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Reliance Global Group Closes Sale of Fortman Insurance for $5 Million in Cash

Provided By GlobeNewswire

Last update: Jul 8, 2025

LAKEWOOD, NJ, July 08, 2025 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI) (“Reliance,” “we,” “us,” “our” or the “Company”) today announced it has completed an asset sale of Fortman Insurance Services (“Fortman”), a wholly owned subsidiary, for $5 million in cash. The transaction marks the successful execution of a strategic initiative to monetize a non-core asset and further strengthen the Company’s financial position.

Read more at globenewswire.com

RELIANCE GLOBAL GROUP INC

NASDAQ:RELI (7/30/2025, 8:00:01 PM)

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RELIANCE GLOBAL -CW26

NASDAQ:RELIW (7/29/2025, 8:16:31 PM)

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