Featured Companies
Sharc Energy, Corporate Profile, Summary
Sharc International Systems, Corporate Profile
CSE: SHRC FSE: IWIA OTCQB: INTWF
Sharc is a Global leader in Thermal Heat Recovery with offices in North America & Europe, and operations in Asia and Australia. The Founders of Sharc spent almost a decade and millions of dollars in R&D to develop a unique technology and highly efficient heat recovery system. Sharc system captures heat that’s literally going down the drain. Sharc’s patented system converts the recovered heat in to pure, fresh heat that could cut down your gas/electric bill by up to 30% or more!
The genius of the Sharc system is its proprietary design that seamlessly integrates with all new and existing HVAC systems, therefore, Sharc system can be installed in a brand new building or could be easily retrofitted in older, even historic buildings.
Excellent Design, Sustainable Development
The brand new, state of the art, $60 million dollar Washington Water & Sewage Authority building in Washington, DC., designed and custom built by two highly acclaimed, globally renowned companies (SmithGroupJJR of USA andSkanskaof Sweden). The new Building will be LEED Platinum Class A, incorporating every state-of-the-art environmentally sustainable feature used in modern construction. Alternative energy will be supplied by an innovative thermal heat recovery system from Sharc.
The building is slated to open in the next few months, and it will be the most energy efficient, and lowest carbon emitting building in North America.Sharc is honored and tremendously proud for being selected by the extremely sophisticated Washington Water & Sewage Authority and the two highly regarded companies, globally renowned for their futuristic, environment friendly, design and construction. Sharc intends to work with these two great companies in the future along with other industry leaders, private and public organization worldwide.
Leadership
• SHARC ENERGY PRESIDENT & CEO LYNN MUELLER served as President of Water Furnace Canada and Water Furnace International in the 1990s
• Water Furnace manufactures and sells geothermal systems for homes
• WFI went from $0.30 per share to a takeover price of $30.60 at a $378 million market cap
• After noticing the tremendous amount of energy in hot water that is wasted and sent down the drain every day, Lynn Mueller used his 25 years of experiencein the heat-exchange industry to cofound SHARCInternational Systems Inc. with Daryle Anderson
• Today, the Company has a wholly owned UK subsidiary,
SHARC Energy Systems, and a distribution network across Canada, the United States, U.K., Australia, andChina
Strategic Partners/Customers
Compelling Business Drivers
Uniquely positioned to capitalize on regulation driven demand
REGULATORY COMPLIANCE; E.G.:
• Zero Emission Building Plan 2018, LEED® Gold mandate, Vancouver, BC.
• Energy Efficiency Standards for Residential and Nonresidential Buildings, California, USA.
• Incentives
• Renewable Heat Incentive (RHI), UK.
• Demand for multifamily construction projects
• Population density + rising home prices
• Increasing global demand for energy and water
• World energy consumption will grow by 48% between 2012-2040 (IEO2016)
• Award-winning tech with a typical payback of 4 years, exceeding competing technologies
Business Segments & Revenue Streams
Revenue Mix Provides Strong Base for Consisting Growth
Original Equipment Manufacturer
• Manufacturing margins
• SHARC and PIRANHA Manufactured and Assembled in North America
System Sales & Project Development
• Sales, consulting & service revenue
• SHARC requires quarterly service & maintenance
• PIRANHA requires bi-annual service & maintenance
Energy Sales From Owned Projects
• Long-term recurring revenue from heat purchasing agreements
• Contracts in the U.K. enter a 20- year heat purchasing agreement with SHARC Energy Systems
• Clients will purchase heat from SHARC at discount to gas prices
• Provides immediate paybacks to users with reduced operational costs and no upfront Capital expenditure
Licensing
• Royalties; long-term recurring revenue
Financial Highlights
Revenue guidance of $20 million from installations over the next two years.
UK
• Strategic alliance with Scottish Water Horizons Ltd., a public water utility owned by the Scottish Government.
