Reliance Global Group Inc (RELI)

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News

LAKEWOOD, N.J., April 30, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Reliance Global Group, Inc. (RELI) ("RELI" or the "Company"), today reported that the Company has completed the audit of its wholly owned subsidiary, Altrius Benefit Consultants, Inc. (“Altrius”). The 2017 and 2018 financial results for Altrius, which precede the acquisition by Reliance, will be posted on the Company’s website. Altrius is the final Company subsidiary to complete the audit, which enables the auditors to complete the consolidated 2019 audit for RELI. The 2019 consolidated audit is well underway, and the results will be included in the consolidated financials within the Company’s Form 10, which is expected to be filed shortly.

Ezra Beyman, CEO of Reliance Global Group, stated, “We are pleased to have completed the last of our subsidiary audits, and our consolidated audit is in its advanced stages. Once the consolidated audit is complete, we plan to file our Form 10 to become fully reporting with the Securities and Exchange Commission. Importantly, our insurance agency business remains on solid footing despite the pandemic and ongoing economic uncertainty. Moreover, we look forward to implementing Nsure.com’s back-end digital platform, which we expect will significantly enhance the efficiency and profitability of these agencies.”

About Reliance Global Group, Inc.