zero Terrain

TALLINN, Estonia, April 04, 2024 (GLOBE NEWSWIRE) — The Estonian Ministry of Climate signs the Memorandum of Understanding (MoU) with energy company Zero Terrain to help Estonia achieve its 100% renewable energy goal by 2030. With this cooperation, Zero Terrain is collaborating closely with the government to devise solutions to enable the realisation of the pumped-hydro energy storage (PHS) project in Estonia, including supporting securing capital and addressing market challenges.

Additionally, Zero Terrain receives a grant of €1.98M from the state’s applied research programme to support Zero Terrain project development in Estonia and technology export.

The Zero Terrain Paldiski 500MW underground long-duration energy storage plant is a significant advancement of the conventional PHS technology, making it possible to build anywhere, even on flat land.

Zero Terrain Paldiski represents a notable milestone in the country’s energy system. Paldiski Pumped Hydro Energy Storage plant is an EU Project of Common Interest (PCI project). It is the only greenfield pumped hydro energy storage project in the Northern Baltic region and will also be the largest facility in the country.

“Signing the MoU is a significant step forward in Zero Terrain’s journey towards a clean and secure energy future. We believe there can’t be a renewable energy-driven energy system without large-scale, long-duration energy storage. This collaboration signifies the cooperation and a commitment to driving positive change in the Estonian renewable energy landscape,“ says Peep Siitam, the Founder and CEO of Zero Terrain.

Estonia´s first long-duration energy storage project, Zero Terrain Paldiski, obtained the main building permits in December 2022. Construction of the country’s first pumped-hydro storage plant will begin in 2025. During the nominal operating cycle of 12 hours, Zero Terrain Paldiski generates 6GWh of power to the grid, which is somewhat more than the average daily consumption of all Estonian households.

Zero Terrain also receives a grant of 1.98M€ from the state’s applied research programme. According to Siitam, the grant will be used to develop Zero Terrain modular design, start development activities in other countries, and involve new investors in Zero Terrain Paldiski, Estonia.

“Zero Terrain is developing large-scale energy storage technology, enabling Estonia and other countries to switch to renewable energy more widely with such significant advancement of the conventional PHS technology,” says Arbo Reino, an energy expert of the Estonian Business and Innovation Agency.

“The global need for long-duration energy storage (LDES) capacity is undeniable. 85–120 TWh-hours of LDES is needed globally by 2040 (McKinsey, 2021), so the interest in our technology and project is high, especially in regions where the traditional PHS was impossible to implement due to geographical limitation,” explains  Siitam.

ZeroTerrain

Zero Terrain is jointly owned by the Estonian energy company AS Alexela, Baltic-Polish renewable energy company Sunly AS, Vool OÜ, Combiwood Grupp OÜ, Warmeston OÜ, and Ronnivara OÜ.

For media inquiries and more information, please contact: Hedwig.Meidra@zeroterrain.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2cbd052e-529e-4878-b248-52bed8e1134f

GlobeNewswire Distribution ID 1000933134

Army chief visits King Abdullah II Special Operations Training Center


Amman: Chairman of the Joint Chiefs of Staff, Maj. Gen. Yousef Huneiti, yesterday, visited King Abdullah II Special Operations Training Center (KASOTC).

Huneiti listened to a briefing given by the Center’s Director regarding the tasks and duties that the Center performs as well as its future goals of creating training plans in the field of special operations.

He was briefed on the most significant modifications that occurred in the center’s training fields and infrastructure, which support the development of special operations and counter-terrorism training.

Huneiti praised the distinguished level of preparation and readiness that the center had achieved, expressing his admiration for the distinguished level and professionalism enjoyed by the center’s members.

Notably, the King Abdullah II Center was established in 2009 by Royal Decree with the objective of offering the most recent tactical expertise and training techniques while utilizing cutting-edge technology in the domains of special operations and c
ounter-terrorism.

Source: Jordan News Agency

120k worshipers perform Ramadan’s last Friday prayer at Al-Aqsa


Occupied Jerusalem: Despite Israeli restrictions, about 120,000 worshipers performed Ramadan’s last Friday prayer at Al-Aqsa Mosqu in the occupied city of Jerusalem, according to the Islamic Awqaf Department.

In a statement, the Islamic Awqaf Department said that the occupation forces had turned back dozens of elderly people who were going to Al-Aqsa Mosque at the military checkpoint north of Bethlehem and the Qalandiya checkpoint north of Jerusalem.

Source: Jordan News Agency

Israeli strikes destroyed 62% of Gaza’s residential buildings – UN report


Amman: More than 60 percent of the homes in the besieged strip are either damaged or destroyed as a result of Israel’s ongoing bombardment on Gaza, according to the UN agency for Palestinian refugees.

According to a joint Interim Damage Assessment summary released by the UN, World Bank, and European Union, “the ongoing conflict has damaged or destroyed approximately 62 percent of all homes in Gaza,” the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) stated on Thursday.

Source: Jordan News Agency

200k perform Isha, Tarawih prayers at Al-Aqsa Mosque


Amman: Despite the limitations imposed by the Israeli occupation, over 200,000 worshipers performed the Isha and Tarawih prayers at Al-Aqsa Mosque in the occupied city of Jerusalem.

In the occupied city of Jerusalem, the Israeli occupation police bolstered their forces and stationed over 3,000 police officers around the Old City and Al-Aqsa Mosque.

Source: Jordan News Agency