Reliance Global Group

Reliance Global Group, Inc. is a diversified company, which engages in the business of insurance market and other relates sectors. It focuses on acquisition strategy, wholesale, and retail insurance agencies. The company was founded on August 2, 2013 and is headquartered in Lakewood, NJ.

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Reliance Global Group doubles revenue with Spetner acquisition, eyes growth

Reliance Global Group's Q1 2024 performance showcased growth potential through the Spetner acquisition, despite short-term financial challenges. The company's strategic focus on market expansion, service enhancement, and shareholder value creation positions it for future success.

Reliance Global Group reports growth and innovation, eyes Spetner acquisition

Reliance Global Group's Q3 performance reflects positive revenue growth, improved cost management, and strategic initiatives positioning the company for future growth and profitability.
While challenges like net losses persist, opportunities from the Spetner acquisition, AI solutions, and market expansion offer avenues for sustained growth and financial success.
Navigating market challenges and leveraging strengths in innovation and financial performance will be crucial for RELI to capitalize on growth opportunities and enhance shareholder value.

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Reliance Global Group, Inc. (NASDAQ:RELI ) Q3 2024 Earnings Call November 7, 2024 4:30 PM ET Company Participants Ted Ayvas - Investor Relations Ezra Beyman - Chairman and Chief Executive Officer Joel Markovits - Chief Financial Officer Operator Good day and welcome to the Reliance Global Group Third Quarter Business Update Conference Call. [Operator Instructions] It is now my pleasure to turn the floor over to your host, Ted Ayvas, Investor Relations at Reliance Global.

Reliance Global Group, Inc. (RELI) Q3 2024 Earnings Call Transcript

Lakewood, NJ, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ: RELI) (“Reliance” or the “Company”), announced today that it will host a conference call Thursday, November 7, 2024, at 4:30 PM Eastern Time to discuss financial results for the third quarter of 2024 and provide a business update.

Reliance Global Group Schedules Third Quarter 2024 Financial Results and Business Update Conference Call

New AI-powered feature launches early, positioning RELI Exchange for substantial premium growth and commission revenue boost New AI-powered feature launches early, positioning RELI Exchange for substantial premium growth and commission revenue boost

Reliance Global Group Launches Beta Version of Advanced Quote & Bind InsurTech Solution for Commercial Policies, Ahead of Schedule

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Cash required to close reduced by over $2 million Acquisition remains on track - anticipated to close in the second half of 2024 LAKEWOOD, N.J., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group , Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”) today provided an update on the pending acquisition of Spetner Associates, including a significant reduction in the upfront cash payment required to close the transaction.

Reliance Global Group Announces Enhanced Terms for Pending Spetner Acquisition

Reliance Global Group, Inc. (NASDAQ:RELI ) Q2 2024 Earnings Conference Call July 25, 2024 4:30 PM ET Company Participants Ted Ayvas - Investor Relations Ezra Beyman - Chairman and CEO Joel Markovits - Chief Financial Officer Conference Call Participants Nick Pincus - Forest Capital Operator Good day. And welcome to the Reliance Global Group's Second Quarter Business Update Conference Call.

Reliance Global Group, Inc. (RELI) Q2 2024 Earnings Call Transcript

Spetner Associates Acquisition on Track to Close in Second Half of 2024; Projected to Double Annual Revenue to Approximately $28 Million and Boost AEBITDA

Reliance Global Group Reports Second Quarter 2024 Results and Provides Business Update

Lakewood, NJ, July 19, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ: RELI) (“Reliance” or the “Company”), announced today that it will host a conference call Thursday, July 25, 2024, at 4:30 PM Eastern Time to discuss financial results for the second quarter of 2024 and provide a business update.

Reliance Global Group Schedules Second Quarter 2024 Financial Results and Business Update Conference Call

LAKEWOOD, N.J., July 17, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”), announced that the Company received notice from The Nasdaq Stock Market on July 16, 2024, indicating that Reliance had regained compliance with the minimum bid price requirement under Nasdaq Rule 5550(a)(2).

Reliance Global Group Regains Compliance with Nasdaq Continued Listing Requirements

Abe Miller, Successful Real Estate Investor and M&A Executive, Joins Reliance to Oversee New Division and Advise on Future Real Estate Transactions Abe Miller, Successful Real Estate Investor and M&A Executive, Joins Reliance to Oversee New Division and Advise on Future Real Estate Transactions

Reliance Global Group Announces Formation of New Real Estate Division Aimed at Expanding Operations

LAKEWOOD, N.J., June 26, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”) today announced that the Company's Board of Directors approved a 1-for-17 reverse stock split (the “Reverse Stock Split”) of the Company's common stock (the “Common Stock”) in order to regain compliance with the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market (Rule 5550(a)(2)). The Company was not required to obtain shareholder approval to effectuate the Reverse Stock Split. The Company filed articles of amendment to the Company's articles of incorporation, as amended, with the Secretary of State of the State of Florida to effectuate the Reverse Stock Split as of 5:00 p.m. Eastern Time on June 28, 2024. The Common Stock will begin trading on The Nasdaq Capital Market on a reverse split-adjusted basis at the start of trading on July 1, 2024, under the symbol “RELI” and under a new CUSIP number, 75946W 405.

