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RELIANCE

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Reliance Global Group, Inc. Announces Nasdaq Listing and Pricing of $10.8 Million Public Offering

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


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Reliance Global Group Acquires Premier Regional Transportation Insurance Agency

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

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Reliance Global Group Announces LOI to Acquire National Insurance Agency With Over 145 Affiliated Offices Across 40 States

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/

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Reliance Global Group Provides Business Update and Files Financial Statements for the Second Quarter of 2020

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

Reliance Global Group Appoints Renowned Insurance Industry Executive Sheldon Brickman to Board of Directors

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

Reliance Global Group Projects Approximate 70% Increase in Sales for the Second Quarter of 2020 Versus the Same Period Last Year

LAKEWOOD, NJ, July 27, 2020 — via NEWMEDIAWIRE – Reliance Global Group, Inc. (OTCQB: RELI) (“RELI” or the “Company”), today reported that it anticipates revenue will increase approximately 70% for the second quarter of 2020 versus the same period last year. RELI expects to report its full results for the second quarter of 2020 and file its Form 10-Q with the Securities and Exchange Commission on or before August 15, 2020.

Ezra Beyman, CEO of Reliance Global Group, stated, “I am pleased to report that we believe revenue for the second quarter of 2020 increased approximately 70% over the same period last year. We achieved these strong results despite the nationwide COVID-19 pandemic, which illustrates the strength of our insurance agency strategy in any market environment. More specifically, we achieved growth, both organic and through acquisitions.

“Given our traction, I am pleased to announce that we are accelerating our insurance agency acquisition strategy. We are now in active discussions with potential significant acquisition targets that could fundamentally transform our business and provide us a comprehensive national platform. As stated previously, we are focused on acquiring accretive and undervalued agencies, whereby we can benefit from economies of scale. Each of these acquisitions also provides a long term, highly predictable and profitable revenue stream based on the expected life of the insurance policies.”

Mr Beyman continued, “We also plan to leverage our investment in Nsure.com, which will allow us to significantly reduce costs among our agencies by eliminating most of the back-office expense, thereby freeing up agents to focus their energies on driving sales versus the current regulatory and administrative burdens. We believe the synergies of this platform will provide us a distinct competitive advantage over other companies pursuing a digital insurance strategy. While several of these companies have multi-billion dollar valuations, achieved in record time, we believe that by combining the Nsure.com platform with ‘bricks and mortar’ acquisitions already in our pipeline, we have the potential to define a unique value proposition and potentially far superior offering. Overall, we believe we have built a highly scalable organization with enormous growth potential, while our insurance agencies are collectively generating positive cash flow on a standalone basis.”

“On the real estate front, we continue to identify multi-family properties for potential acquisition, however, we have remained highly disciplined as real estate prices fluctuate, and rather than chasing prices, we are pursuing this market cautiously and opportunistically in order to maximize and protect value for shareholders,” concluded Mr. Beyman.

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 Announces Filing of Form 10; Now a Fully Reporting Company with the Securities & Exchange Commission

LAKEWOOD, N.J., June 23, 2020 — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTCQB: RELI) (“RELI” or the “Company”), today announced that it has filed its Form 10 with the Securities & Exchange Commission.

Ezra Beyman, CEO of Reliance Global Group, stated, “The filing of our Form 10 is an important milestone for the Company. First, as a fully reporting company, we have the opportunity to attract a broader universe of institutional and other investors. Second, this is an important step towards our ultimate goal of listing on a national exchange. Third, as we are in active discussions regarding a number of potential real estate and insurance acquisitions, the fact we are now fully reporting provides greater transparency and reinforces our commitment to the highest levels of corporate governance. I would like to thank our staff, auditors, legal advisors and other team members for all their hard work to make this possible. We have now put in place a highly scalable financial and operational infrastructure that should support our anticipated growth for years to come.”

“Given our track record in the private sector, we believe our accelerated activities within the market are well timed, as we see more attractive opportunities emerging that are closely aligned with our strategy of acquiring undervalued and cash flow positive assets. We look forward to providing further updates on our commercial strategy as developments unfold.”

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 Reports Five-Fold Increase in Revenue to $2 Million for the First Quarter of 2020

LAKEWOOD, N.J., June 12, 2020 — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTCQB: RELI) (“RELI” or the “Company”), today reported financial results, that were reviewed by Mazars, for the first quarter of 2020. The complete financials of Q1 have been filed with OTC Markets and are available at OTCMarkets.com.

Ezra Beyman, CEO of Reliance Global Group, stated, “I am pleased to report revenue for the first quarter of 2020 increased five-fold to $2.0 million versus $366,000 for the same period last year. Importantly, our insurance agencies are collectively generating positive cash flow on a standalone basis and, as revenue continues to grow, we expect to significantly enhance profitability due to the scalability of our business model. Heading into the second quarter, our insurance agencies continue to perform well despite the ongoing pandemic. We believe this illustrates of the stability and growth potential of the insurance agency business in nearly any market environment. In addition, we continue to identify and plan to acquire additional, undervalued insurance agencies. At the same time, we are making progress through our investment in Nsure.com, and look forward to integrating the technology platform with our agencies to drive further efficiency.”

