NEWS + PRESS

LAKEWOOD, N.J., June 21, 2019 — Reliance Global Group, Inc. (OTC: RELI) (“RELI” or the “Company”), today provided business updates.

As we have previously announced we are in the process of completing our audits so that we can become SEC reporting and take RELI to the next phase. Out of transparency for our shareholders, we will be releasing the audits as they are complete. To date, our 2017 RELI consolidated audit has been completed and will be posted on the OTC website. Additionally, we will also be posting portions of the independent third-party Due Diligence Reports for the two agencies recently acquired by RELI’s affiliate, Reliance Global Holdings, LLC. The two agencies, Fortman Insurance Services and Southwestern Montana Insurance Center, will be transferred into RELI prior to the completion of the RELI audits. Kindly note that we recently changed our fiscal yearend, to December 31.

You can find the information for our completed audits and relevant portions of the independent Due Diligence Reports on the OTC Markets website. Portions of the Due Diligence Report contain proprietary information and are not included.

About Reliance Global Group, Inc.

Reliance Global Group, Inc. (OTC PINK: RELI) is moving forward with its goal to operate as a holding company for several companies in the real estate, insurance brokerage, and potentially other sectors. RELI’s focus continues to be to grow the Company by pursuing an aggressive growth strategy of acquisition opportunities, including both real estate and insurance agencies. Insurance agencies, as opposed to insurance carriers, bear no insurance risk. RELI is controlled by Reliance Global Holdings, LLC, a New York-based limited liability company, which is the owner and operator of numerous companies with core interests invested in real estate and insurance brokerage.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission and elsewhere. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

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SOURCE Reliance Global Group, Inc.

LAKEWOOD, N.J., June 14, 2019 — Reliance Global Group, Inc. (OTC: RELI) (“RELI” or the “Company”), today provided additional business updates.

The Company announced it has retained Crescendo Communications, LLC to provide investor relations and strategic advisory services for the Company. Crescendo is a leading New York-based communications firm, with broad experience representing public companies and helping build awareness within the investment community.

The Company also reported it is still in the process of completing the audit of its financial statements, so that it can become a SEC-reporting issuer. The audits of the original three entities which RELI acquired are nearly complete; however, Reliance Global Group’s growth through acquisitions has delayed the completion of the audit of RELI on the whole, as each new acquisition requires its own independent audit.

Ezra Beyman, CEO of Reliance Global Group, stated, “We are working thoroughly and diligently to have the audits completed in the most expeditious timeframe possible. Upon completion of the audit, we plan to become fully reporting. Given the traction in our business, and our planned status as a fully reporting Company, we felt it was good timing to bring on a quality IR firm to help broaden our exposure within the capital markets.”

The Company also provided an update on its previously announced two signed LOIs involving 19 multifamily properties. Reliance Global Group is still in the process of obtaining the bank approval for this loan assumption. Although the Company had originally planned to structure the real estate entity as a REIT, “Edmonton Realty REIT USA,” it is also exploring alternative structures a “merchant” in the multifamily real estate industry, which has been a successful strategy of Reliance Global Holdings, LLC’s principals for the past 30 years.

Ezra Beyman, further noted, “While we have not ruled out the REIT structure, acting as a merchant may have numerous advantages, as complexes are acquired, upgraded utilizing our expertise, and then resold. We believe this structure could have a much more favorable impact to our bottom line over a typical REIT model, and we are actively evaluating our options.”

Reliance Global Group currently has one outstanding LOI in the insurance sector relating to two independent insurance agencies. Mr. Beyman concluded, “We are still in our due diligence phase and intend to complete those acquisitions upon the completion and assurance of our due diligence team. We have already completed the acquisitions of two agencies, Southwestern Montana and Fortman Insurance, during the second quarter alone.”

About Reliance Global Group, Inc.

Reliance Global Group, Inc. (OTC PINK: RELI) is moving forward with its goal to operate as a holding company for several companies in the real estate, insurance brokerage, and potentially other sectors. RELI’s focus continues to be to grow the Company by pursuing an aggressive growth strategy of acquisition opportunities, including both real estate and insurance agencies. Insurance agencies, as opposed to insurance carriers, bear no insurance risk. The Company is controlled by Reliance Global Holdings, LLC, a New York-based limited liability company, which is the owner and operator of numerous companies with core interests invested in real estate and insurance brokerage.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission and elsewhere. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

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SOURCE Reliance Global Group, Inc.

