NEWS + PRESS

LAKEWOOD, N.J., June 13, 2019 — Reliance Global Group, Inc. (OTC: RELI) (“RELI” or the “Company”), a diversified holding company in the insurance brokerage and real estate industries, today provided the following letter to shareholders from the Company’s CEO, Ezra Beyman.

“To our valued shareholders,

Over the past nine months, since I became the Company’s CEO, we have dramatically transformed the business and built the foundation for Reliance Global Group to become a premier holding company with diversified interests in the insurance and real estate markets. Specifically, we are focused on acquiring growing, cash flow positive insurance agencies at favorable multiples. The policies sold by agencies provide a long-term, predictable revenue stream and, unlike insurance carriers, agencies do not bear insurance risk. Similarly, we are focused on aggressively acquiring real estate properties with attractive assets and cash flow to drive long-term value for shareholders. At the same time, we are building a scalable national infrastructure to accelerate organic growth and support additional acquisitions to drive economies of scale.

Within our insurance brokerage vertical, we have been very aggressive, yet selective, in our acquisitions. In October 2018 we announced our first two acquisitions, Employee Benefits Solutions and U.S. Benefits Alliance (USBA), two Michigan-based insurance agencies specializing in the sale of health insurance products in the wholesale and retail industry. In December 2018, we acquired Commercial Solutions of Insurance Agency, LLC, a commercial property and casualty insurance company serving the trucking, towing and short-haul services industries.

In April and May 2019, respectively, we announced that Reliance Global Holdings, LLC, a private company affiliated with Reliance Global Group, had acquired two agencies: Southwestern Montana Insurance, a group health insurance company providing employee benefits insurance to groups and individuals; and Fortman Insurance Agency, LLC, which provides personal and commercial insurance lines. We are in the process of completing the audited financial statements of these two companies. Our plan is to roll both of these businesses into Reliance Global Group during the third quarter of 2019.

Lastly, we signed letters of intent for two General Agencies (GAs) providing group and individual health insurance. The agencies are located in the Midwest and, when acquired, will significantly increase our health insurance presence within the region.

As part of our organic growth strategy, we launched a national campaign to recruit independent health agents, brokers and National Marketing Organizations to market our portfolio of insurance products. We have also implemented a one-of-a-kind software-based referral program for the insurance industry, to arm our agents with some of the best tools in the industry.

Within our real estate vertical, we signed a letter of intent to acquire 15 multifamily properties across Ohio, Indiana, Kentucky, Michigan and Georgia in January. Collectively, these properties have an appraised value in excess of $80 million and net equity of approximately $24 million. Also, in January, we signed an additional letter of intent to acquire four more multifamily properties across Indiana, Ohio, Michigan and Georgia with an appraised value of more than $33 million and net equity of approximately $8 million. We expect these properties to generate over $1.3 million in cash flow for Reliance Global Group annually, after they are acquired. To complete both real estate acquisitions, we are in the process of securing the approval of the lender, and SEC-compliant audited financial statements for both, from Friedman LLP, our auditing firm.

Overall, we are executing on aggressive growth strategy through both organic growth, as well as M&A. On the M&A front, we are committed to identifying undervalued, and accretive transactions that leverage our national infrastructure and core expertise within the real estate and insurance markets. In aggregate, combining the agencies we own and those under LOI, we are now at a pro forma annual premiums revenue run rate in excess of $4.6 million. By leveraging the assets and cash flow of the acquired companies, we are also able to minimize equity dilution. As a result, we believe we are building a highly scalable and profitable business model.

To wrap up, we are excited with our strategic plan for growth, and with the changes we have made in the Company in only nine months. We would like to thank our shareholders, employees and Board of Directors for their ongoing support. We will keep you updated on our progress as developments unfold.”

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., May 8, 2019 — Reliance Global Group, Inc. (OTC: RELI) (“RELI” or the “Company”), announces that it has fully executed two separate Letters of Intent to acquire 100% of each of two affiliated Medicare insurance agencies. Insurance agencies, as opposed to carriers, bear no insurance risk.

