NEWS + PRESS

LAKEWOOD, NJ, Dec. 12, 2019 — via NEWMEDIAWIRE —Reliance Global Group, Inc. (OTC: RELI) ( “RELI” or the “Company”), today announced that Scott Korman has joined the Company’s Board of Directors.

Mr. Korman currently serves as President of Nashone, Inc., a private equity firm, which he founded in 1984. In this role, Mr. Korman is involved in financial advisory, M&A, and general management assignments. He is a founder and Managing Partner of Convergence Merchant Bank, as well as founder and CEO of Illumina Radiopharmaceuticals LLC, CEO of Red Mountain Medical Holdings, Inc., and founder of CDx Medical Holdings, Inc. Mr. Korman previously served as Chairman of Da-Tech Corporation, a Pennsylvania based contract electronics manufacturer and as Chairman and CEO of Best Manufacturing Group LLC, a leading manufacturer and distributor of uniforms, napery, service apparel, and hospitality and healthcare textiles. Mr. Korman also served as President and CEO of Welsh Farms Inc., a full-service dairy processor and distributor of milk, ice cream mix and ice cream products. Mr. Korman received a B.S. degree in Economics from the University of Pennsylvania Wharton School. He has served as a member of the Board of Directors of Tofutti Brands, Inc. since December 2011, and advises companies including Damina Advisors, CFO Squad, Beis Capital LLC and Cinch Delivers LLC. He also serves on the boards of various not-for-profit groups and was the founder of the Englewood Business Forum.

Ezra Beyman, CEO of RELI, stated, “As a successful private equity investor, CEO, and advisor to numerous companies, we are delighted to welcome Scott to the Board of Directors. He brings extensive financial, operational, M&A, and capital markets experience, all of which we believe will benefit Reliance as we execute our strategy to acquire undervalued and accretive businesses that leverage our national infrastructure and core expertise within the real estate and insurance markets. Moreover, as an independent board member, his appointment brings us another step closer towards our goal of listing on a national stock exchange.”

About Reliance Global Group, Inc.

Reliance Global Group, Inc. (OTC PINK: RELI) is moving forward with its goal to operate as a holding company in the real estate and insurance brokerage sectors, 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 Jersey-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., Nov. 19, 2019 — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTC: RELI) (“RELI” or the “Company”), today announced that Reliance Global Holdings LLC (“Reliance LLC”), RELI’s affiliated privately-owned LLC, has completed due diligence on its previously announced LOI to acquire a 260 unit multi-family property, and executed the contract to acquire these properties. Reliance LLC is formally under contract and has released from escrow all deposited funds. RELI intends to complete the acquisition of the first 117 units in January 2020. Once completed, this will be RELI’s first acquisition in the real estate sector.

The properties consist of approximately 260 total planned apartment units located in a strong market on the East Coast. Construction of the first 117 units was completed in 2017 and is 97% occupied. The second phase of construction, consisting of 143 apartment units, is expected to be completed mid-2020. All of the completed units have been pre-leased, subject only to total completion of construction. RELI intends to acquire the remaining 143 units promptly after construction has been completed.

Ezra Beyman, CEO of RELI, stated, “We are pleased to announce the execution of the Contract to acquire these premier properties and will provide further updates upon completion each phase of the transaction. We were attracted by the high occupancy rate and growth in the area. This acquisition, combined with our previously announced PSA to acquire 176 apartment units located in the Central region of the US, is strong validation of our business model to acquire undervalued multi-family properties with sustainable cash flows in attractive markets.”

About Reliance Global Group, Inc.

Reliance Global Group, Inc. (OTC PINK: RELI) is moving forward with its goal to operate as a holding company in the real estate and insurance brokerage sectors, 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 Jersey-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, Oct. 29, 2019 — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTC: RELI) (“RELI” or the “Company”), today announced that Reliance Global Holdings LLC (“Reliance LLC”), RELI’s affiliated privately-owned LLC, has signed a Letter of Intent (LOI) to acquire a multi-family property for a purchase price of $15.2 million.

