Business
Reliance Global Group Provides Business Update and Conference Call Reminder
Call to be held at 4:30 PM Eastern Time on Wednesday, June 3, 2020 LAKEWOOD, N.J., June 03, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Reliance Global
About this update from Reliance Global Group, Inc.
[{"type":"text","content":"Call to be held at 4:30 PM Eastern Time on Wednesday, June 3, 2020\n LAKEWOOD, N.J., June 03, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Reliance Global Group, Inc. (OTCQB: RELI) (\"RELI\" or the \"Company\"), today provided an update for shareholders and reminder that it will host a conference call at 4:30 PM Eastern Time on Wednesday, June 3, 2020 (dial-in information below). The call will include a more detailed update on the Company’s progress, including its real estate and insurance strategies, which will be followed by a question and answer session. Ezra Beyman, CEO of RELI, stated, \"We look forward to hosting today’s conference call, in which we will provide an in-depth review and update on positive recent developments related to our real estate and insurance operations, as well as our financial improvement and ongoing M&A strategy. Our Form 10 documentation is also in the final stages with our auditors, and we will continue to update shareholders on the impending submission to the SEC. Overall, I am more encouraged than ever about the outlook for the company. I have personally funded the company over $5 million to date, and have an open program to fund employees to purchase the Company's common shares in the open market, both of which illustrate my confidence in the outlook for the business.” Mr. Beyman continued, “Looking ahead, we believe we are extremely well positioned given the diversification of our business model and believe the current market environment presents unique real estate opportunities at more favorable valuations. At the same time, we are also focused within the insurance sector, and given the fact we own agencies versus carriers, these businesses tend to be well insulated during periods of market volatility. Through our partnership with Nsure.com, we can significantly enhance the efficiency of our bricks-and-mortar agencies, as well as benefit from more favorable multiples as we evaluate future acquisition opportunities. Once again, I would like to thank shareholders for your confidence, trust, and support, and we look forward to sharing our plans for Reliance’s continued growth.” The conference call will be available via telephone by dialing toll free 877-407-8033 for U.S. callers or +1 201-689-8033 for international callers. A webcast replay will be archived on the Company's website and a telepho...