NEWS + PRESS

LAKEWOOD, N.J., Sept. 29, 2022 — Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”), which combines artificial intelligence (AI) and cloud-based technologies with the personalized experience of a traditional insurance agency, today announced that RELI Exchange, its business-to-business (B2B) InsurTech platform and agency partner network, has surpassed 100 agency partners (click here to view the RELI Exchange video).

Moshe Fishman, Director of InsurTech at Reliance Global Group commented, “Since its launch in July, RELI Exchange is rapidly becoming one of the premier agency partner networks in the nation. Unlike other agency solutions, our cloud-based platform does not require agency partners to pay upfront or recurring franchise fees to set up or manage – they can simply sign up as an agency partner and start leveraging the power of the RELI Exchange to grow and immediately improve the operating efficiency of their business. RELI Exchange helps agents compare quotes faster and sell more insurance in a way they could not have done before implementing the tech stack that Reliance Global Group has developed. The platform provides competitive insurance quotes from more than thirty insurance carriers nationwide in just a few minutes, ensuring clients are getting the best possible quotes. RELI Exchange also reduces an agent’s back-office burden and expenses by eliminating paperwork, thus providing the agent with more time to focus on their clients, selling policies, and growing their businesses.”

“Our platform is also attracting entrepreneurs who previously served as captive carrier agents or within large and often bureaucratic agencies. These agents can now reap the full benefits of owning their own business. Given the uncertainties of the current economy, property and casualty insurance have withstood the test of time, even in inflationary environments. At the same time, we are aggressively adding new recurring revenue streams to further entice and support the growth of our agency partner network. As a result, we are proud to announce that we have surpassed one hundred agency partners within the network.”

Mr. Ezra Beyman, Chairman and CEO of Reliance, commented, “We have received excellent feedback from our RELI Exchange agency partners. They are already reporting on the positive effects the platform is having on their business. We believe we have built a best-in-class platform and are not aware of any other offering in the insurance industry with the speed, or versatility of RELI Exchange. We are excited that the platform has grown so quickly and look forward to continuing to aggressively add new agency partners and new revenue streams to our network, which we believe will have a multiplier effect on the growth of our business. Given the proprietary software that we developed, our agency partner model is highly scalable, and we believe it will provide us with the ability to grow this business line significantly with little additional costs. As we have stated previously, our goal is to build RELI Exchange into the largest agency partner network in the country and we believe the growth we have already experienced demonstrates that we are on the right path.”

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 is focused on both organic expansion, including 5minuteinsure.com and RELI Exchange, 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. In some cases, forward-looking statements can be identified by terminology such as “may,” “should,” “potential,” “continue,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” and similar expressions and include statements such as having built a best-in-class platform, continuing to aggressively add new agency partners and new revenue streams to our network, such new additions and revenue streams having a multiplier effect on the growth of our business, the platform providing the Company with the ability to grow this business line significantly with little additional costs, the goal of building RELI Exchange into the largest agency partner network in the country and the growth the Company has already experienced demonstrating that the Company is on the right path. 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 and risk as and uncertainties related to: the Company’s ability to continue to aggressively add new agency partners and new revenue streams to our network, the Company’s ability to generate revenue and grow the RELI Exchange, the Company’s ability to maintain its NASDAQ listing and the other factors described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.

Contact:

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

LAKEWOOD, N.J., Sept. 23, 2022 — Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”), which combines artificial intelligence (AI) and cloud-based technologies with the personalized experience of a traditional insurance agency, today announced that its Board of Directors (the “Board”) authorized a share repurchase program under which the Company may repurchase up to 3.0 million shares of its outstanding common stock, which will become effective three business days after the date the Company issues its quarterly earnings release for the three months ended September 30, 2022 (the “Commencement Date”), which the Company currently anticipates issuing on or about November 14, 2022.

Following the Commencement Date, and for a period of six months thereafter, repurchases may be made through open market transactions (based on prevailing market prices), privately negotiated transactions, block trades, or any combination thereof, in accordance with applicable federal securities laws, including Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The number of shares to be repurchased and the timing of the repurchases, if any, will depend on a number of factors, including, but not limited to, price, trading volume and general market conditions, along with the Company’s working capital requirements and general business conditions. The Board of Directors of the Company will re-evaluate the program from time to time and may authorize adjustments to its terms. The Company expects to utilize its existing funds to fund repurchases under the repurchase program.

Ezra Beyman, CEO of Reliance Global Group, commented, “We are pleased to announce this share repurchase program, which we expect will help drive value for shareholders by reducing the outstanding shares. We believe the Company is in a stronger position than at any time in our history, but do not believe this is reflected in the share price given the current market conditions. As further illustration of my confidence, I have personally purchased over $400,000 of stock in the open market within the past weeks. We could not be more encouraged by the outlook for the business and look forward to providing further updates on RELI Exchange and other significant initiatives underway.”