Reliance Global Group Announces Reverse Stock Split

LAKEWOOD, N.J., June 24, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”) today announced that it has withdrawn its previously filed registration statement with the Securities and Exchange Commission, which was originally filed to register the potential shares issuable under the Series G warrants. As previously announced, the institutional investor holding the Series B and Series G warrants elected to convert all of their warrants into a reduced number of shares issued to the investor on a Rule 144 basis.

Reliance Global Group Announces Withdrawal of Registration Statement

LAKEWOOD, N.J, June 20, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”) today announced that its final large institutional investor has redeemed all of its outstanding Series B and Series G warrants. The Company now effectively has a much more simplified capital structure with no known significant institutional warrant holders and no significant warrant overhang.

Reliance Global Group Announces Major Enhancement of Capital Structure Following Cashless Exercise of Warrants

Reliance Global (NASDAQ: RELI ) stock is rocketing higher on Tuesday after the wholesale and retail insurance agencies management company provided an acquisition update. Reliance Global says that it continues to make progress on its acquisition of Spetner Associates.

Why Is Reliance Global (RELI) Stock Up 283% Today?

Transformational acquisition expected to close in the second half of 2024 Projected to double Company's annualized revenue to approximately $28 million LAKEWOOD, N.J., June 18, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group , Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”) today provided an update on the pending acquisition of Spetner Associates.

Reliance Global Group Provides Update on Pending Spetner Acquisition

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Reliance Global Group, Inc. (NASDAQ:RELI ) Q1 2024 Earnings Conference Call May 7, 2024 4:30 PM ET Company Participants Ted Ayvas - Investor Relations Ezra Beyman - Chairman and Chief Executive Officer Joel Markovits - Chief Financial Officer Conference Call Participants Operator Greetings. Welcome to the Reliance Global Group First Quarter Business Update Conference Call.

Reliance Global Group, Inc. (RELI) Q1 2024 Earnings Call Transcript

Definitive agreement to acquire Spetner Associates marks significant milestone in Company's evolution Expected to more than double current revenue to approximately $28 million and contribute meaningful EBITDA Company to Host Conference Call Today at 4:30 PM Eastern Time LAKEWOOD, N.J., May 20, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group , Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”) today provided a business update and reported financial results for the three months ended March 31, 2024.

Reliance Global Group Reports First Quarter 2024 Results and Provides Business Update

Integration expected to drive significant EBITDA growth and shareholder value in 2024 Spetner's BenManage Benefits enrollment company serving over 75,000 Employees Reliance focused on building a leading, tech-driven, multi-billion-dollar insurance enterprise LAKEWOOD, N.J., May 15, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group , Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company) today announced it has entered into a definitive agreement to acquire Spetner Associates (“Spetner”), a well-established benefits enrollment company.

Reliance Global Group Announces Game-Changing Acquisition of Spetner Associates; Projected to Double Company's Revenue

Lakewood, New Jersey--(Newsfile Corp. - April 23, 2024) - Reliance Global Group Inc. (NASDAQ: RELI) (NASDAQ: RELIW) will be participating in the EF Hutton Annual Global Conference, which will take place on May 15, 2024 at The Plaza Hotel in New York. Ezra Beyman, CEO, will be presenting on May 15th.

Reliance Global Group Inc.: Invitation to EF Hutton Annual Global Conference

Acquisition letter of intent previously announced progresses to final stages of definitive agreement discussions Acquisition letter of intent previously announced progresses to final stages of definitive agreement discussions

Reliance Global Group's Revenue Grows by 17% and 40% in 2023 Compared to 2022 and 2021, respectively

Lakewood, NJ, April 03, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ: RELI; RELIW) (“Reliance” or the “Company”), announced today that it will host a conference call Thursday, April 4, 2024, at 1:00 PM Eastern Time to discuss financial results for the fourth quarter of 2023 and provide a business update.

Reliance Global Group Schedules Fourth Quarter 2023 Financial Results and Business Update Conference Call

LAKEWOOD, NJ, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group , Inc. (Nasdaq: RELI; RELIW) (“Reliance” or the “Company”), today announced that it has added the RELI Exchange Client Referral Portal (CRP) into its proprietary InsurTech platform, RELI Exchange.

RELI Exchange Launches the Client Referral Portal into its Proprietary InsurTech Platform

Reports more than 60% increase in total RELI Exchange policies following onboarding of Fortman Insurance under new “One-Firm” approach

Reliance Global Group Provides Year-End Update on RELI Exchange

Reliance Global (NASDAQ: RELI ) stock is on the move Tuesday after the retail insurance company announced plans for a proposed public share offering. Initially, shares of RELI stock were falling this morning after it announced a proposed public stock offering after markets closed on Monday.

News for Reliance Global Group Stock (RELI)