Reliance Global Group, Inc. engages in the acquisition and management of wholesale and retail insurance agencies in the United States. It provides healthcare and Medicare, personal and commercial, trucking and transportation, and employee benefits insurance products. The company was formerly known as Ethos Media Network, Inc. and changed its name to Reliance Global Group, Inc. in October 2018. Reliance Global Group, Inc. was incorporated in 2013 and is headquartered in Lakewood, New Jersey.
IPO Year:
Exchange: NASDAQ
Website: relianceglobalgroup.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
2/2/2022 | $7.00 | Buy | EF Hutton |
DEFA14A - Reliance Global Group, Inc. (0001812727) (Filer)
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10-Q - Reliance Global Group, Inc. (0001812727) (Filer)
8-K - Reliance Global Group, Inc. (0001812727) (Filer)
8-K - Reliance Global Group, Inc. (0001812727) (Filer)
DEF 14A - Reliance Global Group, Inc. (0001812727) (Filer)
PRE 14A - Reliance Global Group, Inc. (0001812727) (Filer)
8-K - Reliance Global Group, Inc. (0001812727) (Filer)
8-K - Reliance Global Group, Inc. (0001812727) (Filer)
8-K - Reliance Global Group, Inc. (0001812727) (Filer)
EF Hutton initiated coverage of Reliance Global Group with a rating of Buy and set a new price target of $7.00
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Reports Continued Revenue Growth and Significant Improvements to Net Results Company to Host Conference Call Today at 4:30 PM Eastern Time LAKEWOOD, N.J., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ:RELI) ("Reliance", "we" or the "Company") today provided a business update and reported financial results for the three and nine months ended September 30, 2024. Ezra Beyman, Reliance's Chairman and Chief Executive Officer, commented, "We are very pleased to report a highly successful third quarter, both in growing our revenues, as well as in controlling our operating costs, which has resulted in sustained revenue growth, decreased expenses and improved net financia
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. The conference call will be available via telephone by dialing toll-free +1 877-545-0320 for U.S. callers or +1 973-528-0002 for international callers and entering access code 442767. A webcast of the call may be accessed at https://www.webcaster4.com/Webcast/Page/2381/51535 or on the investor relations section of the Company's website, https://relianceglobalgroup.com/events-a
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 Forms Real Estate Division Headed up by Successful Real Estate Investor and M&A Executive Abe Miller, to Drive Growth and Diversification Simplified Capital Structure- Reliance Removes Warrant Overhang to Unlock Shareholder Value Company to Host Conference Call Today at 4:30 PM Eastern Time LAKEWOOD, N.J., July 25, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ:RELI) ("Reliance", "we" or the "Company") today provided a business update and reported financial results for the three and six months ended June 30, 2
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. The conference call will be available via telephone by dialing toll-free +1 888-506-0062 for U.S. callers or +1 973-528-0011 for international callers and entering access code 246542. A webcast of the call may be accessed at https://www.webcaster4.com/Webcast/Page/2381/50932 or on the investor relations section of the Company's website, https://relianceglobalgroup.com/events-and
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. Ezra Beyman, Chairman and Chief Executive Officer of Reliance Global Group, commented, "We achieved another solid quarter with continued organic growth
Lakewood, NJ, May 16, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ:RELI, RELIW))) ("Reliance" or the "Company"), announced today that it will host a conference call Monday, May 20, 2024, at 4:30 PM Eastern Time to discuss financial results for the first quarter of 2024 and provide a business update. The conference call will be available via telephone by dialing toll-free +1 888-506-0062 for U.S. callers or +1 973-528-0011 for international callers and entering access code 512517. A webcast of the call may be accessed at https://www.webcaster4.com/Webcast/Page/2381/50621 or on the investor relations section of the Company's website, https://relianceglobalgroup.com/e
Company to Host Conference Call Today at 1:00 PM Eastern Time LAKEWOOD, N.J., April 04, 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 year ended December 31, 2023. "We are pleased to report 17% and 40% year-over-year increases in revenue for 2023 compared to 2022 and 2021, respectively," commented Ezra Beyman, Chairman and Chief Executive Officer of Reliance Global Group. "Of the 17% revenue increase, 67% relates to organic growth, and 33% was acquisition related." "Our net loss was substantially driven by non-core operating and non-cash expense charg