• Secured projects for five locations across Scotland for approx.. CAD $17.3 million in installations.
• Recurring revenue through 20-year heat purchase agreement for five sites.
USA
• Joint Venture in California
• Signed in November 2016; Production expected Q1 2018
Canada
• Working with BC Hydro to implement SHARC systems in educational institutes
• Planning stages for district heating opportunities in Richmond, BC; Ottawa, ON; CHICAGO (US); LA (US).
Australia
• Distribution agreement with Environmental Technology Solutions (ETS).
• Several sites identified for SHARC and PIRANHA systems are in planning stages.
Management
Lynn Mueller - CEO & Chairman
Mr. Mueller is the co-founder and Chief Executive Officer of SHARC International Systems Inc. Mr. Mueller has over 25 years of experience in geothermal heat pump sales. He has served as president of WaterFurnace Canada and WaterFurnace International and founded Pacific Geo-Exchange Inc. and Earth Source Energy Inc. Over his career, Mr. Mueller pioneered many innovative approaches to geothermal installation.
David Alexander - CFO
Mr. Alexander’s past achievements include his role as the CFO of Arakis Energy Corporation, an international oil and gas development company, where he managed the company’s growth from start-ups to over a billion dollars in assets, leading to a listing on the NASDAQ market. Arakis was subsequently sold to Talisman Energy. David was also CFO of Laminco Resources Ltd. (name changed to Zaruma Resources Ltd.)., a Vancouver based copper/gold exploration company with properties located near Hermosillo, Mexico. While CFO of Laminco, Mr.Alexander assisted in the raising of over $20 million.
Russell Burton - COO
A chartered surveyor with a 30-year career in real estate management leading the client-side agenda for several FTSE 100 businesses, Russ’s career has focused on managing income growth through asset and corporate acquisition activity, Capex and the progressive delivery of efficiency in the OPEX program. Following a successful 15 years as Director of Property for Enterprise Inns PLC, Russ realized his ambition to start a renewable energy business, supporting property owning clients to recognize the value of their energy consumption as a lever to support investment into renewable energy schemes.
In 2014 Russ met Lynn Mueller and formed the UK operation of SHARC Energy, with the intention of developing a Design, Build, Operate and Finance service that delivered energy savings to clients, whilst retaining long term income and asset ownership opportunities to the company.
Richard Mort - UK FD & Group Head of Finance
Richard is a chartered accountant with a career in the engineering contracting & water utilities sector where he has held several senior financial positions and was heavily involved in the development and delivery of PPP/PFI/DBFO projects in the water, wastewater and renewable energy sectors.
Working with United Utilities Richard held the role of CFO with Sophia Water on a 2-year contract supporting the development of water infrastructure in the Sophia region of Bulgaria.
In 2013, following a period with Grant Thornton & Earthtech, Richard invested into researching the opportunities for Sewage Heat Recovery and was introduced to SHARC through his work with Thermowatt.
As the UK Head of Finance, Richard covers the financial and commercial elements within the business and is responsible for contract development, project financing and the day to day accounting functions.
Board of Directors
Lynn Mueller – CEO & Chairman
Mr. Mueller is the co-founder and Chief Executive Officer of SHARC International Systems Inc. Mr. Mueller has over 25 years of experience in geothermal heat pump sales. He has served as president of WaterFurnace Canada and WaterFurnace International and founded Pacific Geo-Exchange Inc. and Earth Source Energy Inc. Over his career, Mr. Mueller pioneered many innovative approaches to geothermal installation.
Daryle Anderson - Director
Daryle Anderson is a co-founder of SHARC International Systems Inc. and brings a wealth of expertise to IWS. Mr. Anderson has over 35 years’ experience in mechanical contracting and new residential/commercial construction. He has received his certificate of qualification in plumbing, heating, gas and sprinkler systems and is the President and Owner of CIR Mechanical Ltd. located in Burnaby BC, for the past 30 years. Mr. Anderson has vast knowledge of plumbing, heating and district energy systems and related installation solutions.