LAKEWOOD, N.J., June 13, 2019 — Reliance Global Group, Inc. (OTC: RELI) (“RELI” or the “Company”), a diversified holding company in the insurance brokerage and real estate industries, today provided the following letter to shareholders from the Company’s CEO, Ezra Beyman.

“To our valued shareholders,

Over the past nine months, since I became the Company’s CEO, we have dramatically transformed the business and built the foundation for Reliance Global Group to become a premier holding company with diversified interests in the insurance and real estate markets. Specifically, we are focused on acquiring growing, cash flow positive insurance agencies at favorable multiples. The policies sold by agencies provide a long-term, predictable revenue stream and, unlike insurance carriers, agencies do not bear insurance risk. Similarly, we are focused on aggressively acquiring real estate properties with attractive assets and cash flow to drive long-term value for shareholders. At the same time, we are building a scalable national infrastructure to accelerate organic growth and support additional acquisitions to drive economies of scale.

Within our insurance brokerage vertical, we have been very aggressive, yet selective, in our acquisitions. In October 2018 we announced our first two acquisitions, Employee Benefits Solutions and U.S. Benefits Alliance (USBA), two Michigan-based insurance agencies specializing in the sale of health insurance products in the wholesale and retail industry. In December 2018, we acquired Commercial Solutions of Insurance Agency, LLC, a commercial property and casualty insurance company serving the trucking, towing and short-haul services industries.

In April and May 2019, respectively, we announced that Reliance Global Holdings, LLC, a private company affiliated with Reliance Global Group, had acquired two agencies: Southwestern Montana Insurance, a group health insurance company providing employee benefits insurance to groups and individuals; and Fortman Insurance Agency, LLC, which provides personal and commercial insurance lines. We are in the process of completing the audited financial statements of these two companies. Our plan is to roll both of these businesses into Reliance Global Group during the third quarter of 2019.

Lastly, we signed letters of intent for two General Agencies (GAs) providing group and individual health insurance. The agencies are located in the Midwest and, when acquired, will significantly increase our health insurance presence within the region.

As part of our organic growth strategy, we launched a national campaign to recruit independent health agents, brokers and National Marketing Organizations to market our portfolio of insurance products. We have also implemented a one-of-a-kind software-based referral program for the insurance industry, to arm our agents with some of the best tools in the industry.

Within our real estate vertical, we signed a letter of intent to acquire 15 multifamily properties across Ohio, Indiana, Kentucky, Michigan and Georgia in January. Collectively, these properties have an appraised value in excess of $80 million and net equity of approximately $24 million. Also, in January, we signed an additional letter of intent to acquire four more multifamily properties across Indiana, Ohio, Michigan and Georgia with an appraised value of more than $33 million and net equity of approximately $8 million. We expect these properties to generate over $1.3 million in cash flow for Reliance Global Group annually, after they are acquired. To complete both real estate acquisitions, we are in the process of securing the approval of the lender, and SEC-compliant audited financial statements for both, from Friedman LLP, our auditing firm.

Overall, we are executing on aggressive growth strategy through both organic growth, as well as M&A. On the M&A front, we are committed to identifying undervalued, and accretive transactions that leverage our national infrastructure and core expertise within the real estate and insurance markets. In aggregate, combining the agencies we own and those under LOI, we are now at a pro forma annual premiums revenue run rate in excess of $4.6 million. By leveraging the assets and cash flow of the acquired companies, we are also able to minimize equity dilution. As a result, we believe we are building a highly scalable and profitable business model.

To wrap up, we are excited with our strategic plan for growth, and with the changes we have made in the Company in only nine months. We would like to thank our shareholders, employees and Board of Directors for their ongoing support. We will keep you updated on our progress as developments unfold.”

About Reliance Global Group, Inc.

Reliance Global Group, Inc. (OTC PINK: RELI) is moving forward with its goal to operate as a holding company for several companies in the real estate, insurance brokerage, and potentially other sectors. RELI’s focus continues to be to grow the Company by pursuing an aggressive growth strategy of acquisition opportunities, including both real estate and insurance agencies. Insurance agencies, as opposed to insurance carriers, bear no insurance risk. The Company is controlled by Reliance Global Holdings, LLC, a New York-based limited liability company, which is the owner and operator of numerous companies with core interests invested in real estate and insurance brokerage.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission and elsewhere. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

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SOURCE Reliance Global Group, Inc.