Skip to main content

Reliance Global Group Expands Sales Initiatives Targeting Large Enterprises and Employee Organizations

Written by Customer Service on . Posted in Public Companies.

SWMIC subsidiary chosen as broker of choice for three additional unions
LAKEWOOD, N.J., March 03, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Reliance Global Group, Inc. (Nasdaq: RELI; RELIW), a company engaged in the acquisition and management of insurance agencies in the United States, announces it is expanding its sales initiatives targeting large enterprises and employee organizations.  As a result, Reliance Global Group’s wholly owned subsidiary, Southwestern Montana Insurance Center, LLC (SWMIC), was recently named broker of choice for an additional three unions.Ezra Beyman, CEO of Reliance Global Group, stated, “In addition to launching 5minuteinsure.com, our direct-to-consumer offering, we are also accelerating our sales and marketing initiatives targeting large enterprises and employee organizations.  I am pleased to report, SWMIC was recently named broker of choice for 3 premier regional unions.  This follows SWMIC’s selection as Broker of Choice for 18 public school districts.  We are pursuing this same strategy in parallel with our other agencies.”“We remain steadfast in our mission of acquiring and managing accretive and undervalued insurance agencies, where it is our intention to leverage our national footprint and gain economies of scale.  Our 5minuteinsure.com platform is highly complementary to this strategy as it is designed to provide a cost-effective national platform for online customers to compare quotes and direct them to an agent in their area who can answer questions and bind the policy.  We believe our multi-channel approach will allow us to rapidly scale the business and is strong validation of the value we add to our portfolio of insurance businesses.”About Reliance Global Group, Inc.Reliance Global Group, Inc. (NASDAQ: RELI) is moving forward with its goal to operate in the insurance sector through its insurance brokerage agencies and online insurance businesses, and potentially other sectors. RELI’s focus continues to be to grow the Company by pursuing an aggressive growth strategy of acquisition opportunities, including insurance agencies. Insurance agencies, as opposed to insurance carriers, bear no insurance risk. The Company is controlled by Reliance Global Holdings, LLC, a New York-based limited liability company, which is the owner and operator of numerous companies with core interests invested in real estate and insurance brokerage.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission and elsewhere. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.Contact:Crescendo Communications, LLC
Tel: +1 (212) 671-1020
Email: RELI@crescendo-ir.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.