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RELIANCE

NEWS + PRESS

Reliance Global Group Completes Audit of Fortman Insurance Agency

LAKEWOOD, NJ, March 27, 2020 — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTCQB: RELI) (“RELI” or the “Company”), today reported that the Company has completed the audit of its wholly owned Fortman Insurance Agency subsidiary (“Fortman”). The 2017 and 2018 financial results for Fortman Insurance, which precede the acquisition by Reliance, will be posted on the Company’s website. The 2019 results will be included in the consolidated financials within the Company’s Form 10-K, which is expected to be filed shortly.

Ezra Beyman, CEO of Reliance Global Group, stated, “We are delivering on our promise by completing the audits for each of our subsidiaries. We are near completion of the audits for the final remaining subsidiary. Upon completion of each of the audits, we will file our Form 10-K to become fully reporting with the Securities and Exchange Commission. Despite the current havoc in the markets, our insurance agencies are performing well and we are starting to see a more favorable real estate market, which we believe will allow us to take advantage of opportunistic acquisitions.”

About Reliance Global Group, Inc.

Reliance Global Group, Inc. (OTCQB: 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.

Contact:

Crescendo Communications, LLC
Tel: +1 (212) 671-1020
Email: RELI@crescendo-ir.com

Reliance Global Group CEO Offers Stock Purchase Program for Employees of Up to 1 Million Shares of the Company’s Stock

LAKEWOOD, NJ, March 19, 2020 — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTCQB: RELI) (“RELI” or the “Company”)today reported that in light of the current situation, the Company’s CEO, Mr. Ezra Beyman, has announced plans to personally fund employees to purchase the Company’s common shares in the open market through a cash gift. The program will allow for up to a maximum of 1,000,000 shares to be purchased by employees under the guidelines of the Program.

Ezra Beyman, CEO of Reliance Global Group, stated, “The global health concerns related to the COVID-19 pandemic are real and we urge all Americans to follow necessary precautions. As previously announced, we are taking our own steps to protect employees and ensure business continuity. Nevertheless, business goes on and I am more encouraged than ever by the outlook for Reliance. I am especially grateful for the hard work and dedication of our employees during these challenging times. For this reason, I’m pleased to personally fund our employees to purchase up to 1 million of the Company’s shares.

“Overall, we are extremely well positioned given the diversification of our business model. The current market may present unique real estate opportunities within a more favorable interest rate environment. Given this landscape, we are well positioned to take advantage of opportunities in the marketplace as they arise. At the same time, we have our focus as well within the insurance sector, and given the fact we own agencies versus carriers, these businesses tend to be well insulated during periods of market volatility. Moreover, through our partnership with Nsure.com, we can significantly enhance the efficiency of our bricks-and-mortar agencies, as well as benefit from more favorable multiples as we evaluate future acquisition opportunities. Our alignment with Nsure.com will also allow us to participate in the tremendous inherent upside as more of the insurance industry moves online. I strongly believe this is an industry ripe for disruption, just like hundreds of industries before, such as online shopping. I encourage everyone to exercise prudence and caution during these difficult times, but don’t lose sight of the ingenuity and resilience of the American people.”

About Reliance Global Group, Inc.

Reliance Global Group, Inc. (OTCQB: 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.

Contact:

Crescendo Communications, LLC
Tel: +1 (212) 671-1020
Email: RELI@crescendo-ir.com

Reliance Global Group Completes Audit of Southwestern Montana Insurance

LAKEWOOD, N.J., March 19, 2020 — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTCQB: RELI) (“RELI” or the “Company”), today reported that the Company has completed the audit of its wholly owned Southwestern Montana Insurance subsidiary. The Company is moving rapidly to complete the audit of each of its subsidiaries, which are expected to be completed shortly.

Ezra Beyman, CEO of Reliance Global Group, stated, “We are making rapid progress in completing the audits for each of our subsidiaries. The 2017 and 2018 financial results for Southwestern Montana Insurance, which precedes our acquisition, have now been posted on our website. The 2019 results will be included in the consolidated financials within our Form 10-K, which will be filed upon completion of all the audits. We look forward to becoming fully reporting with the Securities and Exchange Commission, an important stepping stone towards our planned listing on a national exchange.”

About Reliance Global Group, Inc.

Reliance Global Group, Inc. (OTCQB: 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.

Contact:

Crescendo Communications, LLC
Tel: +1 (212) 671-1020
Email: RELI@crescendo-ir.com

Reliance Global Group Inc. Provides Shareholder Update

LAKEWOOD, NJ, March 16, 2020 — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTCQB: RELI) (“RELI” or the “Company”), today provided the following update to shareholders.

Ezra Beyman, CEO of Reliance Global Group, stated, “In light of the global pandemic, I’d like to reassure our customers and shareholders that our businesses have been uninterrupted and we have taken precautions to protect our employees and ensure business continuity. Importantly, we believe our aggressive move into the insurance sector was timely, considering this market has historically been insulated from economic cycles. Moreover, we believe the current interest rate environment will ultimately benefit our multi-family real-estate strategy. Most important, we are committed to the health and safety of our employees, and are eternally grateful for the hard work of the local, state and federal employees, as well as healthcare workers and others on the front lines working tirelessly to ensure the safety and wellbeing of citizens around the country.”

