NEWS + PRESS

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.

View original content:http://www.prnewswire.com/news-releases/reliance-global-group-inc-announces-loi-to-acquire-class-a-multi-family-property-300903368.html

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.

View original content:http://www.prnewswire.com/news-releases/reliance-global-group-inc-provides-business-update-and-reports-results-for-the-second-quarter-of-2019-300901226.html

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.

View original content:http://www.prnewswire.com/news-releases/reliance-global-group-inc-acquires-the-referral-depot-and-provides-corporate-update-300895533.html

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.

View original content:http://www.prnewswire.com/news-releases/reliance-global-group-inc-announces-corporate-updates-300872795.html

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.

View original content:http://www.prnewswire.com/news-releases/reliance-global-group-inc-announces-further-corporate-updates-300867643.html

SOURCE Reliance Global Group, Inc.

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.

View original content:http://www.prnewswire.com/news-releases/reliance-global-group-ceo-provides-letter-to-shareholders-summarizing-key-milestones-achieved-and-outlining-growth-strategy-300866893.html

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.

View original content:http://www.prnewswire.com/news-releases/reliance-global-group-inc-announces-letter-of-intent-to-acquire-two-commonly-owned-insurance-entities-300846071.html

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.

View original content:http://www.prnewswire.com/news-releases/reliance-global-group-inc-announces-insurance-agency-acquisition-300843337.html

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.

View original content:http://www.prnewswire.com/news-releases/reliance-global-group-inc-announces-completed-insurance-agency-acqusition-and-company-update-300823705.html

SOURCE Reliance Global Group, Inc.