Reliance Global Group Expands Sales Initiatives Targeting Large Enterprises and Employee Organizations
March 03 2021 - 8:30AM
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 Statements
This 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
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