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COMPANY NEWS
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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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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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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.
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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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