NEWS + PRESS

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

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 — 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 — 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

Marks seventh successful agency acquisition in under 2 years

LAKEWOOD, NJ, Sept. 23, 2020 — via NewMediaWire — Reliance Global Group, Inc. (OTCQB: RELI) (“RELI” or the “Company”), today announced that it has acquired the assets of UIS Agency, LLC (UIS), a premier regional insurance agency serving the commercial transportation industry.

Ezra Beyman, CEO of Reliance Global Group, stated, “UIS is a perfect addition to our insurance agency portfolio, as they complement our existing holdings, which includes auto transport/towing, and commercial transportation insurance. Premium rates in the transportation sector have increased steadily in recent years, driven primarily by the trucking segment. UIS has been a leader in the field for over 20 years and brings established relationships with leading carriers to offer competitive rates for drivers and trucking companies, the life blood of our economy. We are excited to consummate our seventh successful agency acquisition in under 24 months, with a much larger pending acquisition underway and others in our pipeline.”

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

LAKEWOOD, N.J., Sept. 09, 2020 — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTCQB: RELI) (“RELI” or the “Company”), today announced a fully executed letter of intent (LOI) to acquire a national insurance agency. The acquisition is expected to close before the December 31, 2020 fiscal year end subject to certain closing conditions, with due diligence well underway.

Ezra Beyman, CEO of Reliance Global Group, stated, “We are excited to announce this planned acquisition, which we believe will be a true game changer for our business. Specifically, the target agency reports over 145 affiliated offices in approximately 40 states nationwide. In addition, they have established relationships with over 120 well-known local and national carriers. The target agency has experienced steady organic growth and is generating over $150 million in recurring annual premiums. In addition, the audited financials for the company reflect over $2.5 million in net income in 2019, and we anticipate the transaction will be immediately accretive to our earnings. Moreover, the combination of this target acquisition with the cash flow of our existing portfolio, should ensure very strong, positive cash flow of the combined entities going forward.”

“We have been working on this planned acquisition for several months and are in the process of an extensive due diligence review. We expect to achieve significant cost savings and other synergies as we integrate our organizations and leverage our existing nationwide infrastructure. We also expect to generate significant cost savings and efficiencies through our relationship with Nsure.com. Specifically, by implementing Nsure.com’s artificial intelligence, robotic process automation (RPA) and automatic search for best rates, our goal is to create a digitally empowered and scalable insurance agency model to reduce costs and allow agents to focus almost exclusively on selling new policies.”

“As I have stated in the past, we believe the insurance market is ripe for a strategic consolidation of undervalued agencies. The insurance broker/agency market in the U.S. for 2020 is valued at over $160 billion¹, and yet remains highly fragmented. Historically, insurance agencies have also remained quite stable in almost any economy, and do not bear insurance risk, making this an attractive market segment. We have a successful track record closing and integrating every previously announced insurance agency LOI, and this represents our most ambitious and meaningful acquisition to date.”

Mr. Beyman concluded, “As we continue to build scale and gain critical mass, we believe we expect to garner more attention on Wall Street. Notably, public companies in the InsureTech sector, such as Goosehead and Lemonade, have benefitted from what we view as attractive valuations. For this reason, we believe our unique ‘clicks and bricks’ approach will drive significant value for our shareholders.”

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

¹ https://www.ibisworld.com/industry-statistics/market-size/insurance-brokers-agencies-united-states/

LAKEWOOD, N.J., Aug. 14, 2020 — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTCQB: RELI) (“RELI” or the “Company”), today provided a business update for the second quarter of 2020. The complete financials for the second quarter of 2020 have been filed with OTC Markets and are available at OTCMarkets.com.

Ezra Beyman, CEO of Reliance Global Group, stated, “As previously announced, we achieved solid year-over-year growth for the second quarter of 2020, reflecting the strength of our insurance agencies, despite the impact of the pandemic. These agencies are collectively generating positive cash flow on a standalone basis, which is reflected in the improvement in our cash flow from operations for the six months ended June 30, 2020 compared to the same period last year. As we continue to grow revenues and gain further operating leverage, we expect to see continued improvement in our cash flow and profitability. Towards this end, and given our successful acquisitions to-date, we are now accelerating our strategy by targeting significantly larger insurance agencies that will rapidly expand our national footprint. We have already identified several attractive targets that meet our investment criteria and would provide even greater economies of scale. Aside from these larger acquisitions, we are also in the process of closing an acquisition of a niche transportation insurance agency to complement our existing portfolio. In addition, we look forward to leveraging the Nsure.com digital platform to further enhance the efficiency and profitability of our agencies.”

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

LAKEWOOD, N.J., Aug. 04, 2020 — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTCQB: RELI) (“RELI” or the “Company”), today announced the appointment of senior insurance industry executive, Sheldon Brickman, as an independent member of the Company’s Board of Directors. Mr. Brickman replaces David Lazar who has resigned due to personal commitments. As a result, the Board of Directors consists of 5 members, including 3 independent directors.

Mr. Brickman is the founder and president of Rockshore Advisors LLC, which provides a range of advisory services, including traditional mergers & acquisitions services, due diligence, valuations and strategic consulting. Mr. Brickman brings over 25 years of M&A advisory and business development experience, having overseen more than $40 billion in deal value. He has worked for numerous multibillion dollar insurance carriers, including assignments for companies as AIG, Aetna and National General. Mr. Brickman has assisted international companies (UAE, UK, Asia and Latin America), start-up operations, and regional insurance carriers. Mr. Brickman’s experience covers the property casualty and life/health markets, including work with insurance carriers, managing general agencies, wholesalers, retailers and third party administrators.

Prior to starting Rockshore Advisors, he served as Head of International M&A and Business Development for Aetna International. He previously worked at AIG for more than 17 years in various executive level M&A and business development positions around the world where he was responsible for buying and selling numerous businesses on behalf of the company. Before joining AIG, Mr. Brickman spent four years at Hanwa Company LTD, a Japanese investment Company, and three years at the international accounting firm of Deloitte & Touche. Mr. Brickman received his Bachelor of Science in Accounting from Brooklyn College and is a Certified Public Accountant in New York State.

Ezra Beyman, CEO of Reliance Global Group, stated, “Sheldon is an outstanding addition to our board of directors as we rapidly accelerate our strategy to become the nation’s leading ‘clicks and bricks’ insurance company. Specifically, he brings extensive M&A, due diligence, and valuation experience, having represented a diverse mix of insurance, underwriting, risk management, and fintech-related businesses. Importantly, we have recognized an enormous and untapped market opportunity within the insurance industry, which we intend to capitalize on through our partnership with Nsure.com, combined with an aggressive acquisition strategy. The insurance agency market is overdue for disruption, as well as consolidation, and we look forward to Sheldon’s contributions as a member of the board. I’d also like to thank David Lazar for his contributions, and we wish him well in his future endeavors.”

Mr. Brickman noted, “I am excited to join Reliance at this exhilarating time in the Company’s evolution. Specifically, by acquiring undervalued insurance agencies and leveraging Nsure.com’s advanced digital platform, Reliance is uniquely positioned to upend the insurance agency 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