LAKEWOOD, N.J., Sept. 23, 2022 (GLOBE NEWSWIRE) -- 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 that its Board of Directors (the “Board”) authorized a share repurchase program under which the Company may repurchase up to 3.0 million shares of its outstanding common stock, which will become effective three business days after the date the Company issues its quarterly earnings release for the three months ended September 30, 2022 (the “Commencement Date”), which the Company currently anticipates issuing on or about November 14, 2022.

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