NEWS + PRESS

LAKEWOOD, NJ, April 27, 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 Texas. As previously announced in February, Reliance invested $1 million into Nsure.com, representing the first in a series of planned investments, expected to total $20 million, at which time, Reliance Global Group would own 35% of Nsure.com with an option to acquire an additional 5%, bringing the total to 40% of Nsure.com.

Nsure.com is a licensed online insurance agency that utilizes state of the art digital technology and represents over 40 top-rated insurance companies. Nsure.com’s mission is to empower insurance consumers by helping them choose the best carriers and policies. Nsure.com has a recurring revenue model that includes annual commissions on all policies and renewals. Nsure.com currently operates within the state of Florida with plans to expand nationwide.

Ezra Beyman, CEO of Reliance Global Group, stated, “I’d like to congratulate Nsure.com on receiving their insurance license in Texas, which allows them to operate and sell insurance across the state. As more commerce moves online, especially during the COVID-19 pandemic, Nsure.com is ideally positioned within the insurance market. Nsure.com helps consumers see, from the comfort of their home or office, exact comparisons among multiple insurers, calculate their average savings for their policy needs, and help them feel confident they are getting the correct level of insurance for their home or auto. By utilizing Nsure.com’s proprietary backend processing technology to support our traditional agency business, we also believe we can dramatically reduce costs among our bricks and mortar agencies, and allow our agents to focus on selling new policies, creating a digitally empowered and scalable insurance agency model.”

Mr. Beyman continued, “Clearly, these activities do not detract from our focus on the real estate front, as evidenced by our recent appointment of key personnel, or our strategy to acquire independent insurance agencies. In fact, we believe these strategies are highly synergistic and are ideally suited for growth in any market environment. Towards that end, we are seeing particularly attractive opportunities in the real estate market that have not been available in past years, which we look to capitalize on in the near future.”

Wojtek Gudaszewski, CEO of Nsure.com, commented, “Thanks to the investment and partnership with Reliance, we are rapidly entering new markets, expanding our participating insurance carriers, and adding personnel to support our growth. Currently, the US personal home and auto insurance market is valued at approximately $340 billion in annual premiums and more than $34 billion in recurring annual insurance agency commissions. We estimate that a mere 10% of the market is now online. Now that we are licensed in Texas, we look forward to establishing our presence within the state, with near-term plans to enter additional markets. Our goal remains to rapidly establish a nationwide footprint, in order to position Nsure.com as the premier nationwide provider of online insurance.”

RELI also reported that it is very close to completing its audit, at which time it plans to file the form 10-K with the U.S. Securities & Exchange Commission.

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

LAKEWOOD, NJ, March 27, 2020 — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTCQB: RELI) (“RELI” or the “Company”), today reported that the Company has completed the audit of its wholly owned Fortman Insurance Agency subsidiary (“Fortman”). The 2017 and 2018 financial results for Fortman Insurance, which precede the acquisition by Reliance, will be posted on the Company’s website. The 2019 results will be included in the consolidated financials within the Company’s Form 10-K, which is expected to be filed shortly.

Ezra Beyman, CEO of Reliance Global Group, stated, “We are delivering on our promise by completing the audits for each of our subsidiaries. We are near completion of the audits for the final remaining subsidiary. Upon completion of each of the audits, we will file our Form 10-K to become fully reporting with the Securities and Exchange Commission. Despite the current havoc in the markets, our insurance agencies are performing well and we are starting to see a more favorable real estate market, which we believe will allow us to take advantage of opportunistic acquisitions.”

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, NJ, March 19, 2020 — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTCQB: RELI) (“RELI” or the “Company”)today reported that in light of the current situation, the Company’s CEO, Mr. Ezra Beyman, has announced plans to personally fund employees to purchase the Company’s common shares in the open market through a cash gift. The program will allow for up to a maximum of 1,000,000 shares to be purchased by employees under the guidelines of the Program.

Ezra Beyman, CEO of Reliance Global Group, stated, “The global health concerns related to the COVID-19 pandemic are real and we urge all Americans to follow necessary precautions. As previously announced, we are taking our own steps to protect employees and ensure business continuity. Nevertheless, business goes on and I am more encouraged than ever by the outlook for Reliance. I am especially grateful for the hard work and dedication of our employees during these challenging times. For this reason, I’m pleased to personally fund our employees to purchase up to 1 million of the Company’s shares.