Mike Harcourt – Director
As former premier of British Columbia 1991-96, Mayor of Vancouver and City Councilor, Mike Harcourt helped British Columbia earn its reputation as one of the most livable, accessible and inclusive places in the world. His focus on conservation and sustainable development – and his resolve to contribute to the transformation of cities and communities has played a significant role in promoting quality of life for those in Canada and abroad.
After stepping down from politics, he was appointed by the Prime Minister to serve as a member of the National Round Table on the Environment and Economy, where he served on the Executive Committee and Chaired the Urban Sustainability Program. He was a federally appointed B.C. Treaty Commissioner and was Chair of the Prime Minister’s Advisory Committee for Cities and Communities.
Mike Harcourt is currently Chair of University of British Columbia’s Centre for Interactive Research on Sustainability. In addition he is Chairman of Quality Urban Energy Systems for Tomorrow (QUEST). He is also the lead faculty in United Way’s Public Policy Institute, member of Canada’s ECOFISCAL Commission, and Chair of the Board of Directors of AGE-WELL a national research and training network of university, industry and public sector partners aimed at helping older Canadians to maintain their independence, health and quality of life. (Received Order of Canada 2012.)
Mark McCooey – Director
Mr. McCooey has been the Chief Executive Officer and Chief Financial Officer of SEI Industries for over 25 years. SEI is a world leader in the design, engineering and manufacturing of products from innovative industrial fabrics. Mr. McCooey has an extensive background in the renewable energy sector and has acted as a senior executive and board member for a number of private and public companies in the areas of sustainable development.
Sashko Despotovski – Director
Sashko Despotovski is an active investor and an investment banker. He is a Canadian national living in the Nordics, with over a decade of international experience in the technology and energy sectors. Sashko has held posts within several funds and hedge funds in the investment banking capacity in US and Canadian markets, as well as on the operational side in the upper management and as a director for a number of companies. Sashko until recently was an M&A Director at one of the Big Four, and currently serves a Special Advisor to the firm, working closely with the members of Global Origination team in CEE, focusing on cross border transactions. His specialties are fundraising and fund dissemination. He serves as an advisor to a number of public and private firms.
Head Office
Sharc International Systems
1443 Spitfire Place
Port Coquitlam, BC
Canada V3C 6L4
Phone: (604) 474-7710
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UK Office
Unit 10, Stephenson Court,
Stephenson Way,
Newark, England
NG24 2TQ
Suite 1.17
Red Tree Business Suites
33 Dalmarnock Road
Glasgow, Scotland
G40 4LA
Phone: +44 (0)115 8700021
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DGTW, DigitalTown Indepth Business Profile
DigitalTown, DGTW, Corporate Profile
DigitalTown (DGTW) is a fully reporting publicly traded company currently listed on the OTC Markets. The Company plans to up-list on NASDAQ/NYSE in the near future. The Company is already operating audit, compliance and governance at a mature level as the business ramps.
DigtalTown is a unique Company that partners with city governments and destination marketing organizations to build strong, resilient communities and flourishing local businesses where communities can search, connect and transact locally.
DigitalTown provides cities a highly scalable, cloud-hosted platform that helps cities connect with citizens and local businesses with ease. The DigitalTown platform includes both mobile applications, and a branded city portal that empowers citizens to interact directly with city leaders, local government agencies and businesses.
Act Local. Think Global
DigitalTown changing the landscape one city at a time, helping build smart cities and better governments. City governments eagerly embracing DigitalTown’s vision because it helps cities provide better services quickly and cost effectively. DigitalTown has a unique ability to capture big-data at a very granular level, the unprecedented access to information helping city mayors and administrators plan better cities, better communities and optimize the use of city resources.
Changing Dynamics of Local Commerce
Partnering with DigitalTown helps cities collect taxes and fees efficiently and cost effectively, and helps local businesses sell more products and services to people in their own communities. Research shows that people want to patronize local businesses, unfortunately, they don’t have easy access to buy local. DigitalTown changing the dynamics of local commerce, empowering cities and citizens like never before.