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. The conference call will be available via telephone by dialing toll-free +1 888-506-0062 for U.S. callers or +1 973-528-0011 for international callers and entering access code 515451. A webcast of the call may be accessed at https://www.webcaster4.com/Webcast/Page/2381/50129 or on the investor relations section of the company's website, https://relianceglobalgroup.com
Working Capital Increases by $5.4 million Company to Host Conference Call Today at 4:30 PM Eastern Time LAKEWOOD, NJ, Nov. 13, 2023 (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 third quarter and nine months ended September 30, 2023. Ezra Beyman, CEO of Reliance, commented, "We are pleased to report a 16% and 19% year-over-year increase in revenue for the third quarter and first nine months of 2023 respectively. This growth primarily stems from the organic expansion of our business, bolstered by our acquisition of Barra Associates in April 2022. Followin
Lakewood, NJ, Nov. 10, 2023 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ:RELI, RELIW))) ("Reliance" or the "Company"), announced today that it will host a conference call Monday, November 13, 2023 at 4:30 PM Eastern Time to discuss financial results for the third quarter of 2023 and provide a business update. The conference call will be available via telephone by dialing toll-free +1 888-506-0062 for U.S. callers or +1 973-528-0011 for international callers and entering access code 757200. A webcast of the call may be accessed at https://www.webcaster4.com/Webcast/Page/2381/49462 or on the investor relations section of the company's website, https://relianceglobalgroup.com/even
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Reports Continued Revenue Growth and Significant Improvements to Net Results Company to Host Conference Call Today at 4:30 PM Eastern Time LAKEWOOD, N.J., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ:RELI) ("Reliance", "we" or the "Company") today provided a business update and reported financial results for the three and nine months ended September 30, 2024. Ezra Beyman, Reliance's Chairman and Chief Executive Officer, commented, "We are very pleased to report a highly successful third quarter, both in growing our revenues, as well as in controlling our operating costs, which has resulted in sustained revenue growth, decreased expenses and improved net financia
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. The conference call will be available via telephone by dialing toll-free +1 877-545-0320 for U.S. callers or +1 973-528-0002 for international callers and entering access code 442767. A webcast of the call may be accessed at https://www.webcaster4.com/Webcast/Page/2381/51535 or on the investor relations section of the Company's website, https://relianceglobalgroup.com/events-a
LAKEWOOD, N.J., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ:RELI) ("Reliance", "we" or the "Company") today announced the official launch of the beta version of its highly anticipated AI-powered Quote & Bind InsurTech solution for commercial policies. Initially scheduled for release in Q4 2024, the new solution has been launched ahead of schedule, giving RELI Exchange agency partners immediate access to this cutting-edge technology. The solution, now live on the RELI Exchange platform, enables agents to generate real-time quotes and bind commercial insurance policies instantly from their dashboard. This advanced system covers a wide range of commercial insura
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. The Company also reaffirmed that the transaction remains on track and is anticipated to close, as announced, in the second half of 2024. Ezra Beyman, Chairman and CEO of Reliance Global Group, stated, "We are pleased to announce that we have revised t
LAKEWOOD, N.J., July 30, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ:RELI) ("Reliance", "we" or the "Company") today unveiled its new, advanced AI-powered Quote & Bind cutting-edge InsurTech solution for commercial policies, designed to significantly enhance the capabilities of RELI Exchange agency partners. The Company plans to launch the new offering in the fourth quarter of 2024. The new Quote & Bind solution, integrated within the RELI Exchange platform, leverages artificial intelligence, enabling agents to provide real-time commercial insurance quotes from multiple carriers and bind policies in real time from the RELI Exchange agent dashboard. These new commerci
