LAKEWOOD, N.J., Feb. 24, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Reliance Global Group, Inc. (Nasdaq: RELI), a company engaged in the acquisition and management of insurance agencies in the United States, today announced the appointment of Moshe Fishman as Director of Insurance Operations. In this role, he will help oversee the integration of insurance agencies, as well as the rollout of the Company’s new 5MinuteInsure.com platform.
LAKEWOOD, N.J., Feb. 24, 2021 — via NewMediaWire — Reliance Global Group, Inc. (Nasdaq: RELI), a company engaged in the acquisition and management of insurance agencies in the United States, today announced the appointment of Moshe Fishman as Director of Insurance Operations. In this role, he will help oversee the integration of insurance agencies, as well as the rollout of the Company’s new 5MinuteInsure.com platform.
Prior to joining Reliance Global Group, Mr. Fishman served as President of Tekeno Financial, LLC, which offers a variety of insurance products and annuities. While at Tekeno, Mr. Fishman structured a variety of unique no load fee insurance products to compete with low yielding bank products. He was also responsible for developing online and national media marketing strategies. Previously, he founded CoverageX LLC, an online platform for comparing, selecting, purchasing and servicing insurance policies. Mr. Fishman also served as President of Fishman Insurance Agency, a property and casualty insurance agency servicing the commercial real estate market.
Ezra Beyman, CEO of Reliance Global Group, stated, “We are delighted to welcome Moshe to Reliance Global. He brings extensive experience and a successful track record in the insurance agency market. Of particular note, he founded CoverageX, a state-of-the-art online platform for comparing and purchasing insurance policies. We look forward to leveraging his online and offline insurance background as we prepare the commercial launch of 5minuteinsure.com, which brings together the ‘human touch’ of a traditional agency, with the industry’s most advanced digital and online tools. We believe 5MinuteInsure.com will not only provide an unparalleled customer experience, but will also allow us to streamline operations and enhance the efficiency of our portfolio companies. In addition, Moshe brings insurance industry experience that will be valuable as we seek to expand our portfolio of nationwide insurance agencies.”
About Reliance Global Group, Inc.
Reliance Global Group, Inc. (NASDAQ: RELI) is moving forward with its goal to operate in the insurance sector through its insurance brokerage agencies and online insurance businesses, and potentially other sectors. RELI’s focus continues to be to grow the Company by pursuing an aggressive growth strategy of acquisition opportunities, including 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
Online platform to compare quotes, direct leads to a local agent and bind policies within minutes
LAKEWOOD, N.J., Feb. 18, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Reliance Global Group, Inc. (Nasdaq: RELI), a company engaged in the acquisition and management of insurance agencies in the United States, today announced the beta launch of its 5MinuteInsure.com platform as the next step in expanding the Company’s operations with the goal of establishing a national footprint. A video teaser of the new platform is also available at: https://youtu.be/yfWOvboPvjE.
Continue reading “Reliance Global Group Announces Beta Launch of 5MinuteInsure.com”
Online platform to compare quotes, direct leads to a local agent and bind policies within minutes
LAKEWOOD, N.J., Feb. 18, 2021 — via NewMediaWire — Reliance Global Group, Inc. (Nasdaq: RELI), a company engaged in the acquisition and management of insurance agencies in the United States, today announced the beta launch of its 5MinuteInsure.com platform as the next step in expanding the Company’s operations with the goal of establishing a national footprint. A video teaser of the new platform is also available at: https://youtu.be/yfWOvboPvjE.
5minuteInsure.com is a tool developed by Reliance Global to be utilized in conjunction with agency acquisitions, as well as affiliated agencies. It utilizes artificial intelligence and data mining to provide competitive insurance quotes within 5 minutes, with minimal data input. The purpose is to tap into the growing number of online shoppers in order to drive business to the Company’s insurance agencies. Consumer prospects are then transferred to the geographically closest agent and/or affiliates.
Initially, the beta launch will be limited to Ohio, beginning with automotive insurance. However, the Company is in the process of opening the platform to home insurance as well, with a goal to expand in the ensuing months as practical and regulatory considerations permit.
Ezra Beyman, CEO of Reliance Global Group, stated, “The beta launch of 5minuteinsure.com allows customers to rapidly compare quotes online and directs them to an agent in their area who can answer questions and bind the policy. 5minuteinsure.com complements our “bricks and mortar” operations, as we can now route leads to the agents in our network. This should be a useful tool in driving business to our platform.
“Unlike other sectors, insurance has been one of the last to adopt technology and move online. We believe 5minuteinsure.com, combined with our core insurance business, will provide an attractive solution to consumers. Specifically, we are blending traditional “human touch” insurance agencies with the convenience and speed of the modern digital age, which consumers have come to expect. Through technology, we also look to reduce back-office paperwork, allowing agents to focus on what they are good at – selling policies. We also aim to enhance operational efficiency and drive margin expansion within our insurance agencies.”
Mr. Beyman concluded, “Now that we have completed our Nasdaq listing, we are laser-focused on accelerating our business strategy. We believe the insurance market is ripe for expansion and poised for disruption through technology, and we look to 5minuteinsure to be our first venture into this space.”
About Reliance Global Group, Inc.