The property consists of 176 apartment units, built in the late 1990s, located in a strong market in the central region of the US. The property currently has a high 95% occupancy rate.

Upon completion of the acquisition, RELI anticipates completing an SEC-compliant audit of this multi-family property, to enable it to become an important component of the assets and business of RELI when the Company becomes a SEC-reporting issuer again.

Additionally, RELI is pleased to announce an update to its previously announced PSA on October 2, 2019, pursuant to which Reliance LLC agreed to acquire two contiguous Class A multi-family properties for a total purchase price of $42.5 million. The Company is nearing the end of its third-party’s due diligence review, and the preliminary results have surpassed our current underwriting.

Ezra Beyman, CEO of RELI, stated, “We are pleased to announce execution of the LOI to acquire these premier properties and will provide further updates upon completion of the transaction. We were attracted by the high occupancy rate and growth in the area. This latest LOI, combined with our previously announced SPA to acquire 260 apartment units located on the East Coast, are strong validation our business model to acquire undervalued properties with sustainable cash flows in attractive markets.”

About Reliance Global Group, Inc.

Reliance Global Group, Inc. (OTC PINK: RELI) is moving forward with its goal to operate as a holding company in the real estate and insurance brokerage sectors, 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 Jersey-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., Oct. 02, 2019 — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTC: RELI) (“RELI” or the “Company”), today announced Reliance Global Holdings LLC, (“Reliance LLC”), RELI’s affiliated privately-owned LLC, has executed the purchase and sale agreement to acquire two contiguous Class A multi-family properties for a total purchase price of $42.5 million, following the signing of the letter of intent, as previously announced on August 19, 2019.

The properties consist of approximately 260 apartment units located in a strong market on the East Coast. The first phase of construction, which consists of 117 units, was completed in 2017, and is 97% occupied. The second phase of construction, consisting of 143 apartment units, is expected to be completed mid-2020, and all of the completed units have been pre-leased, subject only to total completion of construction.

As previously announced, Reliance Global Holdings, LLC transferred $250,000 to RELI, which has been used as the initial down payment due upon execution of the purchase agreement; that $250,000 has now been transferred by RELI to the escrow agent, in anticipation of the closing of the purchase.

Closing of the purchase of the properties is subject to satisfactory completion of final due diligence, and bank financing, which is in progress. Upon completion of the acquisition, RELI anticipates completing an SEC-compliant audit of these multi-family properties, to enable them to become a component of the Company’s assets and business, when RELI becomes a SEC-reporting issuer again.

If for any reason the SEC-compliant audit is delayed, after the acquisition of the properties by Reliance LLC, it is nevertheless RELI management’s clear intention to cause Reliance LLC to contribute to RELI the ongoing profits generated by these two properties, on a permanent basis. Upon completion of the audit Reliance LLC will then contribute the properties to RELI.

Ezra Beyman, CEO of RELI, stated, “We are pleased to announce execution of the purchase and sale agreement to acquire these premier properties, and will provide further updates upon completion of the transaction. We were attracted by the high occupancy rate and job growth in the area. Overall, we remain extremely encouraged by the outlook for the business as we aggressively build our portfolio of undervalued properties with sustainable cash flows in attractive markets.”

About Reliance Global Group, Inc.

Reliance Global Group, Inc. (OTC PINK: RELI) is moving forward with its goal to operate as a holding company in the real estate and insurance brokerage sectors, 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 Jersey-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, Sept. 10, 2019 — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTC: RELI) (“RELI” or the “Company”), is pleased to announce that it has completed the acquisition of Altruis Benefit Consulting. The acquisition follows a letter of intent between the parties as previously announced on May 8, 2019.

Headquartered in Bingham Farms, Michigan, Altruis serves customers throughout the entire State of Michigan, specializing in providing individual and group health insurance. Altruis generated revenue of approximately $2.5 million in 2018. The transaction was completed through a combination of $1.4 million of cash, provided by Reliance Global Holdings, LLC, a Company controlled by Ezra Beyman, CEO of RELI, as well as $4.1 million debt from an unaffiliated lender, and the issuance of approximately 11.9 million shares of restricted stock. Insurance agencies, as opposed to carriers, bear no insurance risk.

