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
[email protected]

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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: [email protected]

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

GlobeNewswire Distribution ID 1000933134

Info Minister, Sindh Governor discuss political situation, development projects


Minister for Information and Broadcasting Attaullah Tarar met with Sindh Governor Kamran Khan Tessori in Karachi today.

Matters pertaining to the overall political situation of the country, development projects of the federal government in Karachi and problems of the industrialists came under discussion during the meeting.

Speaking on the occasion, Information Minister said the Sindh Governor’s IT program is a commendable initiative and this will not only help the youth but also improve the economy of the country.

Source: Radio Pakistan

Massive Ocean Discovered 700 km Below Earth’s Surface


Several remarkable scientific discoveries have recently captured global attention. Adding to this array of staggering revelations is the recent buzz on social media surrounding a massive ocean concealed beneath the Earth’s crust. This subterranean water reservoir, stored approximately 700 kilometers below the Earth’s surface within a rock called ringwoodite, boasts a volume three times that of all the planet’s surface oceans combined.

Detailed findings of this discovery were presented in a 2014 scientific paper titled ‘Dehydration melting at the top of the lower mantle’, which also elucidated the unique properties of ringwoodite. Geophysicist Steve Jacobsen, a prominent member of the discovery team, described ringwoodite as akin to a sponge, capable of absorbing water due to its special crystal structure.

Jacobsen remarked, ‘I think we are finally seeing evidence for a whole-Earth water cycle, which may help explain the vast amount of liquid water on the surface of our habitable planet. Scientists have bee
n looking for this missing deep water for decades.’

This groundbreaking revelation stemmed from researchers’ study of earthquakes, during which they observed seismic shockwaves beneath the Earth’s surface using seismometers.

Elaborating on their findings, the scientists stated, ‘The high water storage capacity of minerals in Earth’s mantle transition zone (410- to 660-kilometer depth) implies the possibility of a deep H2O reservoir, which could cause dehydration melting of vertically flowing mantle. We examined the effects of downwelling from the transition zone into the lower mantle with high-pressure laboratory experiments, numerical modeling, and seismic P-to-S conversions.’

Additionally, they discovered intergranular melt in the transition zone, suggesting hydration of a significant portion of the transition zone and indicating that dehydration melting might play a role in trapping water in this zone.

Armed with this groundbreaking revelation, researchers aim to gather additional seismic data globally
to confirm the prevalence of mantle melting. Their findings hold the potential to revolutionize our understanding of Earth’s water cycle, offering fresh insights into one of the planet’s fundamental processes.

Source: Pro Pakistani

China’s electric vehicle company expresses interest to invest in Pakistan


China’s largest electric vehicle company BYD along with its local partner Mega Conglomerate private limited has expressed interest in investing in Pakistan to manufacture advanced electric vehicles.

This comes at a time when Pakistan is taking steps to reduce its carbon footprint and adopt more energy efficient means of transportation for a cleaner air.

This initiative will make green products more accessible to Pakistani consumers as well as take Pakistan’s auto industry on the path of growth.

BYD will manufacture electric vehicles locally in Pakistan, which will enable Pakistan to export Right Hand Drive (RHD) vehicles.

BYD’s investment is a major testament to the Special Investment Facilitation Council’s drive to attract foreign investment.

Source: Radio Pakistan

CM Punjab Announces Schools for Transgender Children


Chief Minister Punjab Maryam Nawaz Sharif has announced plans to establish schools for transgender children at the divisional level across the province.

During a meeting in Lahore today to review school education reforms, she also directed the establishment of a Standardized Matriculation Exam Board and Punjab School Inspectorate.

During the meeting, she thoroughly reviewed the proposal to centralize all matters of school education under a single governing body.

The proposed authority will be responsible for various aspects of Punjab’s education system, including teacher and curriculum development, school improvement, teacher training, curriculum development, testing and assessment, and ensuring learning outcomes.

She emphasized the importance of character development programs in government schools. Furthermore, CM Punjab also highlighted the need for special education facilities to be provided in one government school in each district.

During the meeting, Maryam Nawaz expressed her displeasure over the
delay in the delivery of books to schools. Educational authorities informed her that 41% of textbooks have been supplied, assuring her that the remaining books would be delivered by May.

Moreover, they assured that textbooks for the next academic year would be provided by February.

Source: Pro Pakistani

UK desires to promote ties with Pakistan in various fields


Interior Minister Mohsin Naqvi has emphasized the formulation of a common strategy to cope with terrorism, which is an international phenomenon.

Talking to the British high commissioner Jane Marriott in Islamabad today, he said Pakistan is the only country which has made immense sacrifices in the war on terrorism. He said Pakistan Army and security agencies have created a story of courage and bravery in this war. He said the terrorists will not be allowed to disturb law and order situation.

The Interior Minister said Pakistan attaches great importance to its long standing ties with Britain. He said the role of the Pakistani community in Britain in the development of both countries is commendable. He stressed the need for exchange of delegations for promotion of bilateral relations.

The Interior Minister said all possible steps are being taken to prevent human trafficking.

The two sides agreed to enhance cooperation in diverse fields.

They also discussed cricket series between Pakistan and England.

The
British High Commissioner expressed desire to promote cooperation with Pakistan in various fields.

Source: Radio Pakistan

Authorities Trace Origin of Threatening Letters to Judges


According to media reports, the threatening letters sent to Lahore High Court (LHC) judges have been traced back to Islamabad.

The Punjab Counter Terrorism Department (CTD) swiftly coordinated with its Islamabad counterpart, seeking collaboration for further investigation.

As per recent findings, the envelopes containing the suspicious substance, sent to judges of the Lahore High Court, originated from the post office situated in Sector-I 10/4 of Islamabad.

Furthermore, Satellite Town, a prominent locality opposite to the origin of the letters, played a crucial role in this concerning incident. Earlier today, Lahore High Court (LHC) judge Justice Baqar Ali Najafi also received a threatening letter.

According to the details, upon receiving the suspicious letter, the staff of LHC immediately contacted the police, who then handed it over to the CTD.

Previously, LHC Chief Justice Shahzad Malik Ahmed also received a threatening letter containing ‘suspicious powder.’

Reports stated that initially, the LHC st
aff received the letter addressed to the CJ but dismissed it as a ‘routine’ letter. However, upon opening the envelope, it was discovered that the letter also contained suspicious powder.

Source: Pro Pakistani