Reliance Global Group, Inc. (NASDAQ: RELI) is moving forward with its goal to operate in the insurance sector through its insurance brokerage agencies and online insurance businesses, and potentially other sectors. RELI’s focus continues to be to grow the Company by pursuing an aggressive growth strategy of acquisition opportunities, including 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
LAKEWOOD, NJ, Feb. 11, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Reliance Global Group, Inc. (Nasdaq: RELI), a company engaged in the acquisition and management of insurance agencies in the United States, today announced the closing of an underwritten public offering of 2,070,000 shares of common stock and accompanying Series A warrants at a public offering price of $6.00 per share and accompanying Series A warrant, which included the full exercise of the underwriter’s over-allotment option, for gross proceeds to the Company of approximately $12.42 million, before deducting underwriting discounts and other offering expenses.
LAKEWOOD, NJ, Feb. 11, 2021 — via NewMediaWire — Reliance Global Group, Inc. (Nasdaq: RELI), a company engaged in the acquisition and management of insurance agencies in the United States, today announced the closing of an underwritten public offering of 2,070,000 shares of common stock and accompanying Series A warrants at a public offering price of $6.00 per share and accompanying Series A warrant, which included the full exercise of the underwriter’s over-allotment option, for gross proceeds to the Company of approximately $12.42 million, before deducting underwriting discounts and other offering expenses.
The Company has listed its common stock and Series A warrants on the Nasdaq Capital Market under the symbols “RELI” and “RELIW”, respectively, which began trading on February 9, 2021.
Kingswood Capital Markets, division of Benchmark Investments, Inc. acted as the sole book runner for the Offering.
The United States Securities and Exchange Commission (“SEC”) declared effective a registration statement on Form S-1 relating to these securities on February 8, 2021. A final prospectus relating to this offering has been filed with the SEC. Copies of the final prospectus relating to this offering can be obtained at the SEC’s website at www.sec.gov or from Kingswood Capital Markets, division of Benchmark Investments Inc., 17 Battery Place, Suite 625, New York, NY 10004, Attention: Syndicate Department, or via email at syndicate@kingswoodcm.com or telephone at (212) 404-7002. Before investing in this offering, interested parties should read in their entirety the prospectus, which provides more information about the Company and such offering.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Reliance Global Group, Inc.
Reliance Global Group, Inc. (NASDAQ: RELI) is moving forward with its goal to operate in the insurance sector through its insurance brokerage agencies and online insurance businesses, and potentially other sectors. RELI’s focus continues to be to grow the Company by pursuing an aggressive growth strategy of acquisition opportunities, including 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
(212) 671-1020
RELI@crescendo-ir.com
LAKEWOOD, NJ, Feb. 08, 2021 — via NewMediaWire — Reliance Global Group, Inc. (NASDAQ: RELI) (“Reliance” or “Company”), a company engaged in the acquisition and management of insurance agencies in the United States, today announced the pricing of an underwritten public offering of 1,800,000 shares of common stock and accompanying Series A warrants at a public offering price of $6.00 per share and accompanying Series A warrant for aggregate gross proceeds of $10,800,000 prior to deducting underwriting discounts, commissions, and other offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 270,000 shares and accompanying Series A warrants at the public offering price less the underwriting discounts and commissions. The offering is expected to close on February 11, 2021, subject to satisfaction of customary closing conditions.
The Company has received approval to list its common stock and Series A warrants on the Nasdaq Capital Market under the symbols “RELI” and “RELIW”, respectively, with trading expected to begin on February 9, 2021.
Kingswood Capital Markets, division of Benchmark Investments, Inc., is acting as representative of the underwriters for the offering.
The United States Securities and Exchange Commission (“SEC”) declared effective a registration statement on Form S-1 relating to these securities on February 8, 2021. A final prospectus relating to this offering will be filed with the SEC. When available, copies of the final prospectus relating to this offering can be obtained at the SEC’s website at www.sec.gov or from Kingswood Capital Markets, division of Benchmark Investments Inc., 17 Battery Place, Suite 625, New York, NY 10004, Attention: Syndicate Department, or via email at syndicate@kingswoodcm.com or telephone at (212) 404-7002. Before investing in this offering, interested parties should read in their entirety the prospectus, which provides more information about the Company and such offering.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Reliance Global Group, Inc.
Reliance Global Group, Inc. (NASDAQ: RELI) is moving forward with its goal to operate in the insurance sector through its insurance brokerage agencies and online insurance businesses, and potentially other sectors. RELI’s focus continues to be to grow the Company by pursuing an aggressive growth strategy of acquisition opportunities, including 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
(212) 671-1020
RELI@crescendo-ir.com
LAKEWOOD, NJ, Feb. 08, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Reliance Global Group, Inc. (NASDAQ: RELI) (“Reliance” or “Company”), a company engaged in the acquisition and management of insurance agencies in the United States, today announced the pricing of an underwritten public offering of 1,800,000 shares of common stock and accompanying Series A warrants at a public offering price of $6.00 per share and accompanying Series A warrant for aggregate gross proceeds of $10,800,000 prior to deducting underwriting discounts, commissions, and other offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 270,000 shares and accompanying Series A warrants at the public offering price less the underwriting discounts and commissions. The offering is expected to close on February 11, 2021, subject to satisfaction of customary closing conditions.