The Company further announces that it has transferred into RELI both Southwestern Montana Insurance, a group health insurance company providing employee benefits insurance to groups and individuals, as well as Fortman Insurance Agency, LLC, which provides personal and commercial insurance lines. As previously announced in April and May 2019, respectively, Southwestern Montana Insurance and Fortman Insurance Agency, LLC, had been acquired by the Company’s affiliate, Reliance Global Holdings LLC. Reliance Global Holdings LLC has transferred its ownership in the two companies to RELI, in exchange for approximately 14.8 million shares of restricted common stock. Southwestern Montana Insurance and Fortman Insurance Agency, LLC collectively generated approximately $3.1 million of revenue in 2018.

Ezra Beyman, RELI’s CEO, stated, “We continue to aggressively execute on our acquisition strategy in the insurance agency sector. Since taking over control of RELI in September of 2018, we are now operating at a revenue run in excess of $7 million and have made acquisitions in excess of $16 million. In addition, we have identified numerous additional acquisitions to help further scale the business. Overall, we remain committed to identifying undervalued, and accretive transactions that leverage our national infrastructure and core expertise within the real estate and insurance markets.”

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.

Company Contact:

Crescendo Communications, LLC

Tel: +1 (212) 671-1020

Email: RELI@crescendo-ir.com

LAKEWOOD, N.J., Aug. 19, 2019 — Reliance Global Group, Inc. (OTC: RELI) (“Reliance,” “RELI” or the “Company”), today announced it has signed a Letter of Intent (LOI) to acquire a Class A multi-family property for a purchase price of $42.5 million. The property consists of approximately 260 apartment units. The first phase of construction, completed in 2017, is 97% occupied. The second phase of construction is expected to be completed in 2020, and all of the completed units have been pre-leased, subject only to total completion of construction.

The Company also announced that its affiliated privately-owned entity, Reliance Global Holdings, LLC, has transferred $250,000 to RELI, which is to be used as the initial down payment due upon execution of the purchase agreement.

Upon completion of the acquisition, RELI anticipates completing an SEC-compliant audit of this multi-family property, to enable it to become a significant component of the assets and business of RELI when it becomes a SEC-reporting issuer again.

Ezra Beyman, CEO of Reliance Global Group, stated, “We are excited to announce the planned acquisition of this premier property. This acquisition is consistent with our strategy of acquiring undervalued properties with sustainable cash flows in attractive markets. The property is ideally located in an area experiencing strong job growth. This is reinforced by the 97% occupancy rate in the first phase of the project, as well as the fact that the second phase is already 40% leased and over 100% pre leased upon completion of construction. We look forward to providing further updates as the project progresses.”

About Reliance Global Group, Inc.

Reliance Global Group, Inc. (OTC PINK: RELI) is moving forward with its goal to operate as a holding company in the real estate and insurance brokerage sectors, 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 Jersey-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.

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SOURCE Reliance Global Group, Inc.

LAKEWOOD, N.J., Aug. 14, 2019 — Reliance Global Group, Inc. (OTC: RELI) (“Reliance” or the “Company”), today provided a business update and reported financial results for the second quarter ended June 30, 2019. The Company also reported that its new corporate website is live and available at www.relianceglobalgroup.com.

Ezra Beyman, CEO of Reliance Global Group, stated, “I am pleased to report we are making tremendous progress on a number of fronts. Our affiliated privately-owned entity, Reliance Global Holdings, LLC completed the previously announced acquisition of Fortman Insurance Agency, LLC, as well as Southwestern Montana Insurance Agency. We are also on track to complete the previously announced acquisition of another independent insurance agency, this one focused on employee benefits, in the third quarter of 2019, which we expect will further enhance our presence within the employee benefits sector. Upon completion of this latest acquisition, we expect to roll the Fortman Insurance Agency, as well as Southwestern Montana Insurance Agency and the agency which specializes in employee benefits, into Reliance Global Group. Upon completion of these three acquisitions by Reliance Global Group, we expect the annual revenue run rate of our combined agency business to be nearly $5 million, and cash flow positive.”

