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RELIANCE

NEWS + PRESS

Reliance Global Group Inc. Schedules Business Update Conference Call

LAKEWOOD, NJ, May 19, 2020 — via NEWMEDIAWIRE — — Reliance Global Group, Inc. (OTCQB: RELI) (“Reliance” or the “Company”), today announced that it will host a conference call at 4:30 PM Eastern Time on Wednesday, June 3, 2020 to provide a business update on the Company’s progress, including its real estate and insurance strategies. The conference call will be led by Ezra Beyman, Chairman and Chief Executive Officer, and Alex Blumenfrucht, Chief Financial Officer of Reliance Global Group Inc.

The conference call will be available via telephone by dialing toll free 877-407-8033 for U.S. callers or +1 201-689-8033 for international callers. A webcast replay will be archived on the Company’s website and a telephone replay of the call will be available approximately one hour following the call, through June 17, 2020 and can be accessed by dialing 877-481-4010 for U.S. callers or +1 919-882-2331 for international callers and entering conference ID: 34843.

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 Appoints David Lazar to Board of Directors

LAKEWOOD, NJ, May 18, 2020 — via NEWMEDIAWIRE Reliance Global Group, Inc. (OTCQB: RELI) (“RELI” or the “Company”) today announced the appointment of David Lazar as an independent member of the Company’s Board of Directors. As a result, the Board of Directors has increased to 5 members, including 3 independent directors, thereby meeting the independence requirements for a national exchange.

Mr. Lazar brings domestic and international experience in operations, accounting, audit preparation, due diligence, capital restructuring, debt financing, and mergers and acquisitions. Mr. Lazar is currently the CEO of both Custodian Ventures LLC & Activist Investing LLC, which specialize in reverse merger and other event-driven opportunities.

Ezra Beyman, CEO of Reliance Global Group, stated, “We are delighted to welcome David to the Board. He brings broad experience in public company management, having served as CEO of several OTC companies, providing them successful exit strategies. David’s skills in corporate finance and capital markets will be valuable as we enter the next phase of growth, including our acquisition strategy focused on undervalued insurance agencies that we can streamline and accelerate through our digital insurance platform powered by Nsure.com. We also continue to opportunistically pursue acquisitions in the multi-family real estate market where we see increased opportunities due to the current market. Importantly, as we continue to identify and evaluate distressed or undervalued acquisition opportunities his background working with such companies will be valuable. Additionally, we believe having an independent director of David’s caliber will assist us in achieving a listing on a senior national exchange, and help us to maintain the highest levels of corporate governance.”

Mr. Lazar commented, “I am excited to join Reliance at this exciting time in the Company’s evolution. The insurance agency market has historically been resilient and less prone to volatility, while the current market uncertainty also presents attractive acquisition opportunities within both the insurance and real estate sectors. As a result of Reliance’s unique position in the market, I have been involved in a variety of strategic discussions with Nasdaq and NYSE companies that could potentially help accelerate the Company’s path to listing on a national exchange; however, we can provide no assurance such a transaction will occur. I look forward to working closely with management to support the Company’s capital markets plan and strategic direction going forward.”

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 2019 Audit; Pro Forma Consolidated Revenue Increases More Than Four-Fold

LAKEWOOD, NJ, May 07, 2020 — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTCQB: RELI) (“RELI” or the “Company”), today reported that the Company has completed the 2019 audit, including its wholly owned subsidiaries. The audit results are available on the OTC’s website. In addition, the Company is well underway preparing and plans to file its Form 10 with the Securities and Exchange Commission, to become a fully reporting company.

Ezra Beyman, CEO of Reliance Global Group, stated, “The filing of our 2019 audited financial results is an important milestone, and reflects the consolidated results of our recent acquisitions. As expected, our results reflect strong growth. Even including the results of operations for the periods preceding the acquisitions, our pro forma revenue reflects more than a four-fold increase to approximately $4.5 million, as well as a seven-fold increase versus our actual revenues, and we are now operating at a revenue run-rate in excess of $7 million through the first quarter of 2020. Moreover, our total assets increased to approximately $17 million as of December 31, 2019 compared to $2.5 million as of December 31, 2018. Looking ahead, we continue to identify and plan to acquire additional, undervalued insurance agencies that complement our digital insurance strategy, as well as opportunistic acquisitions in the multi-family real estate market.”

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