Ideanomics (NASDAQ: IDEX) (“Ideanomics” or the “Company”) announces the expansion of Timios Holdings Corp.’s (Timios) retail purchasing services in California with the addition of three new locations.

Timios has signed office leases in three new locations this quarter, Santa ClaritaLancaster and VenturaSanta Clarita is the third largest city by population in Los Angeles county. It is a fast-growing community with robust housing numbers, housing starts and home upgrade opportunities. Lancaster, located in the Antelope Valley, is another area of continued and sustained growth. Ventura, in Ventura county, is a mature coastal community with a vibrant housing market. Collectively, these three cities have a population of about half a million people. The three new offices are part of Timios’ continuing expansion program which has helped fuel its growth in recent years.

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