Ideanomics (NASDAQ: IDEX) has announced that Timios Holdings Corp.’s retail purchasing services in California will be expanding; Timios has signed leases in three cities: Santa Clarita, Lancaster and Ventura. The three cities together have approximately half a million residents. The three-city expansion is part of the company’s strategic growth plan to position itself in and serve the U.S.’s robust housing market. The third largest city by population in Los Angeles County, Santa Clarita is a fast-growing community with growing housing numbers, housing starts and home upgrade opportunities. Located in the Antelope Valley, Lancaster has also seen significant growth. And Ventura, which is located in Ventura County, is an older, established community with a strong housing market. The mission of Timios is simple: to provide an unparalleled real estate transaction experience for buyers, sellers and professionals. “This retail purchasing business expansion is part of Timios’ larger strategic growth plan,” said Timios CEO Raymond Davison in the press release. “With more companies offering the option to work remote, we believe housing activity will continue to be strong; Timios will continue to strengthen is service offerings to address the changing needs of the housing market.”
To view the full press release, visit https://ibn.fm/L8o4g
Ideanomics is a global company focused on the convergence of financial services and industries experiencing technological disruption. The company’s Mobile Energy Global (“MEG”) division is a service provider that facilitates the adoption of electric vehicles by commercial fleet operators through offering vehicle procurement, finance and leasing, and energy-management solutions under its innovative sales to financing to charging (“S2F2C”) business model. Ideanomics Capital is focused on disruptive fintech solutions for the financial services industry. Together, MEG and Ideanomics Capital provide the company’s global customers and partners with leading technologies and services designed to improve transparency, efficiency and accountability, and provides IDEX shareholders with the opportunity to participate in high-potential, growth industries. For more information about the company, please visit www.Ideanomics.com
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