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].

LAKEWOOD, NJ, Jan. 05, 2026 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI) (the “Company”) today announced the unanimous Board approval for its formation of EZRA International Group, a new division focused on acquiring controlling stakes and accelerating growth of high-tech Israeli companies, with an initial focus on the Cybersecurity, AI & Data Analytics, FinTech & InsurTech, as well as MedTech & Digital Health sectors. Through this initiative, the Company intends to pursue a structured pat ...

Core Insights - Reliance Global Group, Inc. has finalized the sale of two non-core subsidiaries, Employee Benefits Solutions, LLC and U.S. Benefits Alliance, LLC, as part of a balance sheet rationalization program aimed at enhancing the company's ability to pursue new initiatives [1][2] - The company plans to use 50% of the net proceeds from the sale to reduce debt, with the remaining funds reinvested into strategic business initiatives [2][3] Financial Strategy - The sale is part of a broader strategy to focus on areas that are expected to yield better returns on investment, with Reliance having integrated strategic elements of the sold subsidiaries into its core operations [2][3] - The company has successfully reduced its long-term debt by approximately $6 million, or over 50%, during 2025, which strengthens its balance sheet and increases investment capacity [3] Business Operations - Reliance Global Group operates the RELI Exchange platform, which provides independent insurance agencies with business development tools, and the 5minuteinsure.com platform, which offers competitive online insurance quotes [4] - The company aims to enhance its competitive position and scale its operations through reinvestment in its core platforms following the divestiture [3][4]

Core Insights - Reliance Global Group, Inc. has entered into a non-binding letter of intent to sell its subsidiaries, U.S. Benefits Alliance, LLC and Employee Benefits Solutions, LLC, as part of its strategy to monetize non-core assets and strengthen its balance sheet [1][2] - The company plans to use 50% of the net proceeds from the sale to reduce debt, enhancing its financial flexibility and capital structure [2][3] - The remaining proceeds will be allocated to business development initiatives, particularly focusing on expanding the platforms RELI Exchange and 5minuteinsure.com, which aim to innovate the insurance market [2][3] Company Strategy - The sale of the EBS/USBA business unit is a significant step in Reliance's transformation into a technology-first wholesale insurance organization [2] - The company emphasizes a disciplined capital allocation strategy, aiming to sharpen its focus on segments with the greatest long-term opportunities for scale and profitability [2][3] - Reliance Global Group is leveraging AI and cloud-based technologies to improve efficiencies in the insurance agency and brokerage industry [3] Business Platforms - RELI Exchange provides independent insurance agencies with a suite of business development tools to compete effectively against larger national agencies [3] - 5minuteinsure.com utilizes AI and data mining to deliver quick and personalized insurance quotes to consumers, enhancing user experience in purchasing auto, home, and life insurance [3]

Core Insights - Reliance Global Group has appointed Blake Janover as Chairman of its Crypto Advisory Board, aiming to enhance its blockchain-based value creation strategies in InsurTech and decentralized finance [1][6][7] - Janover is recognized for his leadership in integrating digital assets into public markets and will guide Reliance's Digital Asset Treasury initiative [2][5] - The appointment is strategically timed following significant consolidation in the crypto markets, which may present opportunities for disciplined digital asset allocation [6] Company Overview - Reliance Global Group, Inc. operates at the intersection of InsurTech and decentralized finance, leveraging AI and cloud technologies to improve efficiencies in the insurance industry [7] - The company offers a business-to-business InsurTech platform, RELI Exchange, and a consumer platform, 5minuteinsure.com, which provides quick online insurance quotes [7] Leadership Background - Blake Janover has over 20 years of experience and has been involved in billions of dollars in commercial property transactions and equity capital markets [4] - He previously founded and led Janover, which went public in 2023 and transitioned into Defi Development Corporation, focusing on digital asset transformation [2][4] Strategic Initiatives - As Chairman, Janover will collaborate with Reliance's management to advance the Digital Asset Treasury strategy and explore opportunities for tokenizing insurance-linked assets [5][6] - The tokenization initiative aims to enhance liquidity, accessibility, and efficiency in the insurance-linked marketplace, merging insurance with decentralized finance [6]

Core Insights - Reliance Global Group, Inc. reported a significant transformation in its financial position, highlighted by the $5 million sale of Fortman Insurance Services, resulting in a $3 million gain and a 50% reduction in long-term debt [2][4] - The company is on track to issue its first-ever dividend of $0.03 per share, payable on December 2, 2025, reflecting confidence in its operational strength and strategic direction [4][5] - The company is advancing its Digital Asset Treasury Initiative, integrating blockchain technology into its capital appreciation model, and has acquired positions in several leading digital assets [2][6] Financial Performance - Unrestricted cash increased by approximately 590%, or $2.2 million, to $2.6 million compared to the prior fiscal year-end, while working capital grew by $1.2 million, or 284%, to $1.6 million [2][9] - Equity improved by approximately $3.7 million, or 125%, to $6.8 million, indicating a strengthened balance sheet [2][9] - Commission income for Q3 2025 totaled $2.5 million, down from $3.4 million in Q3 2024, primarily due to the sale of Fortman Insurance Services [9] Operational Updates - The company has implemented a Client Service Center within its RELI Exchange platform to enhance scalability and operational efficiency [2] - Total operating expenses for the quarter included approximately $2.7 million in non-cash stock-based compensation, reflecting a strategic investment in talent retention [2][9] - The OneFirm initiative continues to drive cost alignment and operational efficiency across the organization [2] Future Outlook - The company expresses confidence in its strategic direction and long-term opportunities, emphasizing disciplined execution and sustainable growth [6] - Reliance aims to build a more focused business with stronger financial flexibility and a clear path toward long-term shareholder value [2][6]

