Reliance Global Group, Inc. (RELI-OTC)
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Reliance Global Group, Inc. (“RELI” or “the Company”) operates as a diversified holding company investing in real estate and insurance markets, as well as other related sectors. RELI’s focus is to grow the Company by pursuing an aggressive acquisition strategy, including both real estate and wholesale and retail insurance agencies†. In the real estate division, the Company’s primary focus is to pinpoint undervalued multifamily properties throughout various locations in the U.S., profiting through increased interim cash flows and substantial exit value gains. In the insurance sector, RELI’s strategy is to identify and acquire undervalued wholesale and retail insurance agencies with operations in growing or underserved segments, expand and optimize their operations, and achieve asset value appreciation while generating interim cash flows. As part of its growth and acquisition strategy, RELI is currently in negotiations with several affiliated and non-affiliated parties and expects to complete a number of material transactions throughout the course of 2019. The Company is controlled by the same management team as Reliance Global Holdings, LLC, a limited liability company that is the owner and operator of numerous companies with core interests in real estate and insurance. RELI’s relationship with Reliance Holding Group provides the Company with significant benefits: (1) experience, know-how, and industry relations in both the real estate and insurance sectors; (2) a source of acquisition targets currently under Reliance Global Holdings’ control; and (3) financial and logistic assistance.
* The Corporate Snapshot was last updated on July 5, 2019.