About Reliance Global Group, Inc.

Reliance Global Group, Inc. (OTCQB: 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.

Contact:

Crescendo Communications, LLC
Tel: +1 (212) 671-1020
Email: RELI@crescendo-ir.com

Reliance Global Group Inc. Announces Recent Appointment of Nationally Recognized Mazars USA as the Company’s Independent Auditor

LAKEWOOD, N.J., March 12, 2020 — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTCQB: RELI) (“RELI” or the “Company”), today announced that the Company has appointed Mazars USA LLP, a leading accounting, tax and consulting firm in the United States, as the Company’s new independent registered public accounting firm.

Ezra Beyman, CEO of Reliance Global Group, stated, “We are pleased to announce the recent appointment of Mazars USA, a nationally recognized accounting firm, as our new audit firm. Mazars USA is part of Mazars Group, which has over 40,000 professionals around the world in more than 90 countries. We believe this appointment is timely in light of the growth we have experienced, the addition of our new digital insurance strategy in partnership with Nsure.com, as well as our anticipated expansion both within the insurance and real estate verticals. Importantly, they have the resources, national footprint and sector expertise to support our aggressive acquisition plans. As previously reported, our 2019 audits are well underway with Mazars, and will be posted as they are completed. We would also like to thank Friedman, LLP for their guidance, expertise and support.”

Mazars USA replaces Friedman, LLP, as the Company’s independent auditor. There were no disagreements or unresolved issues with Friedman, LLP. The appointment of Mazars has been approved by the Board of Directors.

About Mazars USA

Mazars USA LLP is a high-performing accounting, tax and consulting firm with significant national presence in strategic U.S. geographies. Since 1921, our dedicated professionals have leveraged technical industry expertise to develop customized solutions for clients, create value, and Optimize their performance. We offer a broad array of industry specialists providing services to growth-oriented enterprises and individuals. As the independent US member firm of Mazars Group, we deliver seamless access to the expertise of more than 40,000 professionals in over 90 countries. At local and global levels, we are proud of our value-added services, building lasting relationships with our clients and communities. For more information, visit us at www.mazarsusa.com.

About Reliance Global Group, Inc.

Reliance Global Group, Inc. (OTCQB: 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.

Contact:

Crescendo Communications, LLC
Tel: +1 (212) 671-1020
Email: RELI@crescendo-ir.com

Reliance Global Group Names Senior Industry Executive Josh Colter as Chief Investment Officer & Head of U.S. Real Estate

LAKEWOOD, N.J., March 10, 2020 — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTCQB: RELI) (“RELI” or the “Company”) today announced the appointment of Josh Colter as Chief Investment Officer & Head of U.S. Real Estate, effective March 10, 2020. Mr. Colter will be responsible for spearheading new acquisitions and dispositions, overseeing the underwriting process, developing capital partner relationships, and will manage the real-estate portfolios that will be purchased by Reliance Global Group.

Mr. Colter brings over 15 years of domestic and international real estate, private equity, and M&A advisory experience, including having closed more than $1.2 billion of multifamily acquisitions over the past five years. Most recently, Mr. Colter served as Director of Acquisitions & Finance at Robbins Property Associates, a full-service owner-operator of multifamily properties. Previously, Mr. Colter served as Managing Director for Lloyd Jones Capital, a private equity real estate investment, development & management company specializing in multifamily and senior housing. His background with sponsor/operators includes principal investing, asset management, acquisitions, and JV structuring with family offices and institutional groups. His experience includes roles with Exane BNP Paribas, Consultiva, Tavira Monaco SAM, Broad Street Securities Group and Bear Stearns. He graduated from the University of Central FL (B.S.) with a triple concentration in Finance, Accounting, & Economics, and completed a double master’s degree program (MSc) in Financial Economics and Risk & Investment Management from EDHEC Business School in France. Additionally, he is a Young Founder & President of the Mt. Sinai Foundation in Miami Beach, FL.

Ezra Beyman, CEO of Reliance Global Group, stated, “Josh is an outstanding and timely addition to the senior management team. Having closed over $1.2 billion in multifamily acquisitions over the past 5 years alone, his experience will be invaluable in accelerating the growth of our multifamily real estate portfolio. Moreover, his involvement within our real estate segment will allow us to allocate greater resources towards our acquisition/roll-up strategy within the insurance segment. Importantly, we believe our business model brings together the best of two worlds. First, we believe multifamily properties represent the most attractive asset class within the real estate market at this time, with the potential to generate highly attractive returns. At the same time, insurance is a very secure and predictable asset class, especially during volatile markets. By utilizing the Nsure.com platform to drive efficiencies and cost savings within our insurance agency portfolio, we believe we have developed a finely tuned business model that has the potential to drive significant shareholder value for years to come.”

The Company also reported that it is making progress on the 2019 audits, as previously announced, and expects to provide further updates shortly.

About Reliance Global Group, Inc.

Reliance Global Group, Inc. (OTCQB: 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.

Contact:

Crescendo Communications, LLC
Tel: +1 (212) 671-1020
Email: RELI@crescendo-ir.com