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 is focused on both organic expansion, including 5minuteinsure.com and RELI Exchange, 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. In some cases, forward-looking statements can be identified by terminology such as “may,” “should,” “potential,” “continue,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” and similar expressions and include statements such as driving value for shareholders by reducing the outstanding shares, the Company being in a stronger position than at any time in its history, the Company’s position not being reflected in its share price and providing further updates on RELI Exchange and other significant initiatives underway. 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 and risk as and uncertainties related to: the Company’s ability to implement its share repurchase program as planned, the Company’s ability to generate revenue and grow the RELI Exchange, the Company’s ability to maintain its NASDAQ listing and the other factors described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.

Contact:

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

Adds New Revenue Stream for RELI Exchange Agents by Providing Clients Access to Merchant Cash Advance Services

LAKEWOOD, NJ, Sept. 08, 2022 — via NewMediaWire – Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”), which combines artificial intelligence (AI) and cloud-based technologies with the personalized experience of a traditional insurance agency, today announced that it has entered into a referral partnership with NRS Funding, a service of National Retail Solutions (NRS) and a provider of merchant cash advance services to independent retailers nationwide. Under the agreement, RELI Exchange affiliated agents will now be able to offer clients merchant cash advance services.

Ezra Beyman, CEO of Reliance Global Group, commented, “We are excited about our partnership with NRS Funding and look forward to providing agents on the RELI Exchange network with a potential new revenue stream accretive to the profitability of their existing businesses. We expect that this new referral partnership will benefit RELI Exchange, our agents, and most importantly, our customers.”

Elie Y. Katz, President and CEO of NRS, said, “NRS was founded to help independent brick-and-mortar retailers effectively fight back against increasing competition from large retail chains and internet retailing Goliaths. We take our commitment to our retailers seriously, and strive to provide products and services that will help their businesses prosper.”

NRS operates a point-of-sale (POS) terminal-based platform for independent retailers nationwide, including convenience, grocery, liquor, and tobacco stores. These retailers are able to process transactions and manage operations more effectively through their NRS terminal while accessing value-added services including NRS' digital payment processing service, NRS Pay. Advertisers access the terminal's digital display network to reach these retailers' predominantly urban customer bases. Consumer packaged goods (CPG) suppliers leverage the NRS platform to provision promotions, coupons, and special offers to independent retailers. NRS is a subsidiary of IDT Corporation, a NYSE listed company.

Beyman added, “We designed RELI Exchange to have low barriers to entry and a compelling value proposition to help us attract new agency partners and provide them with the tools to make their businesses operate more efficiently and become more profitable. The platform has been well received by agents as evidenced by the substantial growth in our agency partner channel since the launch. We believe this latest enhancement to our already robust offering will prove to be another differentiator in the industry, providing independent agents yet another reason to consider moving to the RELI Exchange platform. We plan to continue adding new products and services in the future, which we believe will further accelerate the growth of the platform, getting us closer to our ultimate goal of building RELI Exchange into the largest agency partner network in the country. Overall, we are highly encouraged by the rapid growth of the RELI Exchange platform, and our ability to add bolt-on services for new revenue streams. Given the limited float and strong fundamentals of our business we have no current plans for a reverse stock split and remain laser focused on driving shareholder value.”

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 is focused on both organic expansion, including 5minuteinsure.com and RELI Exchange, 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. In some cases, forward-looking statements can be identified by terminology such as “may,” “should,” “potential,” “continue,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” and similar expressions and include statements regarding providing agents on the RELI Exchange network with a potential new revenue stream accretive to the profitability of their existing businesses, the new referral partnership benefiting the RELI Exchange, the Company's agents and its customers, the RELI Exchange attracting new agency partners and providing them with the tools to make their businesses operate more efficiently and become more profitable, the latest enhancement to the Company's offering proving to be another differentiator in the industry and providing independent agents another reason to consider moving to the RELI Exchange platform, continuing to add new products and services in the future, accelerating the growth of the platform and building RELI Exchange into the largest agency partner network in the country. 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 and risk as and uncertainties related to: the Company's ability to provide agents on the RELI Exchange network with a potential new revenue stream accretive to the profitability of their existing businesses, the ability of the RELI Exchange to attract new agency partners and provide them with the tools to make their businesses operate more efficiently and become more profitable, the Company's ability to move independent agents to the RELI Exchange platform, the Company's ability to add new products and services in the future, accelerate the growth of the platform and build RELI Exchange into the largest agency partner network in the country, the Company's ability to generate the revenue as anticipated the Company's ability to maintain compliance with the NASDAQ listing requirements, and the other factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2021 and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K.. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.

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