Helping Cities and Citizens
DigitalTown powered city portal helps citizens and businesses pay their utility bills, property and business taxes and buy and sell goods and services without leaving the city portal. The portal acts like town square, bustling with commerce, increasing social interaction and community engagement. The company believes that this will help increase standard of living, reduce crime, increase property value and attract more people and businesses to DigitalTown powered cities.
Highly Scalable, Cloud Based Platform
DigitalTown’s highly scalable, cloud based platform built for highly interconnected, extremely dynamic and mobile friendly cities of the future. Digital Town bringing people together and changing the landscape of cities and towns.
Why Invest in DigitalTown?
DigitalTown is a unique, high growth, extremely scalable SaaS platform, and it has many streams of income. The company generates revenues through licensing fees, software development and integrations fees, payment processing fees, native ads and sponsored content and other sources.
DigitalTown powered city portals are social and commerce hubs where consumers recommend their favorite restaurants & beauty shops, write reviews, discover local events, find doctors, dentists and plumbers. The portal helps both peer-to-peer and consumers-to-business communication, helping consumers connect with each other and to shop local.
DigitalTown provides a one stop shop for all the goods and services from a single platform. DigitalTown helps cities and business process transactions and facilitates safe and secure payments. Research shows that most consumers for personal data security reasons are reluctant to shop on obscure, small store websites, DigitalTown helps alleviate the concerns and encourages people to shop at their favorite local stores.
The company has acquired more than 22,000 of the .CITY domains that map to major population centers around the world. These .CITY portals are both branded destination sites, but are also connected together through a unified SmartWallet single-sign-on that connects all participating cities in a frictionless network.
DigitalTown Growing Rapidly
The company is growing organically and through smart acquisitions. The company acquired and successfully integrated half a dozen companies and looking to acquire more as it continues to grow at a rapid pace.
Cloud.Market: Acquired for 750,000 shares and $7,500 cash. This acquisition gave DigitalTown a platform on both web and mobile. Chris Maxwell, the Founder who was ex-Amazon has led the development of this platform that allowed any city to be its own Amazon. The acquisition gave DigitalTown both a working platform and a talented engineering team. Although integration began in January, 2016, the DigitalTown Board formally approved the acquisition at the March 4, 2016 Board meeting in Mesa, AZ.
Software Masters:Acquired for 150,000 common shares, this acquisition gave DigitalTown a solution for powering the back office of local government. Software Masters’ product, GovSuite, powers the 90,000-person Madison County, Kentucky. This technology has been in commercial use for 6 years and was in the process of being commercialized into a product that could be sold on a multi-tenant basis as Software as a Service (Saas). Through the deal, DigitalTown also secured an excellent portfolio of .CITY domains.
Rezserve:Acquired for 3 million shares and a $400,000 convertible note, with a 1 year term, interest-free. The convertible note is secured only by the equity of Rezserve with no contingency on any other DigitalTown assets. This acquisition gave DigitalTown a fully commercialized solution for powering online travel booking. The technology has been in development since 2003. Rezserve processes in excess of $25 million in annual travel bookings using the Rezserve platform in Whistler, Canada alone.
Appointment.com:Acquired for 1.625 million shares, the acquisition gave DigitalTown a robust and commercialized solution for online appointment booking. The platform powered nearly 1 million calendar bookings per year with nearly 1000 paying customers. The main opportunity from this acquisition is the ability to support any type of service-oriented business with a cloud-based booking solution, i.e. the “Open Table for Everything”, covering a broad range of service provider categories.
Integration of each acquisition has gone very well. There has been no loss of personnel, or impairment of assets. Of the 4 companies, Rezserve and Appointment.com continue to operate as independent brands and have the ability to grow substantial revenues on a stand-alone basis through dramatically accelerated marketing of this mature solution by leveraging DigitalTown’s .CITY website network as a hub for online bookings for lodging and activities. Cloud.Market and Software Masters were technology, intellectual property, and personnel acquisitions.