One of the agencies is a nationally recognized marketing organization specializing in the Medicare insurance market. This agency operates in over 36 states, servicing over 1,300 downline insurance agents. This acquisition, when completed, is expected to provide top-level contracts and proprietary software that will provide unique solutions for quick and efficient sales and support for Medicare agents nationwide.

The second agency operates as a niche Medicare insurance agency with a substantial market share in the Western U.S.

As previously announced, RELI has launched a national campaign for the expansion of our health insurance divisions. This is a major development in RELI’s process, as it will be the catalyst for becoming a national leader in the Medicare insurance sales market.

The agencies to be acquired had revenues of approximately $7,000,000 (unaudited) in 2018 as well as substantial growth year over year. These agencies specialize in placing health specialty products which will complement the agencies we currently own.

As RELI is in the process of completing its audited financial statements, in order to become a SEC- reporting issuer, this proposed acquisition will be acquired by Reliance Global Holdings, LLC, and will be transferred into RELI upon the successful completion of the audit. The investment of funds will be supplied by Reliance Global Holdings, LLC, of which Ezra Beyman, the CEO of RELI, is a principal.

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., May 3, 2019 — Reliance Global Group, Inc. (OTC: RELI) (“RELI” or the “Company”), is pleased to announce that RELI’s affiliated privately-owned company Reliance Global Holdings, LLC has completed the previously announced acquisition of an unaffiliated insurance agency, Fortman Insurance Agency, LLC, for a total purchase price of $4.138 million, consisting of cash and the issuance of restricted stock. Insurance agencies, as opposed to carriers, bear no insurance risk.

As RELI is in the process of completing its audited financial statements, in order to become a SEC- reporting issuer, this acquisition was purchased by Reliance Global Holdings, LLC, and will be transferred into RELI upon the successful completion of the audit.

Headquartered in Ohio, Fortman serves customers throughout the entire State of Ohio. Fortman specializes in providing personal and commercial lines of insurance. For the fiscal year ended December 31, 2018, Fortman had written premiums of approximately $21,000,000 and revenues of $1,600,000 (unaudited). Reliance LLC, which is controlled by Ezra Beyman, RELI’s Chairman and CEO, funded the transaction through a combination of cash, stock and debt financing.

This is the fifth acquisition since Reliance LLC acquired control of RELI in September 2018 and is in line with management’s growth strategy of completing acquisitions in a timely manner. Additionally, RELI is in the approval process of assuming the loan of the 19 properties previously placed under LOI.

Ezra Beyman, RELI’s CEO, stated, ‘We are delighted with RELI’s continuing to make acquisitions in the insurance agency space, as well as our vision to grow our independent agencies, and we intend to continue to make acquisitions in the real estate sector as well.”

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.

NEW YORK, April 3, 2019 — Reliance Global Group, Inc. (OTC: RELI) (“RELI” or the “Company”), is pleased to announce that RELI’s affiliated privately-owned company Reliance Global Holdings, LLC has completed the previously announced acquisition of an unaffiliated niche insurance agency, Southwestern Montana Insurance Agency, for a total purchase price of $2.338 million, consisting of cash and the issuance of restricted stock. Insurance agencies, as opposed to carriers, bear no insurance risk.

As RELI is in the process of completing its audited financial statements, in order to become a SEC- reporting issuer, this acquisition was purchased by Reliance Global Holdings, LLC, and will be transferred into RELI upon the successful completion of the audit.

Headquartered in Belgrade, Montana, Southwestern Montana serves customers throughout the entire State. Southwestern Montana specializes in providing employee benefits insurance to groups and individuals. As an independent agent, Southwestern Montana has access to a variety of insurance programs that provide the most reasonable insurance rates to meet individual businesses’ needs. For the fiscal year ended December 31, 2018, Southwestern Montana had revenues of approximately $1,500,000 (unaudited). Reliance LLC, which is controlled by Ezra Beyman, RELI’s Chairman and CEO, funded the transaction through a combination of cash, stock and debt financing.

