NEWS + PRESS

LAKEWOOD, NJ, March 26, 2021 — via NewMediaWire – Reliance Global Group, Inc. (Nasdaq: RELI; RELIW), an insurtech company focused on combining advanced technologies with the personalized experience of a traditional insurance agency, today announced its subsidiary, Fortman Insurance Services LLC, has been approved to offer Travelers and Nationwide insurance products nationally through the Company’s 5MinuteInsure.com platform. The Company plans to initially focus on home and auto insurance, with the goal to add additional coverages.

Ezra Beyman, CEO of Reliance Global Group, commented, “The addition of Travelers and Nationwide to our growing list of insurance carriers marks another important milestone for our 5MinuteInsure.com platform. Travelers and Nationwide, among the largest property and casualty insurance providers in the U.S., are highly selective of the agencies approved to offer their products, and we believe these approvals further validate of our unique approach, which utilizes artificial intelligence to provide insurance quotes online, in many cases, within five minutes, with minimal data input by the customer. Comparing quotes among a growing array of carriers provides consumers confidence they are receiving competitive quotes highly customized to their needs. In addition, combining the 5MinuteInsure.com platform with our agency infrastructure and hands-on approach will provide consumers with the option to speak with an agent to answer questions and bind their policy. We are excited about this development and look forward to continuing our aggressive rollout of the 5MinuteInsure.com platform.”

About Reliance Global Group, Inc.

Reliance Global Group, Inc. (NASDAQ: RELI, RELIW) is an insurtech company combining advanced technologies, with the personalized experience of a traditional insurance agency model. Reliance Global Group’s growth strategy includes both an organic expansion, including through 5minuteinsure.com, as well as acquiring well managed, undervalued and cash flow positive insurance agencies. Additional information about the Company is available at https://www.relianceglobalgroup.com/.

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

5MinuteInsure.com, through its Reliance Insurtech division, now licensed to sell home and auto insurance in 43 states

LAKEWOOD, N.J., March 24, 2021 — via NewMediaWire — Reliance Global Group, Inc. (Nasdaq: RELI; RELIW), which combines AI and cloud-based technologies with the personalized experience of a traditional insurance agency, today provided a business update and reported financial results for the year-ended December 31, 2020.

Ezra Beyman, CEO of Reliance Global Group, commented, “2020 was a transformative year for the Company. First, we continued our acquisition strategy with the purchase and successful integration of UIS Agency, LLC, a regional insurance agency serving the commercial transportation industry. We now operate through seven wholly owned agencies with plans to continue our M&A strategy. Specifically, we are targeting growing and profitable businesses that we can buy at attractive multiples and with the ability to leverage both technology and economies of scale to gain significant efficiencies.”

“In early 2020, we made a strategic investment in Nsure.com and, more recently, we launched our own platform, 5minuteinsure.com. The goal of 5minuteinsure.com is to tap into the growing number of online shoppers. Utilizing artificial intelligence, in many cases we can provide competitive insurance quotes online within five minutes, with minimal data input by the customer. 5minuteinsure.com combines the best of a traditional insurance agency, including the option for direct agent interaction with the ability to bind a policy either online or offline. I am especially pleased to report that 5MinuteInsure.com, through our affiliated Reliance Insurtech division, has received access to sales capabilities through licenses granted to Reliance Insurtech to sell home and auto insurance in 43 states, with near-term plans to add additional states and carriers, as well as expand into additional types of insurance. We believe this state-of-the-art Insurtech platform has the potential to truly disrupt the industry.”

“We continue to enhance our infrastructure and expand our internal resources. Heading into 2021, we are accelerating our sales and marketing initiatives targeting large enterprises and employee organizations. We have also hired senior insurance industry executives to assist in both the rollout of our online offering, as well as accelerate our acquisition strategy. In addition, we significantly enhanced our balance sheet through the recent public offering for gross proceeds of $12.4 million concurrent with our listing on the Nasdaq. The combination of these events provides us a much stronger platform to execute our organic growth and acquisition strategies.”

“In 2020, revenue increased 63%, reflecting our continued growth and execution of our business model. Importantly, we incurred significant company expenses in 2020 related to preparations for our Nasdaq listing, while at the same time, we invested heavily in our infrastructure and operations to support our continued expansion. As a result, we believe we have built a highly scalable operation with the potential for high recurring revenue and operating margins.”