The Management Team
The DigitalTown team is led by successful technology managers who have a passion for economic development and fostering robust local economies.
Robert W. Monster
CEO & President
Robert joined DigitalTown at CEO in 2015, bringing significant experience with him. Among his many accomplishments, he founded and served as Managing Director of Monster Venture Partners LLC, and founded Global Market Institute (GMI). Prior to founding GMI, he was a global product development manager at Procter & Gamble. Robert earned both a BS and an MBA from Cornell University. He was recognized as Ernst & Young’s 2006 Entrepreneur of the Year. He also authored Market Research in the Internet Age, published by John Wiley and Sons.
Chris Maxwell
Chief Technical Officer
Chris leads DigitalTown’s development team. He’s responsible for engaging with clients to understand their challenges and needs, and delivering customized solutions to meet them. Prior to joining DigitalTown, he founded Cloud.Market, an online marketplace serving local communities. He was a senior technical program manager at Amazon, CTO of Voxeo Labs (acquired by Aspect), and held leadership and technical roles at Tellme (acquired by Microsoft), AT&T, Edify, Intervoice (acquired by Convergys), Verizon and EDS. Chris earned a BA from Baylor University and an MBA from the University of Dallas.
Adee Wada
Vice President, Marketing
Adee leads DigitalTown's marketing efforts. He comes from Microsoft, where he spent eight years serving in their Online Media Business division, most recently as Director of Audience Marketing. Prior to Microsoft, he was the Director of Event Services for the Seattle Mariners, overseeing operations at Safeco Field. He earned a BA from the University of Colorado. Adee enjoys life in Bellevue with his wife and three children.
Ken Cooper
Vice President, Finance
Ken brings years of financial experience to DigitalTown, founding and directing Four Hills Advisors. Prior to Four Hills, he spent 14 years at Life Time Fitness, Inc., serving in many roles, helping them grow from $53 million in revenues to over $1 billion. He led their investor-relations efforts from Life Time’s IPO in 2004 thru 2010. He helped garner over $1 billion in capital for the company, and built their blueprint for strategic decisions for years to come. He also led their Athletic Events & Endurance division, as well as serving in their M&A department.
Ken Jensen
Vice President, Engineering
For 20 years, Ken led Software Masters. Acquired by DigitalTown, the company developed website solutions for communities and local governments. Since coming on board, he has taken primary responsibility for the development of software solutions for local governments.
Faris Oweis
Vice President, Corporate Development
Faris has experience in countless industry verticals from tech to architecture. He’s a storyteller, listener, strategist, rapid learner, and a natural connector of ideas who has secured projects across 8 industries in over 30 countries. Prior to DigitalTown, Faris led large pursuits for CH2M with a focus on mega infrastructure and smart city projects across the Middle East and India. School wise he holds a B.S. in Marketing from Virginia Tech (Go Hokies) and MBA from Auburn (War Eagle).
Clint Skidmore
Vice President, Product Development
Since 2001, Clint has been fuelled by a passion for combining technology and travel into a market-leading software solution for the travel industry. As CEO of Rezserve Technologies Ltd, Clint has brought his vision to life, enriching yet simplifying the user experience of booking lodging and other travel related products. Since coming on board at DigitalTown through the acquisition of Rezserve, Clint has led product development and use his experience and expertise to increase the usability and functionality of DigitalTown with an emphasis on providing intuitive Merchant Solutions that help businesses of all sizes to win locally and compete globally.
Ala Dadan
Vice President, Product Design
With over 14 years of experience in new media design. Ala Dadan leads the design efforts behind the new product features in DigitalTown.comacross their full life cycle — concept, scope, design comps, and prototype support. He started his career in 2001 & during that time he was a member of different design teams in several companies in Jordan - the Middle East and as a consultant for many design firms abroad. Mr. Dadan has also served as Vice President of Design at Epik.comand was the founder of O2 Alternative, a trend-setting design house in Jordan.
