Because it (NSURE) was used to promote RELI leading RELI investors to believe that RELI was taking a $20,000,000 investment position in NSURE Inc when in fact RELI took a $1m position in NSURE which is probably misleading to investors.
Reliance Global Group invests $1M in digital insurance agency's 'explosive' technology
Reliance Global Group, Inc. (OTCQB: RELI) CEO Ezra Beyman tells Proactive the New Jersey-based holding company has formed a strategic partnership with Nsure, Inc, a digital insurance agency, investing an initial $1 million into the company, expecting to total its commitment to $20 million.
Beyman says Nsure.com's technology is expected to be 'explosive' and will provide back-end support for Reliance's agency business, which is expected to drive significant revenue for the company. [/img]