Financial Results

The Company achieved revenues of $7,279,530 for the year ended December 31, 2020, as compared to $4,450,785 for the year ended December 31, 2019. The increase of $2,828,745 was primarily due to the insurance agencies acquired in 2019 reporting revenue for the full twelve months of 2020 compared to partial year of revenue for the agencies acquired in 2019. The Company had total commission expense of $1,569,752 for the year ending December 31, 2020 compared to $705,714 for the year ending December 31, 2019. The Company had total general and administrative expenses of $4,205,797 for the year ending December 31, 2020, as compared to $3,638,896 for the year ending December 31, 2019 due to additional stock option expense and professional fees, as well as additional public and other reporting expenses as the Company prepared to list on Nasdaq. Loss from operations for the year ending December 31, 2020 was $3,644,418, compared to $3,103,911 for 2019. Net loss for 2020 was $3,699,005, or ($0.88) per share, compared to $3,495,481, or ($1.21), in 2019.

The complete financial results are available in the Company’s Form 10-K, which has been filed with the U.S. Securities & Exchange Commission and is available on the Company’s website.

About Reliance Global Group, Inc.

Reliance Global Group, Inc. (NASDAQ: RELI, RELIW) is combining advanced technologies, with the personalized experience of a traditional insurance agency model. Reliance Global Group’s growth strategy includes both an organic expansion, including through 5minuteinsure.com, as well as acquiring well managed, undervalued and cash flow positive insurance agencies. Additional information about the Company is available at https://www.relianceglobalgroup.com/.

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, March 15, 2021 — via NewMediaWire — Reliance Global Group, Inc. (Nasdaq: RELI; RELIW), which combines advanced technologies with the personalized experience of a traditional insurance agency, announces that its affiliated Reliance Insurtech division has received licenses to sell home and auto insurance in 40 states, with plans to expand to additional types of insurance. In order to utilize these licenses and achieve efficacy, its 5MinuteInsure.com platform is in the process of being configured to offer insurance in the respective states, while the Company is onboarding carriers in these states.

5MinuteInsure.com is designed to leverage the Company’s proprietary and novel technologies, allowing it to tap into the growing number of online shoppers and, in turn, driving demand to its affiliated agents. 5MinuteInsure.com utilizes artificial intelligence to provide competitive insurance quotes, in many cases, within five minutes, with minimal data input by the customer via their smartphone, tablet or computer.

Ezra Beyman, CEO of Reliance Global Group, commented, “We have achieved a significant milestone in being licensed in 40 states, with more states to follow. Now, we are in the process of aggressively onboarding known insurance carriers, both regional and nationwide, in order to realize the benefits of this novel platform. We believe that as this process unfolds, our online offering will be highly attractive to the growing number of consumers who have now become accustomed to conducting almost all of their business online. We believe we are unique in our ability to combine the traditional insurance agency model with tools adapted for the modern digital age. We can now provide customers the ability to digitally compare quotes within minutes and request to bind their policy online. For clients who still prefer to interact with a person directly, there will be concierge agents available through live chat or phone to assist in reviewing and binding coverage as well as servicing policies. We look forward to providing further updates as key developments unfold.”

About Reliance Global Group, Inc.

Reliance Global Group, Inc. (NASDAQ: RELI, RELIW) is combining advanced technologies, with the personalized experience of a traditional insurance agency model. Reliance Global Group’s growth strategy includes both an organic expansion, including through 5minuteinsure.com, as well as acquiring well managed, undervalued and cash flow positive insurance agencies. Additional information about the Company is available at https://www.relianceglobalgroup.com/.

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

SWMIC subsidiary chosen as broker of choice for three additional unions

LAKEWOOD, N.J., March 03, 2021 — via NewMediaWire — Reliance Global Group, Inc. (Nasdaq: RELI; RELIW), a company engaged in the acquisition and management of insurance agencies in the United States, announces it is expanding its sales initiatives targeting large enterprises and employee organizations. As a result, Reliance Global Group’s wholly owned subsidiary, Southwestern Montana Insurance Center, LLC (SWMIC), was recently named broker of choice for an additional three unions.

Ezra Beyman, CEO of Reliance Global Group, stated, “In addition to launching 5minuteinsure.com, our direct-to-consumer offering, we are also accelerating our sales and marketing initiatives targeting large enterprises and employee organizations. I am pleased to report, SWMIC was recently named broker of choice for 3 premier regional unions. This follows SWMIC’s selection as Broker of Choice for 18 public school districts. We are pursuing this same strategy in parallel with our other agencies.”

“We remain steadfast in our mission of acquiring and managing accretive and undervalued insurance agencies, where it is our intention to leverage our national footprint and gain economies of scale. Our 5minuteinsure.com platform is highly complementary to this strategy as it is designed to provide a cost-effective national platform for online customers to compare quotes and direct them to an agent in their area who can answer questions and bind the policy. We believe our multi-channel approach will allow us to rapidly scale the business and is strong validation of the value we add to our portfolio of insurance businesses.”

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