Kenneth A. Holloway
Marketing Director
Kenny joined us in March 2016. As Marketing Director, Kenny oversees the knowledge base, training, support and SEO. Prior to DigitalTown, Kenny had spent over a decade at the helm of 360 Media Group. Kenny brings a wide range of experience with media buys, traffic generation, web development and is a published photographer.
Governance
The Company Board of Directors is comprised of 8 Board members, of which 7 are non-executive with strong records of professional success. The Board meets quarterly in person and also has actively engaged committees that are working with the management team.
Please visit the company website at DigitalTown.com to learn how DigitalTown helps local communities to compete and win in the Digital Age. Make your city a - DigitalTown Empowered City - today!
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NXGH, NEXT Group, Corporate Profile
NEXT Group Holdings Inc. | NXGH | Corporate Profile
Next Group Holdings, Inc.(OTCQB: NXGH) is a corporation headquartered in Miami, Florida, which, through its operating subsidiaries, engages in the business of using proprietary technology and certain licensed technology to provide innovative mobile banking, mobility, and telecommunications solutions to underserved, unbanked, and emerging markets. NXGH's principal executive offices are located at 1111 Brickell Avenue, Suite 2200, Miami, Florida 33131, and its telephone number at that location is (800) 611-3622. NXGH's web address is nextgroupholdings.com.
NEXT Group Holdings, Inc. is a leading-edge communications technology company focused on providing innovative mobility and financial solutions for the emerging markets. The company operates primarily through its M&M Telecom, Next CALA, NxtGn and AIM subsidiary holdings.
M&M Telecom
M&M Telecom is a state-of-the-art telecommunications long distance service provider with FCC 214 Authority that operates Next Mobile 360, a mobile virtual network operator (MVNO) and Tel3, a Retail Prepaid Telecom provider. M&M leverages its proprietary technologies as a foundation of an advanced VoIP network, allowing the company to deliver cost-efficient and high-quality long distance services for HD voice and HD video to our customers. For more information on M&M Telecom and Next Mobile 360, please visit www.nextmobile360.com
Tel3 is the retail pin-less prepaid division of M&M Telecom that was recently acquired. Tel3 had over $3 million in revenue in 2015 with 25,000 customers and a database of over 300,000 current and former clients. Currently, Tel3 has 38,000 followers on Facebook and is renewing its social media and advertising programs to the Latino population. Tel3’s Android and iPhone apps enable clients to make long distance calls with just a WiFi or mobile data connection from anywhere in the world.
Tel3’s main Facebook page: https://www.facebook.com/TEL3Social
Tel3’s Cuba promotion page: https://www.facebook.com/llamaACubaPorMenos
Tel3’s Twitter page: https://twitter.com/Tel3Alerts
NxtGn Advanced Technologies
NxtGn has developed with industry leader Cisco Systems, a unique product called AVYDA powered by Telarix, an HD Telepresence platform that has the capability to allow thousands of people to connect simultaneously using their Mobile phones, Tablets and PC devices for collaboration with celebrities, talent, healthcare, and education applications for iOS. AVYDA allows HD video conference participants to connect with up to thousands of live participants per session border control (SBC). For more information on NxtGn, please visit www.nxtgn.net Read more about NxtGn with Cisco here: http://blogs.cisco.com/sp/cisco-helps-nxtgn-and-telarix-deliver-ipv6-enabled-video-solution
AIM Accent Intermedia
AIM is a Program Manager and fulfillment provider for many prepaid gift and open and closed loop cards. Some of the customers of AIM are: Harley Davidson, Applebee’s , AMC Theaters, Hooters and more. AIM also manages a General Purpose Reloadable (GPR) debit card. AIM’s website ishttp://www.accentintermedia.com/
NEXTCALA Reloadable General Purpose VISA® Card and Mobile Apps
Next Group Holdings, Inc. (OTCQB: NXGH) released its NEXTCALA mobile applications for both Android and iOS, through its subsidiary NEXTCALA, Inc.