“These transactions are consistent with our strategy of acquiring growing, cash flow positive insurance agencies, where we can help drive top-line growth and improved profitability by leveraging our national infrastructure, first-class technology and our national sales and marketing platform. Towards this end, we recently acquired The Referral Depot (TRD), a software-based referral program created exclusively for the insurance industry. TRD’s easy-to-use software streamlines the process for third-party insurance professionals to refer business, including policies they are unable to write, to Reliance Global Group or its affiliates for a commission split or other incentive.”

“In the real estate sector, our goal is to acquire multifamily properties totaling in excess of $500 million in appraised value within 1-2 years. Specifically, we are targeting properties priced below market with opportunities to maximize rent revenue. Once acquired, we are able to utilize our management expertise to derive increased cash flow from the properties. When a particular property achieves our capital appreciation targets, we may sell the property to capitalize on the higher value. Following this disciplined strategy, the principals of Reliance have successfully generated attractive risk-adjusted returns for the past 30 years.”

“Finally, we are making rapid progress completing the audit of our financial statements to become fully reporting with the U.S. Securities and Exchange Commission, which we expect to finish during Q4 2019. The June 30, 2019 quarter’s results include the high public company costs as well as expansion costs; however, upon integration of the acquisitions, we expect to generate meaningful economies of scale and positive cash flow. Our goal remains to list on a national exchange as soon as possible thereafter. I am also pleased to report we have now moved into our new corporate headquarters in a beautiful Class A office building in Lakewood, NJ and we invite our shareholders to schedule an appointment to visit and meet with management. Overall, we are extremely encouraged by the outlook for the business and look forward to providing further updates.”

About Reliance Global Group, Inc.
Reliance Global Group, Inc. (OTC PINK: RELI) is moving forward with its goal to operate as a holding company in the real estate and insurance brokerage sectors, 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 Jersey-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.

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SOURCE Reliance Global Group, Inc.

LAKEWOOD, N.J., Aug. 2, 2019 — Reliance Global Group, Inc. (OTC: RELI) (“RELI” or the “Company”), announces it has acquired The Referral Depot (TRD), a software-based referral program created exclusively for the insurance industry. As previously announced in November 2018, the Company had entered into an exclusive partnering agreement with TRD. TRD’s easy-to-use software streamlines the process for third-party insurance professionals to refer business, including policies they are unable to write, to Reliance Global or its affiliates for a commission split or other incentive.

Ezra Beyman, CEO of Reliance Global Group, stated, “Since November, we have extensively tested and rolled-out the software to verify the merits of this one-of-a-kind referral program. We are now offering this software at no charge and have been extremely pleased with the positive uptake among third-party insurance professionals across the U.S., who have begun to refer business to Reliance Global Group’s insurance agencies. Specifically, we have already onboarded agents across Michigan, Colorado, Louisiana, California, Florida and Texas. Year to date, our US Benefits Alliance subsidiary has added 70 referral agents in Michigan alone, and is looking to double this count leading up to the busiest time of the year, this fall, where over 85% of all new business is written.”

“With the acquisition now complete, we look forward to aggressively rolling out the TRD software across the U.S., as agents see the advantage of using this free software as compared to expensive insurance lead programs and mailers that typically don’t generate more than a 20% close rate. The historical closing rate with TRD is 53%; a stunning 165% higher return than the typical expensive lead program.”

Mr. Beyman concluded, “I am also pleased to report that within the third quarter, we expect to complete the previously announced acquisition of an independent insurance agency focused on employee benefits, with annual revenues of approximately $1.65 million. We expect this acquisition to further enhance our presence within the employee benefits sector, in which we already have a strong footprint. Financing has already been secured on this acquisition and the due diligence process is nearly complete. Upon closing, we plan to contribute this agency, as well as the previously announced Fortman Insurance Agency and Southwestern Montana Insurance Center, which were both acquired during the second quarter, to Reliance Global Group.”

