RELIANCE

NEWS + PRESS

Reliance Global Group Announces Closing of $12.42 Million Underwritten Offering Including Full Exercise of the Underwriters Over-Allotment Option

LAKEWOOD, NJFeb. 11, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Reliance Global Group, Inc. (Nasdaq: RELI), a company engaged in the acquisition and management of insurance agencies in the United States, today announced the closing of an underwritten public offering of 2,070,000 shares of common stock and accompanying Series A warrants at a public offering price of $6.00 per share and accompanying Series A warrant, which included the full exercise of the underwriter’s over-allotment option, for gross proceeds to the Company of approximately $12.42 million, before deducting underwriting discounts and other offering expenses.

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Reliance Global Group, Inc. Announces Nasdaq Listing and Pricing of $10.8 Million Public Offering

LAKEWOOD, NJFeb. 08, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Reliance Global Group, Inc. (NASDAQ: RELI) (“Reliance” or “Company”), a company engaged in the acquisition and management of insurance agencies in the United States, today announced the pricing of an underwritten public offering of 1,800,000 shares of common stock and accompanying Series A warrants at a public offering price of $6.00 per share and accompanying Series A warrant for aggregate gross proceeds of $10,800,000 prior to deducting underwriting discounts, commissions, and other offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 270,000 shares and accompanying Series A warrants at the public offering price less the underwriting discounts and commissions. The offering is expected to close on February 11, 2021, subject to satisfaction of customary closing conditions.

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Reliance Global Group Acquires Premier Regional Transportation Insurance Agency

Marks seventh successful agency acquisition in under 2 years

LAKEWOOD, NJ, Sept. 23, 2020 (GLOBE NEWSWIRE) — via NewMediaWire — Reliance Global Group, Inc. (OTCQB: RELI) (“RELI” or the “Company”), today announced that it has acquired the assets of UIS Agency, LLC (UIS), a premier regional insurance agency serving the commercial transportation industry.

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Reliance Global Group Announces LOI to Acquire National Insurance Agency With Over 145 Affiliated Offices Across 40 States

LAKEWOOD, N.J., Sept. 09, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTCQB: RELI) (“RELI” or the “Company”), today announced a fully executed letter of intent (LOI) to acquire a national insurance agency. The acquisition is expected to close before the December 31, 2020 fiscal year end subject to certain closing conditions, with due diligence well underway.

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Reliance Global Group Provides Business Update and Files Financial Statements for the Second Quarter of 2020

LAKEWOOD, N.J., Aug. 14, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTCQB: RELI) (“RELI” or the “Company”), today provided a business update for the second quarter of 2020. The complete financials for the second quarter of 2020 have been filed with OTC Markets and are available at OTCMarkets.com.

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Reliance Global Group Appoints Renowned Insurance Industry Executive Sheldon Brickman to Board of Directors

LAKEWOOD, N.J., Aug. 04, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTCQB: RELI) (“RELI” or the “Company”), today announced the appointment of senior insurance industry executive, Sheldon Brickman, as an independent member of the Company’s Board of Directors. Mr. Brickman replaces David Lazar who has resigned due to personal commitments. As a result, the Board of Directors consists of 5 members, including 3 independent directors.

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Reliance Global Group Projects Approximate 70% Increase in Sales for the Second Quarter of 2020 Versus the Same Period Last Year

LAKEWOOD, NJ, July 27, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE – Reliance Global Group, Inc. (OTCQB: RELI) (“RELI” or the “Company”), today reported that it anticipates revenue will increase approximately 70% for the second quarter of 2020 versus the same period last year. RELI expects to report its full results for the second quarter of 2020 and file its Form 10-Q with the Securities and Exchange Commission on or before August 15, 2020.

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Reliance Global Group Announces Filing of Form 10; Now a Fully Reporting Company with the Securities & Exchange Commission

LAKEWOOD, N.J., June 23, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTCQB: RELI) (“RELI” or the “Company”), today announced that it has filed its Form 10 with the Securities & Exchange Commission.

Ezra Beyman, CEO of Reliance Global Group, stated, “The filing of our Form 10 is an important milestone for the Company. First, as a fully reporting company, we have the opportunity to attract a broader universe of institutional and other investors. Second, this is an important step towards our ultimate goal of listing on a national exchange. Third, as we are in active discussions regarding a number of potential real estate and insurance acquisitions, the fact we are now fully reporting provides greater transparency and reinforces our commitment to the highest levels of corporate governance. I would like to thank our staff, auditors, legal advisors and other team members for all their hard work to make this possible. We have now put in place a highly scalable financial and operational infrastructure that should support our anticipated growth for years to come.”

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Reliance Global Group Reports Five-Fold Increase in Revenue to $2 Million for the First Quarter of 2020

LAKEWOOD, N.J., June 12, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTCQB: RELI) (“RELI” or the “Company”), today reported financial results, that were reviewed by Mazars, for the first quarter of 2020. The complete financials of Q1 have been filed with OTC Markets and are available at OTCMarkets.com.

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Reliance Global Group Inc. Announces its Strategic Partner Nsure.com Has Been Licensed to Operate and Sell Insurance in California

LAKEWOOD, NJ, June 04, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Reliance Global Group, Inc. (OTCQB: RELI) (“Reliance” or the “Company”) today announced that its strategic partner Nsure.com, America’s first licensed digital insurance agency®, has received a license to operate and sell insurance in the State of California. As a result, Nsure.com is now licensed in the States of Florida, Texas and California, with plans to further expand nationwide. Nsure.com is a licensed online insurance agency that utilizes state of the art digital technology to empower insurance consumers to compare rates across more than 40 top-rated insurance carriers and bind policies within minutes.

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