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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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27 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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44 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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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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37 Hits

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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34 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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200 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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175 Hits

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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271 Hits

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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247 Hits

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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  283 Hits
283 Hits

Reliance Global Group Inc. Acquires "The Referral Depot" and Provides Corporate Update

PR Newswire LAKEWOOD, N.J., Aug. 2, 2019 LAKEWOOD, N.J. , Aug. 2, 2019 /PRNewswire/ -- Reliance Global Group, Inc. (OTC: RELI) ("RELI" or the "Company") , announces it has acquired The Referral Depot (TRD), a software-based referral program created exclusively for the insurance industry. As previously announced in November 2018 , the Company had entered into an exclusive partnering agreement with TRD. TRD's easy-to-use software streamlines the process for third-party insurance professionals to refer business, including policies they are unable to write, to Reliance Global or its affiliates for a commission split or other incentive. Ezra Beyman , CEO of Reliance Global Group, stated, "Since November, we have extensively tested and rolled-out...
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  284 Hits
284 Hits

Reliance Global Group Inc. Announces Corporate Updates

PR Newswire LAKEWOOD, N.J., June 21, 2019 LAKEWOOD, N.J. , June 21, 2019 /PRNewswire/ -- Reliance Global Group, Inc. (OTC: RELI) ("RELI" or the "Company") , today provided business updates. As we have previously announced we are in the process of completing our audits so that we can become SEC reporting and take RELI to the next phase. Out of transparency for our shareholders, we will be releasing the audits as they are complete. To date, our 2017 RELI consolidated audit has been completed and will be posted on the OTC website. Additionally, we will also be posting portions of the independent third-party Due Diligence Reports for the two agencies recently acquired by RELI's affiliate, Reliance Global Holdings, LLC. The two agencies, Fortman...
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  286 Hits
286 Hits

Reliance Global Group Inc. Announces Further Corporate Updates

PR Newswire LAKEWOOD, N.J., June 14, 2019 LAKEWOOD, N.J. , June 14, 2019 /PRNewswire/ -- Reliance Global Group, Inc. (OTC: RELI) ("RELI" or the "Company") , today provided additional business updates. The Company announced it has retained Crescendo Communications, LLC to provide investor relations and strategic advisory services for the Company. Crescendo is a leading New York -based communications firm, with broad experience representing public companies and helping build awareness within the investment community. The Company also reported it is still in the process of completing the audit of its financial statements, so that it can become a SEC-reporting issuer. The audits of the original three entities which RELI acquired are nearly comp...
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  268 Hits
268 Hits

Reliance Global Group CEO Provides Letter to Shareholders Summarizing Key Milestones Achieved and Outlining Growth Strategy

PR Newswire LAKEWOOD, N.J., June 13, 2019 LAKEWOOD, N.J. , June 13, 2019 /PRNewswire/ -- Reliance Global Group, Inc. (OTC: RELI) ("RELI" or the "Company") , a diversified holding company in the insurance brokerage and real estate industries, today provided the following letter to shareholders from the Company's CEO, Ezra Beyman . "To our valued shareholders, Over the past nine months, since I became the Company's CEO, we have dramatically transformed the business and built the foundation for Reliance Global Group to become a premier holding company with diversified interests in the insurance and real estate markets. Specifically, we are focused on acquiring growing, cash flow positive insurance agencies at favorable multiples. The policies ...
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268 Hits

Reliance Global Group, Inc. Announces Letter of Intent to Acquire Two Commonly Owned Insurance Entities

PR Newswire LAKEWOOD, N.J., May 8, 2019 LAKEWOOD, N.J. , May 8, 2019 /PRNewswire/ -- Reliance Global Group, Inc. (OTC: RELI) ("RELI" or the "Company"), announces that it has fully executed two separate Letters of Intent to acquire 100% of each of two affiliated Medicare insurance agencies. Insurance agencies, as opposed to carriers, bear no insurance risk. One of the agencies is a nationally recognized marketing organization specializing in the Medicare insurance market. This agency operates in over 36 states, servicing over 1,300 downline insurance agents. This acquisition, when completed, is expected to provide top-level contracts and proprietary software that will provide unique solutions for quick and efficient sales and support for Med...
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264 Hits

Reliance Global Group, Inc. Announces Insurance Agency Acquisition

PR Newswire LAKEWOOD, N.J., May 3, 2019 LAKEWOOD, N.J. , May 3, 2019 /PRNewswire/ -- Reliance 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 ...
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Reliance Global Group (OTC: RELI) will be attending and Sponsoring at the Planet MicroCap Showcase 2019 on May 1 in Las Vegas, NV

LAKEWOOD, NY / ACCESSWIRE / April 18, 2019 / Reliance Global Group (OTC PINK: RELI), a holding company for insurance agencies and real estate portfolios, will be at the Planet MicroCap Showcase on Wednesday, May 1, 2019, and will conduct 1on1 meetings on Thursday, May 2, 2019. The conference will be held April 30 - May 2, 2019 at Bally's Hotel & Casino in Las Vegas, NV - 3645 S Las Vegas Blvd., Las Vegas, NV 89109. For those interested in attending and meeting with management, you can register to attend here: https://planetmicrocapshowcase.com/signup If you have any questions about the Planet MicroCap Showcase, please contact Robert Kraft at This email address is being protected from spambots. You need JavaScript enabled to view it. (424) 227-9018, or visit www.planetmicrocapshowcase.com for more information....
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Reliance Global Group, Inc. Announces Completed Insurance Agency Acqusition And Company Update

PR Newswire NEW YORK, April 3, 2019 NEW YORK , April 3, 2019 /PRNewswire/ -- Reliance 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 transf...
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284 Hits

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

PR Newswire NEW YORK, March 14, 2019 NEW YORK , March 14, 2019 /PRNewswire/ -- 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, Plati...
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269 Hits

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

PR Newswire NEW YORK, Feb. 28, 2019 NEW YORK , Feb. 28, 2019 /PRNewswire/ -- 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,...
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