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RELIANCE

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Reliance Global Group, Inc. Announces Insurance Agency Acquisition

LAKEWOOD, N.J., May 3, 2019Reliance 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.

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

SOURCE Reliance Global Group, Inc.

Reliance Global Group, Inc. Announces Completed Insurance Agency Acqusition And Company Update

NEW YORK, April 3, 2019Reliance 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.

Cision 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.

Reliance Global Group, Inc. Announces Continuation Of National Expansion Campaign And Additional Signed LOI

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.”

Cision View original content:http://www.prnewswire.com/news-releases/reliance-global-group-inc-announces-continuation-of-national-expansion-campaign-and-additional-signed-loi-300812298.html

SOURCE Reliance Global Group, Inc.

Reliance Global Group, Inc. Announces Launch Of Campaign For National Expansion Of US Benefits Alliance, And Additional Letter Of Intent To Acquire An Independent Insurance Agency

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.

Cision View original content:http://www.prnewswire.com/news-releases/reliance-global-group-inc-announces-launch-of-campaign-for-national-expansion-of-us-benefits-alliance-and-additional-letter-of-intent-to-acquire-an-independent-insurance-agency-300804106.html

SOURCE Reliance Global Group, Inc.