eXp Realty International Corporation Completes Merger
BELLINGHAM, Wash.--(BUSINESS WIRE)--eXp Realty International Corporation (OTCBB: DSETD), formerly known as Desert Canadian Ltd., is pleased to announce that it has completed its merger with eXp Realty International, Inc. and is now the parent company of eXp Realty International, Inc. The details of the transaction have been documented in the recently-filed SEC FORM 8K and are available on the company’s website http://investors.exprealty.com/.
“In addition, we’re now able to provide an equity option for like-minded brokerage-owners to increase or solidify their existing cash flow from their agent base, while enhancing their technology offerings and at the same time reduce, if not totally eliminate, their need for financing growth.”
“As a result of this transaction, we hope to provide real ownership opportunities for our community of agents, brokers and staff,” said eXp Realty CEO, Glenn Sanford. “In addition, we’re now able to provide an equity option for like-minded brokerage-owners to increase or solidify their existing cash flow from their agent base, while enhancing their technology offerings and at the same time reduce, if not totally eliminate, their need for financing growth.”
eXp Realty started four years ago to create a world-class, cutting-edge network of agents and brokers, one that now spans 29 US states as well as Ontario, Canada. Utilizing a 3D, fully-immersive, cloud office environment and other collaborative tools, eXp Realty agents and brokers are not tied to physical or geographic boundaries. “Today, we’re now able to attract, engage with, and integrate talent in ways that were previously not possible,” said Sanford.
*For live updates on eXp Realty International developments, tune in to the company leadership meetings broadcast live most Fridays at 8:00am PT/11:00am ET via the eXp Livestream channel at http://exprealty.com/live/.
About eXp Realty International Corporation
From its inception, eXp Realty has been engaged in the marketing and sale of residential real estate with the goal of being the first truly cloud-based, full-service, global real estate brokerage company delivering around-the-clock access to collaborative tools and professional development for managing real estate brokers and agents. The business model was created in order to increase brokers’ and agents’ listings and sales and reduce their overhead and capital requirements. For more information, visit: www.exprealty.com.
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.