This acquisition, at the start of Q2 2019, is the first of a series of acquisitions we intend to complete, as previously announced. Additionally, we have received correspondence from the bank regarding the requested loan assumptions on the 19 properties previously placed under LOI. We will be responding to the bank and will provide them with their requested documents and will provide updates as they become available.

Ezra Beyman, RELI’s CEO, stated, ‘We are delighted with RELI’s continuing to make acquisitions in the insurance agency space, as well as our vision to grow our independent agencies, and we intend to continue to make acquisitions in the real estate sector as well.”

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.

NEW YORK, March 14, 2019 — Reliance Global Group, Inc. (OTC: RELI) (“RELI” or the “Company”), is pleased to announce the hiring of Brian Platte as Vice President of Medicare Sales, overseeing national business development and expansion for RELI’s 100% subsidiary, US Benefits Alliance (USBA). As the President of Platinum Benefits Advisors, Brian brings a vast amount of experience operating as a Medicare FMO (Field Marketing Organization). Platinum Benefit Advisors is located in Michigan and has Medicare agents located in Ohio, Indiana, Tennessee, Michigan, Georgia and Texas.

As a result of Brian’s acceptance of his new position with USBA, USBA has signed a LOI to acquire his FMO, Platinum Benefit Advisors. Depending on the timing of the completion of our SEC-compliant audits, the FMO might first be acquired by RELI’s affiliate Reliance Global Holdings, LLC, and then acquired by RELI shortly thereafter, pending the completion of RELI’s audit, which is in progress.

The onboarding of Brian concludes USBA’s national recruitment of an executive management team that has over 220 combined years of experience in agent recruitment and insurance business management.

Ezra Beyman, RELI’s CEO, stated, ‘We are delighted with RELI’s continuing to make acquisitions in the insurance agency space, as well as our vision to grow our independent agencies, and we intend to continue to make acquisitions in the real estate sector as well.”

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SOURCE Reliance Global Group, Inc.

NEW YORK, Feb. 28, 2019 — Reliance Global Group, Inc. (OTC: RELI) (“RELI” or the “Company”), is pleased to announce it has arranged to commit significant funds, up to $1,500,000, and has launched a national campaign to recruit independent health agents, brokers and National Marketing Organizations to market US Benefits Alliance’s portfolio of insurance products. US Benefits Alliance, LLC, is a wholly owned subsidiary of RELI, and is focused on aggressive growth of our national health insurance brokerage and agent partnership arrangements. The investment of funds will be supplied by Reliance Global Holdings, LLC, of which Ezra Beyman, the CEO of RELI, is a principal.

As part of the launch, US Benefits Alliance has hired Steven Dodder, CLU, to oversee agent recruitment for the Western half of the U.S. Steve spent the last four years of his 28-year career with a national insurance carrier as Vice-President, Field Sales, Western USA. During those last four years, Steve’s team of 25,000+ independent health insurance agents and brokers generated over $60,000,000 in annualized health insurance premiums.

Additionally, RELI announces that it has fully executed a Letter of Intents to acquire 100% of an unaffiliated insurance agency. Insurance agencies, as opposed to carriers, bear no insurance risk.

The agency to be acquired had premiums of approximately $16,000,000 (unaudited) in 2018. The agency specializes in personal and commercial insurance lines, and is located in the Midwest, thus increasing RELI’s presence there.

Completion of this proposed acquisition, as with the LOIs for the other insurance agency acquisitions, is subject to the signing of a definitive purchase agreement, and final due diligence. Depending on the timing of the completion of our SEC-compliant audits of these agencies, they might first be acquired by RELI’s affiliate Reliance Global Holdings, LLC, and then acquired by RELI shortly thereafter, pending the completion of RELI’s audit, which is in progress.

Ezra Beyman, RELI’s CEO, stated, ‘We are delighted with RELI’s continuing to make acquisitions in the insurance agency space, as well as our vision to grow our independent agencies, and we intend to continue to make acquisitions in the real estate sector as well. We intend to close the four open LOI’s during the second quarter of 2019, G-D willing.“

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SOURCE Reliance Global Group, Inc.