“Overall, we are extremely well positioned given the diversification of our business model. The current market may present unique real estate opportunities within a more favorable interest rate environment. Given this landscape, we are well positioned to take advantage of opportunities in the marketplace as they arise. At the same time, we have our focus as well 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. Moreover, 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. Our alignment with Nsure.com will also allow us to participate in the tremendous inherent upside as more of the insurance industry moves online. I strongly believe this is an industry ripe for disruption, just like hundreds of industries before, such as online shopping. I encourage everyone to exercise prudence and caution during these difficult times, but don’t lose sight of the ingenuity and resilience of the American people.”

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., March 19, 2020 — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTCQB: RELI) (“RELI” or the “Company”), today reported that the Company has completed the audit of its wholly owned Southwestern Montana Insurance subsidiary. The Company is moving rapidly to complete the audit of each of its subsidiaries, which are expected to be completed shortly.

Ezra Beyman, CEO of Reliance Global Group, stated, “We are making rapid progress in completing the audits for each of our subsidiaries. The 2017 and 2018 financial results for Southwestern Montana Insurance, which precedes our acquisition, have now been posted on our website. The 2019 results will be included in the consolidated financials within our Form 10-K, which will be filed upon completion of all the audits. We look forward to becoming fully reporting with the Securities and Exchange Commission, an important stepping stone towards our planned listing on a national exchange.”

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, NJ, March 16, 2020 — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTCQB: RELI) (“RELI” or the “Company”), today provided the following update to shareholders.

Ezra Beyman, CEO of Reliance Global Group, stated, “In light of the global pandemic, I’d like to reassure our customers and shareholders that our businesses have been uninterrupted and we have taken precautions to protect our employees and ensure business continuity. Importantly, we believe our aggressive move into the insurance sector was timely, considering this market has historically been insulated from economic cycles. Moreover, we believe the current interest rate environment will ultimately benefit our multi-family real-estate strategy. Most important, we are committed to the health and safety of our employees, and are eternally grateful for the hard work of the local, state and federal employees, as well as healthcare workers and others on the front lines working tirelessly to ensure the safety and wellbeing of citizens around the country.”

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., March 12, 2020 — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTCQB: RELI) (“RELI” or the “Company”), today announced that the Company has appointed Mazars USA LLP, a leading accounting, tax and consulting firm in the United States, as the Company’s new independent registered public accounting firm.

Ezra Beyman, CEO of Reliance Global Group, stated, “We are pleased to announce the recent appointment of Mazars USA, a nationally recognized accounting firm, as our new audit firm. Mazars USA is part of Mazars Group, which has over 40,000 professionals around the world in more than 90 countries. We believe this appointment is timely in light of the growth we have experienced, the addition of our new digital insurance strategy in partnership with Nsure.com, as well as our anticipated expansion both within the insurance and real estate verticals. Importantly, they have the resources, national footprint and sector expertise to support our aggressive acquisition plans. As previously reported, our 2019 audits are well underway with Mazars, and will be posted as they are completed. We would also like to thank Friedman, LLP for their guidance, expertise and support.”

Mazars USA replaces Friedman, LLP, as the Company’s independent auditor. There were no disagreements or unresolved issues with Friedman, LLP. The appointment of Mazars has been approved by the Board of Directors.

About Mazars USA

Mazars USA LLP is a high-performing accounting, tax and consulting firm with significant national presence in strategic U.S. geographies. Since 1921, our dedicated professionals have leveraged technical industry expertise to develop customized solutions for clients, create value, and Optimize their performance. We offer a broad array of industry specialists providing services to growth-oriented enterprises and individuals. As the independent US member firm of Mazars Group, we deliver seamless access to the expertise of more than 40,000 professionals in over 90 countries. At local and global levels, we are proud of our value-added services, building lasting relationships with our clients and communities. For more information, visit us at www.mazarsusa.com.

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., March 10, 2020 — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTCQB: RELI) (“RELI” or the “Company”) today announced the appointment of Josh Colter as Chief Investment Officer & Head of U.S. Real Estate, effective March 10, 2020. Mr. Colter will be responsible for spearheading new acquisitions and dispositions, overseeing the underwriting process, developing capital partner relationships, and will manage the real-estate portfolios that will be purchased by Reliance Global Group.

