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.
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.
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.
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.
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."
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.
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.
Call to be held at 4:30 PM Eastern Time on Wednesday, June 3, 2020
LAKEWOOD, N.J., June 03, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Reliance Global Group, Inc. (OTCQB: RELI) ("RELI" or the "Company"), today provided an update for shareholders and reminder that it will host a conference call at 4:30 PM Eastern Time on Wednesday, June 3, 2020 (dial-in information below). The call will include a more detailed update on the Company's progress, including its real estate and insurance strategies, which will be followed by a question and answer session.
LAKEWOOD, NJ, May 19, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- -- Reliance Global Group, Inc. (OTCQB: RELI) ("Reliance" or the "Company"), today announced that it will host a conference call at 4:30 PM Eastern Time on Wednesday, June 3, 2020 to provide a business update on the Company's progress, including its real estate and insurance strategies. The conference call will be led by Ezra Beyman, Chairman and Chief Executive Officer, and Alex Blumenfrucht, Chief Financial Officer of Reliance Global Group Inc.
LAKEWOOD, NJ, May 18, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE ‒ Reliance Global Group, Inc. (OTCQB: RELI) ("RELI" or the "Company") today announced the appointment of David Lazar as an independent member of the Company's Board of Directors. As a result, the Board of Directors has increased to 5 members, including 3 independent directors, thereby meeting the independence requirements for a national exchange.
LAKEWOOD, NJ, May 07, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Reliance Global Group, Inc. (OTCQB: RELI) ("RELI" or the "Company"), today reported that the Company has completed the 2019 audit, including its wholly owned subsidiaries. The audit results are available on the OTC's website. In addition, the Company is well underway preparing and plans to file its Form 10 with the Securities and Exchange Commission, to become a fully reporting company.
LAKEWOOD, N.J., April 30, 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 subsidiary, Altrius Benefit Consultants, Inc. ("Altrius"). The 2017 and 2018 financial results for Altrius, which precede the acquisition by Reliance, will be posted on the Company's website. Altrius is the final Company subsidiary to complete the audit, which enables the auditors to complete the consolidated 2019 audit for RELI. The 2019 consolidated audit is well underway, and the results will be included in the consolidated financials within the Company's Form 10, which is expected to be filed shortly.
LAKEWOOD, N.J., April 29, 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 been featured in a number of media broadcasts to discuss the Company's recent growth.
LAKEWOOD, NJ, April 27, 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 Texas. As previously announced in February, Reliance invested $1 million into Nsure.com, 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.
LAKEWOOD, NJ, March 27, 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 Fortman Insurance Agency subsidiary ("Fortman"). The 2017 and 2018 financial results for Fortman Insurance, which precede the acquisition by Reliance, will be posted on the Company's website. The 2019 results will be included in the consolidated financials within the Company's Form 10-K, which is expected to be filed shortly.
LAKEWOOD, NJ, March 19, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Reliance Global Group, Inc. (OTCQB: RELI) ("RELI" or the "Company")today reported that in light of the current situation, the Company's CEO, Mr. Ezra Beyman, has announced plans to personally fund employees to purchase the Company's common shares in the open market through a cash gift. The program will allow for up to a maximum of 1,000,000 shares to be purchased by employees under the guidelines of the Program.
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.
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.
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.
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.