Core Viewpoint - Reliance Global Group, Inc. will host a conference call on November 6, 2025, to discuss its third-quarter financial results and provide a business update [1]. Group 1: Conference Call Details - The conference call is scheduled for November 6, 2025, at 4:30 PM Eastern Time [1]. - U.S. callers can join the call by dialing +1 800-715-9871, while international callers can dial +1 646-307-1963 [2]. - A webcast of the call will be available on the company's investor relations website [2]. Group 2: Replay Information - A webcast replay will be accessible through the investor relations section of the company's website until November 6, 2026 [3]. - A telephone replay will be available approximately one hour after the call until November 20, 2025, with specific dialing instructions for U.S. and international callers [3]. 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 [4]. - The company's B2B platform, RELI Exchange, offers independent insurance agencies tools to compete with larger national agencies while reducing operational costs [4]. - The B2C platform, 5minuteinsure.com, provides quick online insurance quotes for auto, home, and life insurance using AI and data mining [4]. - The company also operates a portfolio of retail insurance agencies across the U.S., offering a variety of insurance products [4].

Core Insights - Reliance Global Group has acquired Solana (SOL), enhancing its Digital Asset Treasury initiative and expanding its portfolio of digital assets [1][2][3] - The addition of Solana follows previous investments in Bitcoin, Ethereum, Cardano, and XRP, reflecting a strategy to diversify across leading blockchain ecosystems [2][3] - Solana is recognized for its high transaction throughput, low costs, and a growing ecosystem of decentralized applications, making it a significant asset for Reliance [3][5] Company Strategy - The acquisition of Solana aligns with Reliance's long-term vision of integrating advanced technologies like blockchain and AI with its existing strengths in insurance and financial services [3][4] - Reliance aims to create long-term shareholder value through a disciplined approach to digital asset management and innovation [2][4] - The company has declared a special cash dividend of $0.03 per share, reflecting confidence in its financial strength and growth trajectory [4] Blockchain Ecosystem - Solana's blockchain capabilities include processing over 65,000 transactions per second, confirming blocks in approximately 400 milliseconds, and maintaining low transaction fees [5] - The network supports a diverse range of decentralized platforms and applications, contributing to its expansive ecosystem [5]

Core Viewpoint - Reliance Global Group has completed the purchase of XRP, enhancing its Digital Asset Treasury initiative and diversifying its portfolio with a top-tier cryptocurrency recognized for its speed and scalability in cross-border payments [1][2][3] Group 1: Digital Asset Strategy - The addition of XRP follows previous purchases of Bitcoin, Ethereum, and Cardano, reflecting a disciplined approach to building a diversified digital asset portfolio [2][3] - The company aims to integrate digital assets into its broader strategy, merging innovative technologies with its established strengths in insurance and financial services [3][10] - Reliance emphasizes the importance of secure custody, transparent oversight, and regulatory compliance in managing its digital assets [3][10] Group 2: XRP Characteristics - XRP is the fourth-largest cryptocurrency by market capitalization and is widely used as a bridge asset for international payments [2] - Key features of XRP include transaction settlement in 3-5 seconds, low transaction fees, partnerships with global banks for liquidity management, scalability of over 1,500 transactions per second, and energy efficiency compared to proof-of-work blockchains [5][6] Group 3: Long-term Vision - The company believes that the disciplined diversification into digital assets will capture the transformative potential of blockchain technology and drive long-term shareholder value [3][6] - Reliance's strategy includes balancing innovation with prudent governance and compliance, aiming to enhance resilience, efficiency, and growth through blockchain participation [3][6]

Core Viewpoint - Reliance Global Group has made its first Bitcoin purchase as part of its Digital Asset Treasury initiative, marking a significant step in its digital asset strategy [2][3][5] Company Strategy - The acquisition of Bitcoin follows earlier investments in Ethereum and Cardano, creating a diversified portfolio of major blockchain assets [2][3][6] - Chairman and CEO Ezra Beyman described the Bitcoin purchase as a natural progression in building a resilient treasury [3] Investment Rationale - Reliance views Bitcoin as a store of value rather than a speculative asset, citing its capped supply of 21 million coins, strong security model, global liquidity, and growing institutional adoption as key reasons for the investment [4][5] - The company highlighted that Bitcoin processed approximately $19 trillion in transactions in 2024, more than doubling from the previous year, indicating rising usage [4] Broader Digital Asset Initiative - The company's digital asset strategy includes holding Bitcoin, Ethereum, and Cardano, which provides exposure to payments, smart contracts, and decentralized finance [6][12] - Reliance emphasizes compliance, transparency, and secure custody as central to managing its digital assets [7] Industry Context - Reliance joins a growing list of Nasdaq and NYSE-listed companies that have added Bitcoin to their balance sheets, reflecting a shift towards blockchain innovation in traditional financial services [8][13] - The company's move is seen as a hedge strategy and may signal that more small-to-midsized firms could consider adding crypto exposure [10] Future Outlook - Reliance indicates that further acquisitions may follow as it expands its digital asset focus beyond treasury management, while maintaining regulatory compliance [11] - The current holdings of Bitcoin, Ethereum, and Cardano are viewed as foundational to the company's strategy in adapting to financial technology [12][13]