Mr. Colter brings over 15 years of domestic and international real estate, private equity, and M&A advisory experience, including having closed more than $1.2 billion of multifamily acquisitions over the past five years. Most recently, Mr. Colter served as Director of Acquisitions & Finance at Robbins Property Associates, a full-service owner-operator of multifamily properties. Previously, Mr. Colter served as Managing Director for Lloyd Jones Capital, a private equity real estate investment, development & management company specializing in multifamily and senior housing. His background with sponsor/operators includes principal investing, asset management, acquisitions, and JV structuring with family offices and institutional groups. His experience includes roles with Exane BNP Paribas, Consultiva, Tavira Monaco SAM, Broad Street Securities Group and Bear Stearns. He graduated from the University of Central FL (B.S.) with a triple concentration in Finance, Accounting, & Economics, and completed a double master’s degree program (MSc) in Financial Economics and Risk & Investment Management from EDHEC Business School in France. Additionally, he is a Young Founder & President of the Mt. Sinai Foundation in Miami Beach, FL.

Ezra Beyman, CEO of Reliance Global Group, stated, “Josh is an outstanding and timely addition to the senior management team. Having closed over $1.2 billion in multifamily acquisitions over the past 5 years alone, his experience will be invaluable in accelerating the growth of our multifamily real estate portfolio. Moreover, his involvement within our real estate segment will allow us to allocate greater resources towards our acquisition/roll-up strategy within the insurance segment. Importantly, we believe our business model brings together the best of two worlds. First, we believe multifamily properties represent the most attractive asset class within the real estate market at this time, with the potential to generate highly attractive returns. At the same time, insurance is a very secure and predictable asset class, especially during volatile markets. By utilizing the Nsure.com platform to drive efficiencies and cost savings within our insurance agency portfolio, we believe we have developed a finely tuned business model that has the potential to drive significant shareholder value for years to come.”

The Company also reported that it is making progress on the 2019 audits, as previously announced, and expects to provide further updates shortly.

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, NJ, Feb. 26, 2020 — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTCQB: RELI) (“RELI” or the “Company”), today announced that Ezra Beyman, Chief Executive Officer of Reliance Global Group, appeared on Proactiveinvestors.com to discuss the Company’s holdings, as well as its latest strategic partnership and investment into Nsure.com, America’s first licensed digital insurance agency®.

The segment can be viewed on the Proactiveinvestors.com website.

Ezra Beyman, CEO of Reliance Global Group, stated, “We appreciate this opportunity to share our vision for Reliance following our recently announced strategic partnership and investment into Nsure.com, which we believe marks a major catalyst and inflection point for our business. The US personal home and auto insurance markets alone are valued at approximately $340 billion in annual premiums with a mere 10% of the market now online. I truly believe this partnership has the potential to disrupt and transform the insurance sector like so many industries before, as the insurance market migrates from offline to online. We also look forward to utilizing Nsure.com’s proprietary backend processing technology to support our traditional agency business, which is expected to drive further efficiencies and cost reductions. We look forward to unveiling additional details related to our digital strategy in the months ahead, while continuing to execute on our M&A strategy in the real estate and insurance sectors. Towards this end, we look forward to participating in upcoming investor conferences, conducting open investor conference calls followed by a Q&A session, and taking advantage of other venues to increase our exposure within the investment community.”

Proactiveinvestors is a leading multi-media news organization, investor portal and events management business with offices in New York, Sydney, Toronto, Frankfurt and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of listed companies across the globe daily.

We would also like to note that the audits currently in progress for the remaining insurance subsidiaries are coming to a close and they will be posted once complete.

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

Nsure.com poised to disrupt $340 billion home and auto insurance market

LAKEWOOD, NJ, Feb. 20, 2020 — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTCQB: RELI) (“Reliance” or the “Company”), today announced that it has formed a strategic partnership with Nsure, Inc. (“Nsure.com”), America’s first licensed digital insurance agency®, and has consummated a $1 million direct investment representing the first in a series of planned investments, expected to total $20 million, at which time, Reliance Global Group would own 35% of Nsure.com with an option to acquire an additional 5%, bringing the total to 40% of Nsure.com. In connection with the strategic partnership, Nsure.com will provide back-end support for Reliance’s agency business, which is expected to drive significant efficiencies and cost reductions.

Nsure.com is a licensed online insurance agency that utilizes state of the art digital technology and represents over 30 top-rated insurance companies. Nsure.com’s mission is to empower insurance consumers by helping them choose the best carriers and policies. Nsure.com has a recurring revenue model that includes annual commissions on all policies, including renewals. Nsure.com currently operates within the state of Florida with plans to expand nationwide through the strategic partnership with RELI. Key benefits of the Nsure.com platform include:

• Simplified application process – Nsure.com uses artificial intelligence and other advanced technologies to mine multiple data sources and auto-fill complicated insurance applications, e.g. home characteristics: construction type, roof shape, roof covering, foundation type, flood zone, etc.
• Real-time connection with over 30 top-rated insurers allows consumers to transparently compare real, not estimated, quotes from multiple insurers side-by-side.
• Instant accurate coverage recommendations for home and auto insurance, providing consumers confidence they are not under or over-insured.
• In-house insurance buying/policy binding capabilities means no redirection to other websites and ability to finalize purchases on Nsure.com in as little as five minutes.
• Free and secure account enables 24/7 access to quotes, policies and other documents.
• When it’s time for a policy renewal, Nsure.com automatically informs customers about the best offers in the market before their policy expires.

