Reliance Global Group, Inc.

Good day, everyone. Welcome to the Reliance Global Group First Quarter Business Update Conference Call. At this time, all participants have been placed on a listen-only mode, and the floor will be open for your questions and comments after the presentation. It is now my pleasure to turn the floor over to your host, Ted Avis, Investor Relations. Ted, the floor is yours.

Thanks, Kelly. Good afternoon, and thank you for joining Reliance Global Group's 2025 First Quarter Business Financial Results and Business Update Conference Call. On the call with us today are Ezra Bayman, Chairman and Chief Executive Officer of Reliance Global Group, and Joe Markovits, Chief Financial Officer at Reliance. Earlier today, the company announced its operating results for the quarter ended March 31, 2025, and the press release is posted on the company's website, www.relianceglobalgroup.com. In addition, the company will be filing its quarterly report on Form 10-Q with the U.S. Securities and Exchange Commission today, which can also be accessed on the company's website as well as the SEC's website at www.sec.gov. If you have any questions after the call or would like any additional information about the company, please contact Crescendo Communications at 212-671-1020. Before Mr. Baiman reviews the company's operating results for the quarter ended March 31st, 2025, we would like to remind everyone that this conference call may contain forward-looking statements. All statements other than statements of historical facts contained in this conference call, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations are forward-looking statements. The words anticipate, estimate, expect, project, plan, seek, intend, believe, may, might, will, should, could, likely, continue, design, and the negative of such terms and other words in terms of similar expression are intended to identify forward-looking statements. These forward-looking statements are based largely on the company's current expectations and projections about future events and trends that it believes may affect its financial condition, results of operations, strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements are subject to several risks, uncertainties, and assumptions, as described in the company's Form 10-K filed with the U.S. Securities and Exchange Commission. Because of these risks, uncertainties, and assumptions, the forward-looking events and circumstances discussed in this conference call may not occur, and actual results could differ materially and adversely from those anticipated or applied in the forward-looking statement. You should not rely upon forward-looking statements as predictions of future events. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievement. In addition, neither the company or any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The company disclaims any duty to update any of these forward-looking statements. All forward-looking statements attributable to the company are expressly qualified in their entirety by these cautionary statements as well as others made on this conference call. You should evaluate all forward-looking statements made by the company in the context of these risks and uncertainties. Having said that, I would now like to turn the call over to Ezra Bayman, Chairman and Chief Executive Officer of Reliance Global Group.

Ezra? Yes. Thanks, Ted. Good afternoon and thank you to everyone for joining us today. I'm pleased to report that we're starting off 2025 on a strong note with improved financial results that build on the solid momentum we've established in 2024. We've seen meaningful growth in our organic revenues, which speaks to the progress we're making in expanding our market share. At the same time, we significantly reduced our net loss and delivered an increase in EBITDA. These gains reflect the continued benefits of our disciplined financial approach, the efficiency we've achieved through our streamlined one-firm operating model, and the absence of impairment charges that impacted last year's results. Altogether, the momentum we're seeing has strengthened our foundation and positioned Reliance Global Group for scalable long-term growth with greater profitability. One of the most exciting developments this quarter is the launch of auto-releasing, which A transformative new service enables our Relay Exchange agency partners to offer vehicle leasing to clients, any vehicle delivered to any location in the U.S. while earning commissions on both the lease and the related insurance policy. The service is fully integrated into the agent dashboard, requiring no additional training in auto finance. Agents now can guide clients through leasing options during standard policy consultations, whether for new vehicles or replacements after accidents. Clients benefit from competitive pricing, nationwide delivery, and advanced insight into how different vehicles may impact their premiums. This integration deepens client relationships and introduces a powerful recurring revenue stream for our partners. Early feedback from agents has been outstanding, and we believe this innovation further distinguishes Reliance Change as a complete solution for independent agencies. We are also nearing completion of the Spentner Associates acquisition, a strategic transaction that will expand our market footprint and enhance our agency network. Spentner brings deep experience in personal and commercial lines, along with strong client relationships and a proven team of agents. Their integration will add scale, complement our existing capabilities, and create immediate cross-selling opportunities across Reli exchange offerings, particularly Quotam, Bind, and Reli Auto Leasing. We expect this acquisition to contribute meaningfully both to both revenue growth and margin improvement through synergies, and we view it as a significant step toward our insured tech growth strategy. With these milestones, we rely on releasing the continued enhancement of our quote and buy-in platform and the upcoming Spender Associates In segregation, we are more confident than ever in our trajectory towards scalable, long-term growth. Each initiative adds meaningful dimension to our strategy, expanding services for our agency partners, increasing revenue opportunities, and strengthening our presence across key markets. Rely Auto Leasing introduces a powerful new offering that allows agents to better serve their clients while generating additional income. Our quote and buy platform continues to streamline the insurance process through automation and expanded carrier access. Meanwhile, the integration of Spentner Associates is expected to broaden our footprint, complement our capabilities, and create valuable cross-selling opportunities across the platform. Together, these efforts reflect our ongoing commitment to innovation, discipline growth, and shareholder value. We look forward to building on this momentum as we move through 2025 and beyond. I would like to now turn the call over to Joel Markowitz, Chief Financial Officer of Reliance Global, to review the financial results for the quarter ended March 31st, 2025. Joel?