Business
Reliance Global Group, Inc. Announces Appointment of Ben Fruchtzweig and John Lowy to the Board of Directors; Ben Fruchtzweig and Scott Korman Appointed to the Audit Committee of the Board
Appointments Fulfill Key Steps Towards Meeting the Requirements of OTCQB Venture Market and Listing on a National Stock Exchange LAKEWOOD, NJ, Jan. 29, 2020
About this update from Reliance Global Group, Inc.
[{"type":"text","content":"Appointments Fulfill Key Steps Towards Meeting the Requirements of OTCQB Venture Market and Listing on a National Stock Exchange\n 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 as we continue our growth at a national level. At the same time, we are pleased to announce the appointments of Ben and Scott to the Audit Committee of the Board. We remain committed to the highest levels of corporate governance as we position ourselves as a premier holding company in the real estate and insurance sectors. Moreover, we believe we now meet the requirements of the OTCQB Venture Market (OTCQB) and are moving forward towards our goal of listing on a national exchange. As previously reported, our OTCQB application has been submitted and we believe we are close to final approval.” Ben Fruchtzweig brings decades of executive experience in accounting and financial services. He has served as Chief Comptroller/Financial Analyst at national financial services and investment companies. He received his NYS C.P.A license in 1987 and has worked at Deloitte Haskins and Sells and other leading accounting firms. Currently, Mr. Fruchtzweig lectures on a variety of topics including business ethics. He also serves on a voluntary basis as a trustee of a non-profit private foundation, which serves to provide the needed financial support, services and guidance to qualifying individuals and families. Mr. Fruchtzweig graduated Magna Cum Laude from Queens College/ C.U.N.Y. in June 1985. John Lowy is the founder and senior partner of the law firm John B. Lowy PC and is also founder and CEO of Olympic Capital Group, Inc. (\"Olympic\"), founded in 1993. The law firm specializes in corporate and securities laws and has represented clients from various industries that have gone public via IPOs and revers...