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Reliance Global Group Completes Audit of Southwestern Montana Insurance

 LAKEWOOD, N.J., March 19, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Reliance Global Group, Inc. (OTCQB: RELI) ("RELI" or the "Company"), today reported that the Company has completed the audit of its wholly owned Southwestern Montana Insurance subsidiary. The Company is moving rapidly to complete the audit of each of its subsidiaries, which are expected to be completed shortly.

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Reliance Global Group Inc. Provides Shareholder Update

LAKEWOOD, NJ, March 16, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Reliance Global Group, Inc. (OTCQB: RELI) ("RELI" or the "Company"), today provided the following update to shareholders.

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56 Hits

Reliance Global Group Inc. Announces Recent Appointment of Nationally Recognized Mazars USA as the Company’s Independent Auditor

LAKEWOOD, N.J., March 12, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Reliance Global Group, Inc. (OTCQB: RELI) ("RELI" or the "Company"), today announced that the Company has appointed Mazars USA LLP, a leading accounting, tax and consulting firm in the United States, as the Company's new independent registered public accounting firm.

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42 Hits

Reliance Global Group Names Senior Industry Executive Josh Colter as Chief Investment Officer & Head of U.S. Real Estate

LAKEWOOD, N.J., March 10, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Reliance Global Group, Inc. (OTCQB: RELI) ("RELI" or the "Company") today announced the appointment of Josh Colter as Chief Investment Officer & Head of U.S. Real Estate, effective March 10, 2020. Mr. Colter will be responsible for spearheading new acquisitions and dispositions, overseeing the underwriting process, developing capital partner relationships, and will manage the real-estate portfolios that will be purchased by Reliance Global Group.

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45 Hits

Reliance Global Group CEO Interviewed on Proactiveinvestors.com; Lays Out Vision for Investment and Strategic Partnership With Nsure.com

LAKEWOOD, NJ, Feb. 26, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Reliance Global Group, Inc. (OTCQB: RELI) ("RELI" or the "Company") , today announced that Ezra Beyman, Chief Executive Officer of Reliance Global Group, appeared on Proactiveinvestors.com to discuss the Company's holdings, as well as its latest strategic partnership and investment into Nsure.com, America's first licensed digital insurance agency®. The segment can be viewed on the Proactiveinvestors.com website. Ezra Beyman, CEO of Reliance Global Group, stated, "We appreciate this opportunity to share our vision for Reliance following our recently announced strategic partnership and investment into Nsure.com, which we believe marks a major catalyst and inflection point for...
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Reliance Global Group Inc. Announces Strategic Partnership and Investment Into NSURE, Inc., America’s First Licensed Digital Insurance Agency®

Nsure.com poised to disrupt $340 billion home and auto insurance market LAKEWOOD, NJ, Feb. 20, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Reliance Global Group, Inc. (OTCQB: RELI) ("Reliance" or the "Company") , today announced that it has formed a strategic partnership with Nsure, Inc. ("Nsure.com"), America's first licensed digital insurance agency®, and has consummated a $1 million direct investment representing the first in a series of planned investments, expected to total $20 million, at which time, Reliance Global Group would own 35% of Nsure.com with an option to acquire an additional 5%, bringing the total to 40% of Nsure.com. In connection with the strategic partnership, Nsure.com will provide back-end support for Reliance's age...
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123 Hits

Reliance Global Group Inc. Announces Binding Agreement to Form Significant Strategic Partnership and Investment into First-in-Kind Digital Insurance Agency

LAKEWOOD, N.J., Feb. 13, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Reliance Global Group, Inc. (OTCQB: RELI) ("RELI" or the "Company") , today announced that it has entered into a binding agreement, whereby the Company will form a strategic partnership and make a direct investment into a first-in-kind digital insurance agency. The agreement is subject to certain closing conditions. Ezra Beyman, CEO of Reliance Global Group, stated, "We are on the cusp of consummating a potentially transformative event for the Company. We have the necessary funds in hand to complete the first phase of the transaction, which is expected to close imminently, and look forward to providing further details that we believe will illustrate how significant this e...
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88 Hits

OTC Markets Group Welcomes New OTCQB Companies – February 10

OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, announced the following companies are approved for trading on the OTCQB Venture Market: Blue Lagoon Resources Inc. (CSE: BLLG; OTCQB: BLAGF) Blue Lagoon Resources is a mineral exploration company focused on the acquisition, exploration and development of properties for the mining of gold and other minerals. The company currently owns 100% interest in the property known as the Golden Wonder Project located in west central British Columbia, in the Hazelton area. Crossroads Systems, Inc. (OTCQB: CRSS) Crossroads Systems, Inc., is a holding company focused on investing in businesses that promote economic vitality and community development....
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86 Hits

Reliance Global Group, Inc. Announces Uplisting to OTCQB Venture Market

LAKEWOOD, NJ, Feb. 04, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Reliance Global Group , Inc. (OTCQB: RELI) ("RELI" or the "Company") , announces uplisting to the OTCQB Venture Market (OTCQB). Ezra Beyman, CEO of Reliance Global Group, stated, "We are proud to officially mark RELI's uplisting to the OTCQB Venture Market (OTCQB), and would like to thank our shareholders for your continued support as we worked towards this important milestone. Joining the OTCQB elevates Reliance's profile within the investment community, which we expect will help improve liquidity and broaden our shareholder base. We are preparing the 2019 audit to become fully SEC-reporting, and are diligently working on a variety of significant potential acquisitions to i...
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Reliance Global Group, Inc. Announces Appointment of Ben Fruchtzweig and John Lowy to the Board of Directors; Ben Fruchtzweig and Scott Korman Appointed to the Audit Committee of the Board