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 Forms Real Estate Division Headed up by Successful Real Estate Investor and M&A Executive Abe Miller, to Drive Growth and Diversification Simplified Capital Structure- Reliance Removes Warrant Overhang to Unlock Shareholder Value Company to Host Conference Call Today at 4:30 PM Eastern Time LAKEWOOD, N.J., July 25, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ:RELI) ("Reliance", "we" or the "Company") today provided a business update and reported financial results for the three and six months ended June 30, 2
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. The conference call will be available via telephone by dialing toll-free +1 888-506-0062 for U.S. callers or +1 973-528-0011 for international callers and entering access code 246542. A webcast of the call may be accessed at https://www.webcaster4.com/Webcast/Page/2381/50932 or on the investor relations section of the Company's website, https://relianceglobalgroup.com/events-and
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). Mr. Ezra Beyman, Chairman and CEO of Reliance, commented, "We are pleased to have regained compliance with Nasdaq's continued listing requirements. Maintaining our Nasdaq listing is crucial, and this achievement is fundamental as we continue to make strides in growing the Company and enhancing shareholder value, which positions the Company for co
LAKEWOOD, N.J., July 01, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ:RELI, RELIW))) ("Reliance", "we" or the "Company") today announced the formation of a new Real Estate division drawing on Ezra Beyman's extensive background in building the third-largest mortgage brokerage in the nation and accumulating a multi-billion-dollar portfolio of multi-family properties. Furthermore, Abe Miller, successful real estate investor and M&A executive, has agreed to join Reliance to oversee this new division and advise on future real estate transactions. Mr. Miller will receive no fixed salary for his services; rather, he will be compensated entirely on a success-based model. The new di
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 Flor
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LAKEWOOD, N.J., July 01, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ:RELI, RELIW))) ("Reliance", "we" or the "Company") today announced the formation of a new Real Estate division drawing on Ezra Beyman's extensive background in building the third-largest mortgage brokerage in the nation and accumulating a multi-billion-dollar portfolio of multi-family properties. Furthermore, Abe Miller, successful real estate investor and M&A executive, has agreed to join Reliance to oversee this new division and advise on future real estate transactions. Mr. Miller will receive no fixed salary for his services; rather, he will be compensated entirely on a success-based model. The new di
LAKEWOOD, NJ, May 31, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Reliance Global Group, Inc. (NASDAQ:RELI, RELIW))) ("Reliance", "we" or the "Company"), which combines artificial intelligence (AI) and cloud-based technologies with the personalized experience of a traditional insurance agency, today announces the appointment of Mr. William Lebovics as Chief Financial Officer, effective June 1, 2022. Mr. Blumenfrucht, who previously served as Chief Financial Officer, will continue as a member of the Company's Board of Directors and will provide support through the transition period. Among his accomplishments, Mr. Lebovics served as the Finance Manager for IDW Media Holdings, where he w
Continues Successful Execution of Growth Strategy through Key Acquisitions and Senior Management Appointments LAKEWOOD, NJ, May 16, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Reliance Global Group, Inc. (NASDAQ:RELI, RELIW))) ("Reliance", "we" or the "Company"), which combines artificial intelligence (AI) and cloud-based technologies with the personalized experience of a traditional insurance agency, provided a business update today and reported financial results for the first quarter ended March 31, 2022. Ezra Beyman, CEO of Reliance Global Group, commented, "We continue to execute on our business growth strategy, as evidenced by an 82% increase in revenue to $4.2 million for the firs
