Company Outlines Next Phase of Growth Focused on Control Acquisitions Designed to Scale Breakthrough Technology PlatformsLAKEWOOD, NJ, Feb. 04, 2026 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: EZRA) (the “Company”) today announced a strategic advancement designed to position the Company for its next phase of growth, expanding on its InsurTech foundation through the launch of Scale51, an operating and acquisition model within its newly established subsidiary, EZRA International Group. The Compan ...

LAKEWOOD, N.J., Jan. 29, 2026 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: EZRA) (the “Company”) today announced the closing of its previously announced public offering of 7,407,408 shares of common stock (or pre-funded warrants in lieu thereof), together with warrants to purchase up to 14,814,816 shares of common stock at a combined public offering price of $0.27 per share (or pre-funded warrant in lieu thereof) and associated warrants. The warrants have an exercise price of $0.27 per share, ar ...

Core Viewpoint - Reliance Global Group, Inc. has announced a public offering of 7,407,408 shares of common stock at a price of $0.27 per share, along with warrants to purchase up to 14,814,816 additional shares, aiming to raise approximately $2 million for working capital and M&A strategies [1][2]. Group 1: Offering Details - The public offering includes 7,407,408 shares of common stock and associated warrants at a price of $0.27 per share [1]. - The warrants will have an exercise price of $0.27 per share, are exercisable upon issuance, and will expire two years after issuance [1]. - The expected closing date for the offering is around January 29, 2026, pending customary closing conditions [1]. Group 2: Financial Aspects - The gross proceeds from the offering are anticipated to be approximately $2 million before deducting fees and expenses [2]. - The net proceeds will be utilized for working capital, M&A strategies, and general corporate purposes [2]. Group 3: Company Overview - Reliance Global Group, Inc. is an InsurTech pioneer utilizing AI and cloud-based technologies to enhance efficiencies in the insurance agency and brokerage industry [5]. - The company operates the RELI Exchange platform, providing independent insurance agencies with business development tools to compete with larger agencies [5]. - Additionally, the company runs 5minuteinsure.com, which offers competitive online insurance quotes for consumers seeking auto, home, and life insurance [5].

Expanded role positions Company to scale its core insurance business while pursuing transformative growth through EZRA International GroupLAKEWOOD, N.J., Jan. 28, 2026 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: EZRA) (the “Company”) today announced the promotion of Moshe Fishman to Senior Vice President, Strategic Ventures. In this expanded role, Mr. Fishman will continue to drive the growth of Reliance’s core insurance and insurtech operations while leading the Company’s efforts to identify a ...

Core Viewpoint - Reliance Global Group, Inc. is changing its ticker symbol from "RELI" to "EZRA" on January 26, 2026, to better reflect its strategic evolution and focus on technology acquisitions [1][2]. Group 1: Ticker Symbol Change - The ticker symbol change aims to align with the formation of EZRA International Group, which will focus on acquiring controlling stakes in technology companies, particularly in sectors like cybersecurity, AI, FinTech, InsurTech, MedTech, and digital health [2]. - The transition to the new ticker symbol will not require any action from shareholders, and existing share certificates will remain valid [4]. Group 2: Acquisition Strategy - The company has announced plans to acquire a majority stake in Scentech, an AI diagnostics firm specializing in non-invasive disease detection technologies, marking the first acquisition under EZRA International Group [3]. - This acquisition strategy is designed to identify and scale breakthrough technologies that can create long-term value, complementing the stable cash flow from the company's insurance holdings [4]. Group 3: Company Overview - Reliance Global Group, Inc. is an InsurTech pioneer utilizing AI and cloud technologies to enhance efficiencies in the insurance industry [5]. - The company's platforms, including RELI Exchange and 5minuteinsure.com, provide tools for independent insurance agencies and competitive online insurance quotes for consumers [5].