InsightPOS
A Whole New Revenue Stream
NXGH, through its subsidiary Meimoun & Mammon, LLC and its marketing brand, Tel3, has begun the rollout, sale and installation of its State of the Art, "Super Functional” Point Of Sale - POS/Cash Register that has received great attention due to its sleek, modern, efficient design and amazing combination of interactive tools that make the retail experience friendlier, quicker and better both for the shopper and for store management. The system can currently manage sale and inventory of hard goods, food, fuels, long distance telephone service, cellular “TopUps” (US & International) and Bill Pay for utilities. Within the next 90 days, the system should be enabled for US & International Money Transfers, Rewards Programs, General Purpose Reload Debit cards (VISA®, Mastercard®), Digital gift cards and other financial products. The Company’s aggressive program to install the POS/Cash register systems in qualifying stores and through vertical markets has been well received. The Company’s strong Financial Technology, Telecom and Mobility assets will play a major role in the development and deployment of our strategies. For more information, visit the website www.pos.nxtgn.net
Source: The Company, OxBridge Research, Daily Stock Deal, OTC King, OTC Stock Wire
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eXp World Holdings, EXPI, Company Profile
eXp World Holdings, EXPI, Profile
eXp World Holdings, Inc. is the holding company for a number of companies most notably eXp Realty LLC, the Agent-Owned Cloud Brokerage® as a full-service real estate brokerage providing 24/7 access to collaborative tools, training, and socialization for real estate brokers and agents through its 3-D, fully-immersive, cloud office environment. eXp Realty, LLC and eXp Realty of Canada, Inc. also feature an aggressive revenue sharing program that pays agents a percentage of gross commission income earned by fellow real estate professionals who they attract into the Company. As a publicly-traded company, eXp World Holdings, offers professionals within its ranks opportunities to earn equity awards for production and contributions to overall company growth.
The home buying and selling process remains unfamiliar and often times emotional for most consumers. Consumers still depend on agents to help navigate the process, give insight into and lend a comparative perspective on properties, provide local market expertise, and negotiate and advocate on their behalf. Because of the magnitude of the buying or selling decision, the size of the asset that underlies that decision, and the emotional responses it frequently triggers, the vast majority of consumers will continue to rely upon agents and brokers for the foreseeable future.
With the emergence of the internet as the most powerful property marketing and advertising medium and the growing independence it has instilled in the consumer, the utility of the brick and mortar office location continues to diminish. Increasing numbers of consumers have little use for, and even less interest in visiting, a traditional real estate office. As a natural and inevitable consequence, substantial and growing numbers of real estate professionals are exiting traditional brokerage models, providing further evidence of the decline of the brick and mortar office.
Consumers leverage eXp’s internet marketing and cloud technology to find, buy or sell homes without a brick and mortar office. And finally, millions of Americans understand the benefits of technology and decreasing reliance on the traditional office. Despite these trends most traditional brokerages continue to allocate significant resources to physical locations.
As a cloud-based real estate brokerage eXp Realty has embraced and adopted a number of cloud-based technologies in order to grow an international brokerage without the burden of physical bricks and mortar and/or redundant staffing costs.
The Company has been engaged in the marketing and sale of residential real estate with the goal of being the first truly agent-owned, 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.
Source: The Company, OxBridge Research, Daily Stock Deal, OTC King, OTC Stock Wire
Don't miss the NEXT premium Alert! Sign-up, Get Alerts, MakeMoney!® Disclaimer/Disclosure: we received or expecting compensation from the featured company. Our firm, principals and staff may own/buy/sell/trade stock/securities of this company. Always Read the full Disclosure/Disclaimer. Thanks. If you want to learn more or get your company featured on Daily Stock Deal, please contact the Editor. editor [@] DailyStockDeals.com