Nsure.com has a team of licensed insurance agents available to answer any questions, and guide clients through the claims process. These agents are not salespeople, but rather licensed specialists trained to help customers with any insurance question.

Ezra Beyman, CEO of Reliance Global Group, stated, “We believe this strategic investment and partnership with Nsure.com will be a transformative event for the Company for two key reasons. First, we believe our equity investment into Nsure.com has the potential to drive massive value for our shareholders. Being on the front lines of the insurance agency business, we recognize that this is a market ripe for disruption like so many industries before, such as online shopping, online travel, etc. However, given the inherent regulatory hurdles, the insurance industry has been slow to adapt-until now. We conducted extensive due diligence into Nsure.com, and believe their technology addresses all the key hurdles necessary for consumer adoption. Nsure.com has developed proprietary technology that makes it quick and easy for consumers to compare and buy insurance online, enabling them to save time and money. The US personal home and auto insurance market is valued at approximately $340 billion in annual premiums and more than $34 billion in recurring annual insurance agency commissions. We estimate that a mere 10% of the market is now online. As this market migrates from offline to online, we believe Nsure.com will be at the forefront of the industry. Moreover, the current insurance purchasing processes is time consuming and lacks transparency. It is estimated that Americans overspend for their home and auto insurance by $30 billion annually. Most of the current online sites are simply lead generators, which result in false insurance quotes, constant spam and aggressive sales pitches. Consumers are looking for a partner website they can trust. For this reason, we look forward to working closely with Nsure.com to help foster their success and drive value for both consumers and our shareholders.

“The second key benefit of this transaction is that we will now be able to utilize Nsure.com’s proprietary backend processing technology to support our traditional agency business. Specifically, we can focus on growing revenues, by acquiring traditional ‘offline’ home and auto agencies, while Nsure.com can more cost effectively service the acquired policies. By implementing artificial intelligence, robotic process automation (RPA) and automatic shopping for best rates at renewals, we believe we can dramatically reduce costs, and allow our agents to focus on selling new policies, creating a digitally empowered and scalable insurance agency model. Through continued M&A of cash flow positive and accretive acquisition, we look forward to rapidly expanding our network nationwide. We believe the competitive advantages offered by aligning with Nsure.com will support our accelerated growth and drive massive value creation.”

“Our Florida customers love Nsure.com because of the exceptional ‘Amazon-like’ insurance shopping experience. This planned $20M financing from Reliance will be used to fuel Nsure.com’s nationwide expansion, with a goal to establish a strong presence in markets covering more than 80% of U.S. population by the end of 2021,” said Wojtek Gudaszewski, CEO of Nsure.com. “This investment partnership is also timely, as the insurance sector is undergoing rapid transformation. According to FT Partners report, in 2019 total financings within the insurance technology marketplace reached $4.4 billion, representing 76% growth over the same period last year. Companies like Hippo Insurance, Lemonade and Root have each surpassed $1 billion valuations. We look forward to deploying this capital towards accelerating product development, expanding our team, building partnerships with mortgage originators and acquiring new customers.”

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

LAKEWOOD, N.J., Feb. 13, 2020 — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTCQB: RELI) (“RELI” or the “Company”), today announced that it has entered into a binding agreement, whereby the Company will form a strategic partnership and make a direct investment into a first-in-kind digital insurance agency. The agreement is subject to certain closing conditions.

Ezra Beyman, CEO of Reliance Global Group, stated, “We are on the cusp of consummating a potentially transformative event for the Company. We have the necessary funds in hand to complete the first phase of the transaction, which is expected to close imminently, and look forward to providing further details that we believe will illustrate how significant this event may be for RELI. Just as other brick-and-mortar industries have been disrupted through digital technologies, the insurance sector is widely anticipated to be one of the next to follow. In addition to our strategic investment, we look forward to coupling this technology platform with our growing portfolio of cash flowing insurance agencies, which should further enhance our efficiency and profitability.”

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