Core Insights - Health In Tech, Inc. has appointed Zain Hasan as Chief Growth Officer to lead the company's growth strategy, focusing on revenue generation and performance across various sectors [1][2][3] Company Overview - Health In Tech is an AI-enabled InsurTech platform that aims to enhance processes in the healthcare industry through vertical integration, process simplification, and automation [5] - The company offers a marketplace that provides over 100 customized healthcare plan designs and AI-driven underwriting, allowing brokers to generate bindable stop loss healthcare plan quotes quickly [3][5] Leadership and Strategy - Zain Hasan, with over 15 years of experience in the employee benefits and insurance industry, has a proven track record in scaling revenue and executing strategic acquisitions [3] - His appointment is expected to strengthen Health In Tech's ability to deliver innovative programs and deepen collaborations with broker agencies, third-party administrators, and carriers [3]

Core Viewpoint - Zhibao Technology Inc. reported a significant revenue growth of 51% for the fiscal year 2025, driven by the increasing acceptance of its 2B2C business model and digital insurance solutions, despite experiencing a net loss due to increased selling expenses [4][5][10]. Financial and Operational Summary - Total revenues for the year ended June 30, 2025, increased by 51% to RMB 276.9 million (US$38.7 million) from RMB 183.7 million in 2024 [10]. - Gross profit for the fiscal year ended June 30, 2025, was RMB 113.6 million (US$15.9 million), compared to RMB 74.8 million in the same period of 2024 [4][10]. - The net loss for the year ended June 30, 2025, was RMB 62.0 million (US$8.7 million), a decline from a net income of RMB 13.3 million in 2024 [13]. - Cash and cash equivalents as of June 30, 2025, were RMB 10.3 million (US$1.44 million), up from RMB 2.4 million in 2024 [14]. Product Offerings and Collaborations - Zhibao Labuan received its general reinsurance license in July 2025 and was assigned a Financial Strength Rating of B+ and a Long-Term Issuer Credit Rating of "bbb-" from AM Best [4]. - The company signed an agreement to establish a joint venture, Zhongfang JV, with Beijing Zhongfang Hongchuang Technology and Guangzhou Ruiling Intelligent Technology to develop an "Insurance + Technology + Service" model [4]. - Zhibao acquired 51% equity interest in Zhonglian Jinan Insurance Brokers Co., Ltd. for RMB 25.5 million (approximately US$3.5 million) [4]. Management Commentary and Outlook - The CEO expressed satisfaction with the revenue growth and emphasized the importance of expanding the 2B2C digital insurance solutions and partnerships [5][6]. - The company plans to continue investing in its sales force and technology platform to drive organic growth [6][7]. - The management team is committed to maximizing shareholder value through strategic acquisitions and diversifying revenue streams [8]. Cost and Expenses - Cost of revenues increased by approximately 50% to RMB 163.4 million (US$22.8 million) for the fiscal year ended June 30, 2025 [9]. - Selling expenses rose by approximately RMB 80.6 million, or 255%, to RMB 112.2 million (US$15.7 million) due to increased marketing service fees [18]. - General and administrative expenses increased by approximately RMB 26.1 million, or 145%, to RMB 44.0 million (US$6.1 million) [18]. Customer Base and Market Reach - The number of B channels increased to over 2,400, contributing to the growth of the 2B2C embedded digital insurance model [4]. - The company served over 24 million end customer users as of June 30, 2025, which is expected to drive future revenue growth [4]. Business Model and Innovation - Zhibao Technology is recognized for its innovative 2B2C digital embedded insurance model, having launched the first digital insurance brokerage platform in China in 2020 [20]. - The company has developed over 40 proprietary digital insurance solutions across various industries, utilizing big data and AI technology for continuous improvement [21].

