Reliance Global Group appoints corporate finance officer

LAKEWOOD, N.J., May 31, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”), which combines artificial intelligence (AI) and cloud-based technologies with the personalized experience of a traditional insurance agency, today announced the appointment of Mr. William Lebovics as Chief Financial Officer, effective June 1, 2022. Mr. Blumenfrucht, who previously served as Chief Financial Officer, will continue as a member of the Company’s Board of Directors and will provide support during the transitional period.

Among his accomplishments, Mr. Lebovics served as Chief Financial Officer for IDW Media Holdings, where he was responsible for managing financial reporting, financing, and mergers and acquisitions, as well as other finance-related operations. Additionally, Mr. Lebovics served as Director of Business Development at IDT Corporation. Mr. Lebovics brings extensive experience in corporate finance, including senior positions at PwC and Nippon Life Global Investors. Mr. Lebovics holds a master’s degree in accounting from Fairleigh Dickenson University, a master’s degree in real estate with a concentration in finance and investment from NYU, and a bachelor’s degree in business management from Touro College.

Mr. Ezra Beyman, President and CEO of Reliance, said, “I am delighted to welcome William to the management team. He brings an impressive background in corporate finance, capital markets, mergers and acquisitions, budgeting and compliance, including his most recent experience with companies listed on the New York Stock Exchange. . We believe his strong skills will be important as we continue to build Reliance into a leading national insurance company, both organically and through future acquisitions. I especially want to thank Alex for his important contributions during the early stages. of our development. Importantly, we have put in place a scalable financial infrastructure and reporting systems, laying the foundation to support our future growth. I look forward to his continued participation as a member of our Board of Directors and believe that separating the role of Chief Financial Officer from our Board of Directors also reinforces our commitment to the highest levels of corporate governance. Additionally, William will be supported by Joel Markovitz who will continue in his current role as Chief Accounting Officer. We couldn’t be more excited about the prospects for the business and believe we have built a top-notch organization to help realize the full potential of the company.

About Reliance Global Group, Inc.

Reliance Global Group, Inc. (NASDAQ: RELI, RELIW) combines advanced technologies with the personalized experience of a traditional insurance agency model. Reliance Global Group’s growth strategy includes both organic expansion, including through 5minuteinsure.com, as well as the acquisition of well-run, undervalued, cash-flow positive insurance agencies. Additional information about the Company is available at https://www.dependenceglobalgroup.com/.

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 fact included in this press release may constitute forward-looking statements. and do not constitute warranties. future performance, conditions or results and involve a number of risks and uncertainties. Actual results may differ materially from those in forward-looking statements due to 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 obligation to update any forward-looking statements 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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