Appointments Fulfill Key Steps Towards Meeting the Requirements of OTCQB Venture Market and Listing on a National Stock Exchange LAKEWOOD, NJ, Jan. 29, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Reliance Global Group, Inc. (OTC: RELI) ("RELI" or the "Company") , today announced that Ben Fruchtzweig and John Lowy have joined the Company's Board of Directors. The Company also announced that Ben Fruchtzweig and Scott Korman, a current member of the Board, have joined the Audit Committee of the Board of Directors. Ezra Beyman, CEO of Reliance Global Group, stated, "We are delighted to welcome John and Ben to the Board of Directors. They both bring decades of legal, financial and capital markets experience, which we believe will be invaluable a...
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73 Hits

Reliance Global Group Inc. Announces Completion of 2018 Audit; Fulfills Important Step Towards Listing on OTCQB

LAKEWOOD, NJ, Jan. 14, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Reliance Global Group, Inc. (OTC: RELI) ("RELI" or the "Company") , today announced the completion of the Company's 2018 consolidated audit by Friedman, LLP, the Company's independent registered public accountant. The audit will be available on the OTC Markets website. Ezra Beyman, CEO of Reliance Global Group, stated, "We are pleased to announce the completion of our 2018 audit, which fulfills an important requirement towards our planned listing on the OTCQB Venture Market (OTCQB). Our OTCQB application has been submitted and we are awaiting approval. We are on track to list on the OTCQB with a goal to list on a national exchange later thereafter. Overall, we have made sig...
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190 Hits

Reliance Global Group, Inc. Provides Year-End Business Update

  LAKEWOOD, NJ, Dec. 30, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Reliance Global Group , Inc. (OTC: RELI) ("RELI" or the "Company") , today provided a year-end update for shareholders. Ezra Beyman, CEO of Reliance Global Group, stated, "2019 was an eventful year for Reliance Global Group. Most recently, we executed the contract to acquire a 260-unit multi-family property and announced a letter of intent to acquire a multi-family property consisting of 176 apartment units. These acquisitions are consistent with our strategy to acquire undervalued multi-family properties with sustainable cash flows in attractive markets. All our acquisitions are subject to strict due diligence, and we are currently evaluating several other potentiall...
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202 Hits

Reliance Global Group Inc. Applies for OTCQB Listing

LAKEWOOD, N.J., Dec. 19, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Reliance Global Group, Inc. (OTC: RELI) ("RELI" or the "Company") , today announced that the Company has applied for OTCQB Venture Market (OTCQB) listing. The listing is subject to delivery of the Company's 2018 consolidated audit by Friedman, LLP, the Company's independent registered public accountant, which is substantially completed and will be posted immediately thereafter. Upon listing on the OTCQB, the Company will continue to trade under the symbol "RELI." Ezra Beyman, CEO of Reliance Global Group, stated, "Submitting our application for the OTCQB is an important stepping-stone towards our planned listing on a national exchange. We believe the move to the OTCQB wil...
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205 Hits

Reliance Global Group, Inc. Announces Appointment of Scott Korman to Board of Directors

LAKEWOOD, NJ, Dec. 12, 2019 (GLOBE NEWSWIRE) -- 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 electron...
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Reliance Global Group, Inc. Affiliate, Reliance Global Holdings, Executes Contract to Acquire 117 Unit Multi-Family Property Plus 143 Additional Units Under Construction

LAKEWOOD, N.J., Nov. 19, 2019 (GLOBE NEWSWIRE) -- 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...
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170 Hits

Reliance Global Group, Inc. Announces Purchase and Sale Agreement to Acquire Contiguous Multi-Family Property and Provides Corporate Update

LAKEWOOD, NJ, Oct. 29, 2019 (GLOBE NEWSWIRE) -- 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 Comp...
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347 Hits

Reliance Global Group, Inc. Announces Purchase and Sale Agreement to Acquire Contiguous Class A Multi-Family Properties

LAKEWOOD, N.J., Oct. 02, 2019 (GLOBE NEWSWIRE) -- 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 apartm...
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Reliance Global Group, Inc. Acquires Altruis Benefit Consulting and Completes Transfer of Southwestern Montana Insurance Center and Fortman Insurance Agency From Affiliated Entity

Lakewood, NJ, Sept. 10, 2019 (GLOBE NEWSWIRE) -- 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 ...
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Reliance Global Group, Inc. Announces LOI to Acquire Class A Multi-Family Property

LAKEWOOD, N.J. , Aug. 19, 2019 /PRNewswire/ -- 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...
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Reliance Global Group, Inc. Provides Business Update and Reports Results for the Second Quarter of 2019

  PR Newswire LAKEWOOD, N.J., Aug. 14, 2019 LAKEWOOD, N.J. , Aug. 14, 2019 /PRNewswire/ -- 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 comp...
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447 Hits