Core Insights - Health In Tech, Inc. is hosting hitDavos 2026, an independent global InsurTech and leadership summit during the World Economic Forum Week in Davos, Switzerland, focusing on leadership, innovation, and trust in complex global systems [1][2]. Event Overview - The summit will feature a full day of dialogue among heads of state, senior policymakers, industry CEOs, and cultural leaders, addressing topics such as geopolitical cooperation, AI adoption in regulated industries, and humanitarian resilience [2][3]. - The agenda includes moderated panels and fireside conversations aimed at fostering discussions on the intersection of technology, governance, and leadership amid rising global complexities [3][4]. Company Commitment - Health In Tech aims to reinforce its role as a convenor at the intersection of insurance, technology, and institutional reform, emphasizing trust, transparency, and scalable infrastructure in regulated markets [4][7]. - The company is committed to advancing ethical, compliant, and outcome-driven AI within healthcare and insurance, exemplified by initiatives like AskTim and HITChain [7]. Agenda Highlights - Key sessions will cover humanitarian resilience, blockchain and data rights in healthcare, and the geopolitical forces shaping innovation and economic progress [6][8]. - The program will conclude with a dialogue on peace, prosperity, and global cooperation, along with a special announcement from Abraham House [6]. Attendance and Access - Attendance is open to World Economic Forum participants and invited guests, with a detailed agenda and speaker lineup available on the event's official landing page [8][9].

Core Viewpoint - Reliance Global Group, Inc. has announced a non-binding term sheet to acquire a majority equity position in Scent Medical Technologies Ltd, marking the first strategic acquisition for its new division, Ezra International Group, which focuses on technology-driven investments [1][7]. Company Overview - Reliance Global Group, Inc. operates in the InsurTech sector, utilizing artificial intelligence and cloud-based technologies to enhance efficiencies in the insurance industry. The company offers a suite of business development tools for independent insurance agencies and provides competitive online insurance quotes to consumers [10]. Acquisition Details - The acquisition aims to secure majority ownership of Scentech, contingent upon achieving defined clinical, regulatory, and operational milestones over time. The structure of the transaction is designed to manage development and execution risks through a milestone-based approach [1][7]. Scentech's Technology - Scentech is developing AI technologies for diagnostics, specifically focusing on breath-based molecular testing platforms. Its product candidates, VOX and VocTracer, are intended for early detection of pancreatic cancer and healthcare-associated infections, respectively [2][3][9]. - The initial target markets for Scentech's platform are estimated to represent a potential global market of $5-10 billion, with a commercial plan based on an 'instrument-plus-consumables' model to generate recurring revenue [5]. Development and Validation - Scentech's product candidates are still under development and have not yet received clinical validation or regulatory approval. The company has invested significantly in laboratory infrastructure and automated sampling technologies [4][8]. - The technology aims to provide non-invasive early detection and screening, potentially complementing existing diagnostic pathways [3][4]. Management Perspective - The CEO of Reliance Global Group emphasized the importance of early detection in improving patient outcomes and healthcare economics. The acquisition aligns with the company's mission to leverage AI to disrupt traditional industries and create long-term shareholder value [6][7].

Core Insights - Reliance Global Group, Inc. has announced the formation of EZRA International Group, a new division aimed at acquiring controlling stakes in high-tech Israeli companies, focusing on sectors such as Cybersecurity, AI & Data Analytics, FinTech & InsurTech, and MedTech & Digital Health [1][2] - The strategy is designed to leverage the company's public listing and anticipated cash flow to provide shareholders with exposure to innovative, high-growth technologies, potentially unlocking significant value [2][3] Company Strategy - EZRA International Group will focus on acquiring significant ownership stakes to influence strategy, governance, capital formation, and execution, positioning the company for long-term growth and value creation [2] - The company aims to benefit from its ties and expertise within the Israeli innovation ecosystem, which is characterized by technical talent, entrepreneurial culture, and capital efficiency [3] Business Overview - Reliance Global Group, Inc. is an InsurTech pioneer utilizing AI and cloud-based technologies to enhance efficiencies in the insurance agency and brokerage industry [4] - The company's platform, RELI Exchange, offers independent insurance agencies a suite of business development tools, while its consumer platform, 5minuteinsure.com, provides quick online insurance quotes [4]