“On the real estate front, we continue to identify multi-family properties for potential acquisition. As discussed previously, late last year and into the early part of this year, we started to see significant price appreciation in real estate, to the point we felt that most of the properties we were evaluating did not justify the asking price. Rather than chasing these properties, we decided to wait for the market to cool off. While none of us could have predicted the COVID-19 pandemic, in hindsight, this turned out to be the right decision. We are now seeing more attractive valuations in the market and are in active negotiations on several properties that we believe have the potential to generate highly attractive returns. This coupled with historically low rates makes opportunities even more attractive. Overall, we remain highly encouraged by the outlook for the business and look forward to providing further updates.”

The Company is further pleased to note that this review was the final required report that is needed for the filing of our Form 10 which is in its final stage.

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 Inc. Announces its Strategic Partner Nsure.com Has Been Licensed to Operate and Sell Insurance in California

LAKEWOOD, NJ, June 04, 2020 — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTCQB: RELI) (“Reliance” or the “Company”) today announced that its strategic partner Nsure.com, America’s first licensed digital insurance agency®, has received a license to operate and sell insurance in the State of California. As a result, Nsure.com is now licensed in the States of Florida, Texas and California, with plans to further expand nationwide. Nsure.com is a licensed online insurance agency that utilizes state of the art digital technology to empower insurance consumers to compare rates across more than 40 top-rated insurance carriers and bind policies within minutes.

Wojtek Gudaszewski, CEO of Nsure.com, commented, “Thanks to the investment and alliance with Reliance, we have now added California to the states in which we are licensed. Importantly, California has the largest population in the United States. As a result, we are now licensed in the three most populous states in the nation, representing a significant portion of the total U.S. population, with plans to rapidly enter additional markets.”

Ezra Beyman, CEO of Reliance Global Group, stated, “This license in California is a major milestone for both Nsure.com and Reliance Global Group. In addition to the standalone potential of Nsure.com, there are significant synergies with our traditional ‘bricks-and-mortar’ agencies, which we expect will significantly reduce back-office expenses, as well as allow our agents to focus exclusively on selling new policies. As discussed on our conference call yesterday, we are pursuing an aggressive acquisition strategy within the insurance agency market, and Nsure.com is an important component of this strategy.”

About Nsure.com

Based in Florida, Nsure.com is the first all-digital licensed insurance agency that provides auto and home insurance via its secure website. Employing the most advanced data technology to track up-to-the-minute, real, not estimated, quotes from more than two dozen insurance carriers, Nsure.com enables customers to take complete control of the insurance buying process on their smartphones, tablets and computers. The company’s platform delivers a hassle-free experience, from a streamlined application process and instant quotes to no sales pitches and a simple renewal process that automatically updates quotes just prior to expiration so that customers can take advantage of the best rates and coverage possible.

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 Provides Business Update and Conference Call Reminder

Call to be held at 4:30 PM Eastern Time on Wednesday, June 3, 2020

LAKEWOOD, N.J., June 03, 2020 — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTCQB: RELI) (“RELI” or the “Company”), today provided an update for shareholders and reminder that it will host a conference call at 4:30 PM Eastern Time on Wednesday, June 3, 2020 (dial-in information below). The call will include a more detailed update on the Company’s progress, including its real estate and insurance strategies, which will be followed by a question and answer session.

Ezra Beyman, CEO of RELI, stated, “We look forward to hosting today’s conference call, in which we will provide an in-depth review and update on positive recent developments related to our real estate and insurance operations, as well as our financial improvement and ongoing M&A strategy. Our Form 10 documentation is also in the final stages with our auditors, and we will continue to update shareholders on the impending submission to the SEC. Overall, I am more encouraged than ever about the outlook for the company. I have personally funded the company over $5 million to date, and have an open program to fund employees to purchase the Company’s common shares in the open market, both of which illustrate my confidence in the outlook for the business.”

Mr. Beyman continued, “Looking ahead, we believe we are extremely well positioned given the diversification of our business model and believe the current market environment presents unique real estate opportunities at more favorable valuations. At the same time, we are also focused within the insurance sector, and given the fact we own agencies versus carriers, these businesses tend to be well insulated during periods of market volatility. Through our partnership with Nsure.com, we can significantly enhance the efficiency of our bricks-and-mortar agencies, as well as benefit from more favorable multiples as we evaluate future acquisition opportunities. Once again, I would like to thank shareholders for your confidence, trust, and support, and we look forward to sharing our plans for Reliance’s continued growth.”

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