Grant Barra to oversee expansion of the Agency Partner Network and introduction of new InsurTech to accelerate growth LAKEWOOD, NJ, April 28, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Reliance Global Group, Inc. (NASDAQ:RELI, RELIW))) ("Reliance", "we" or the "Company"), which combines artificial intelligence (AI) and cloud-based technologies with the personalized experience of a traditional insurance agency, today announced it has appointed Grant Barra as Senior Vice President of Operations following the recently announced acquisition of Barra & Associates. In addition to overseeing the Barra & Associates subsidiary, Mr. Barra will be responsible for overseeing expansion of the
LAKEWOOD, N.J., Feb. 24, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Reliance Global Group, Inc. (Nasdaq: RELI), a company engaged in the acquisition and management of insurance agencies in the United States, today announced the appointment of Moshe Fishman as Director of Insurance Operations. In this role, he will help oversee the integration of insurance agencies, as well as the rollout of the Company’s new 5MinuteInsure.com platform. Prior to joining Reliance Global Group, Mr. Fishman served as President of Tekeno Financial, LLC, which offers a variety of insurance products and annuities. While at Tekeno, Mr. Fishman structured a variety of unique no load fee insurance products to c
Chairman And CEO Ezra Beyman Highlights Importance Of Maintaining Nasdaq Listing For Company Growth And Enhancing Shareholder Value
Reliance Global Group, Inc. (NASDAQ:RELI) shares are trading higher Monday. The stock began trading on a 1-for-17 reverse split-adjusted basis at Monday's opening bell. What To Know: Reliance Global also announced the creation of a new Real Estate division intended to supplement, and not replace, its focus on acquiring accretive and cash flow positive insurance agencies. Reliance said it plans to launch the real estate division following the completed acquisition of Spetner Associates, expected to close in the second half of 2024. Read Next: Lululemon Stock Dips After Nike’s Q4 Report: What’s Going On? “We are excited to launch a significant initiative—a new division within Re
Reliance Global Group, Inc. (NASDAQ:RELI, RELIW))) ("Reliance", "we" or the "Company") today announced the formation of a new Real Estate division drawing on Ezra Beyman's extensive background in building the third-largest mortgage brokerage in the nation and accumulating a multi-billion-dollar portfolio of multi-family properties. Furthermore, Abe Miller, successful real estate investor and M&A executive, has agreed to join Reliance to oversee this new division and advise on future real estate transactions. Mr. Miller will receive no fixed salary for his services; rather, he will be compensated entirely on a success-based model. The new division is intended to supplement, and not replace, t
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
Ezra Beyman, CEO of Reliance, remarked, "We are pleased to report our withdrawal of the previously filed registration statement, covering the potential shares issuable under the Series G warrants. As a result of the investor converting all of their warrant holdings, we have successfully eliminated the perceived warrant overhang and vastly simplified our capital structure. We remain committed to unlocking value for our shareholders and are more encouraged than ever by the outlook for the business, including our planned acquisition of Spetner Associates, which is expected to increase and drive very significant revenues and cash flows."
Shares of Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) fell sharply during Friday's session after the company announced pricing of $6.0 million public offering. Kaival Brands priced its 3,921,500 unit offering at $15.3 per unit. Kaival Brands Innovations Group shares dipped 47% to $1.52 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers American Rebel Holdings, Inc. (NASDAQ:AREB) shares jumped 161% to $0.8048 after the company signed a Connecticut distribution agreement with Dichello Distributors. Sharecare, Inc. (NASDAQ:SHCR) jumped 74% to $1.35 after the company agreed to be acquired by Altaris affiliate for $1.43 per share in cash.
U.S. stocks traded mixed this morning, with the Nasdaq Composite falling around 50 points on Friday. Following the market opening Friday, the Dow traded up 0.18% to 39,206.92 while the NASDAQ fell 0.29% to 17,669.56. The S&P 500 also fell, dropping, 0.20% to 5,461.98. Check This Out: Apple To Rally Over 14%? Here Are 10 Top Analyst Forecasts For Friday Leading and Lagging SectorsConsumer staples shares jumped by 0.6% on Friday. In trading on Friday, information technology shares fell by 1.1%. Top Headline The S&P Global composite PMI climbed to 54.6 in June, notching its strongest level since April 2022, and compared to 54.5 in May. Equities Trading UP