The Company also reported that the audited financial statements for December 31, 2018, as well as the additional audits required for the individual agencies, remain on schedule for completion during 2019 thereby, enabling us to become a SEC reporting company again.

About Reliance Global Group, Inc.

Reliance Global Group, Inc. (OTC PINK: 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.

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SOURCE Reliance Global Group, Inc.

LAKEWOOD, N.J., June 21, 2019 — Reliance Global Group, Inc. (OTC: RELI) (“RELI” or the “Company”), today provided business updates.

As we have previously announced we are in the process of completing our audits so that we can become SEC reporting and take RELI to the next phase. Out of transparency for our shareholders, we will be releasing the audits as they are complete. To date, our 2017 RELI consolidated audit has been completed and will be posted on the OTC website. Additionally, we will also be posting portions of the independent third-party Due Diligence Reports for the two agencies recently acquired by RELI’s affiliate, Reliance Global Holdings, LLC. The two agencies, Fortman Insurance Services and Southwestern Montana Insurance Center, will be transferred into RELI prior to the completion of the RELI audits. Kindly note that we recently changed our fiscal yearend, to December 31.

You can find the information for our completed audits and relevant portions of the independent Due Diligence Reports on the OTC Markets website. Portions of the Due Diligence Report contain proprietary information and are not included.

About Reliance Global Group, Inc.

Reliance Global Group, Inc. (OTC PINK: 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. RELI 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.

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SOURCE Reliance Global Group, Inc.

LAKEWOOD, N.J., June 14, 2019 — Reliance Global Group, Inc. (OTC: RELI) (“RELI” or the “Company”), today provided additional business updates.

The Company announced it has retained Crescendo Communications, LLC to provide investor relations and strategic advisory services for the Company. Crescendo is a leading New York-based communications firm, with broad experience representing public companies and helping build awareness within the investment community.

The Company also reported it is still in the process of completing the audit of its financial statements, so that it can become a SEC-reporting issuer. The audits of the original three entities which RELI acquired are nearly complete; however, Reliance Global Group’s growth through acquisitions has delayed the completion of the audit of RELI on the whole, as each new acquisition requires its own independent audit.

Ezra Beyman, CEO of Reliance Global Group, stated, “We are working thoroughly and diligently to have the audits completed in the most expeditious timeframe possible. Upon completion of the audit, we plan to become fully reporting. Given the traction in our business, and our planned status as a fully reporting Company, we felt it was good timing to bring on a quality IR firm to help broaden our exposure within the capital markets.”

The Company also provided an update on its previously announced two signed LOIs involving 19 multifamily properties. Reliance Global Group is still in the process of obtaining the bank approval for this loan assumption. Although the Company had originally planned to structure the real estate entity as a REIT, “Edmonton Realty REIT USA,” it is also exploring alternative structures a “merchant” in the multifamily real estate industry, which has been a successful strategy of Reliance Global Holdings, LLC’s principals for the past 30 years.

Ezra Beyman, further noted, “While we have not ruled out the REIT structure, acting as a merchant may have numerous advantages, as complexes are acquired, upgraded utilizing our expertise, and then resold. We believe this structure could have a much more favorable impact to our bottom line over a typical REIT model, and we are actively evaluating our options.”

Reliance Global Group currently has one outstanding LOI in the insurance sector relating to two independent insurance agencies. Mr. Beyman concluded, “We are still in our due diligence phase and intend to complete those acquisitions upon the completion and assurance of our due diligence team. We have already completed the acquisitions of two agencies, Southwestern Montana and Fortman Insurance, during the second quarter alone.”

About Reliance Global Group, Inc.

Reliance Global Group, Inc. (OTC PINK: 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.

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SOURCE Reliance Global Group, Inc.