EOMN Announces First Acquisition

Plantation, FL -- October 26, 2018 -- InvestorsHub NewsWire -- Ethos Media Network, Inc. (OTC PINK: EOMN) announces that is has acquired 100% of Employee Benefits Solutions (''EBS'') and U.S. Benefits Alliance (''US Alliance''), two Michigan-based insurance agencies specializing in the sale of health insurance products, in the wholesale and retail industry. Agencies, as opposed to insurance carriers, bear no insurance risk. Both insurance agencies were acquired from a related party.

The consideration for the acquisition was the issuance of 16,400,000 restricted EOMN shares, bringing the total number of issued and outstanding EOMN common shares to 263,393,149. Immediately after the acquisition of EBS and US Alliance, EOMN's subsidiary Eye on South Florida, Inc. was sold back to EOMN's former principals for $1.

On a combined basis, EBS and US Alliance’s revenues from commissions on insurance premiums in 2017 were $914,000(unaudited). As previously announced, new management as of September 21, 2018 terminated EOMN's registration as a reporting issuer with the SEC, because their intention is to acquire companies which might not have SEC-compliant audited financial statements. Then, when the SEC-compliant audits of the business or businesses have been completed, they intend EOMN to become a SEC-reporting issuer again.

Ezra Beyman, EOMN's CEO, stated, ''We are delighted with EOMN's first acquisitions in the insurance agency business, and we intend to continue to acquire companies in this sector and in real estate. We have significant experience in both sectors, and, at the appropriate time, we intend to become a SEC-reporting company again.''

EOMN also announces that it has submitted Articles of Amendment with the Secretary of State of Florida, changing EOMN's corporate name to RELIANCE GLOBAL GROUP, INC.; the filing of that Amendment is pending.

Source: Ethos Media Network, Inc.