NEW YORK, NY / ACCESSWIRE / November 8, 2018 / Reliance Global Group, Inc. (OTC PINK: EOMN) is pleased to announce that it has entered into an exclusive six-month agreement with The Referral Depot (TRD), a one-of-a-kind software-based referral program made for the insurance industry, placing TRD under Reliance's full management and control, for the benefit of Reliances's recently-acquired subsidiaries, Employee Benefits Alliance (EBS) and US Benefits Alliance (USBA). TRD's principal sold EBS and USBA to Reliance in September and remains an employee.
TRD's easy to use software makes it simple for insurance professionals to refer business which they don't write to other insurance professionals that do, for a commission split or other incentive. Pursuant to the agreement, all commissions or overrides earned by Reliance during the six-month period of the agreement will be owned by Reliance in perpetuity, whether or not the agreement is renewed. At the end of the six-month agreement, Reliance has the right to purchase TRD outright. Reliance has agreed to pay the relatively minimal management, maintenance and marketing costs.
The one-of-a-kind software is already in use by EBS and USBA, as well as in use within the independent agency community. EBS and USBA have further been engaged in talks with large national insurance agencies, to have this software implemented within their sales force team.
Reliance also announces that it has applied to FINRA for a symbol change, closer to its new corporate name.
SOURCE: Ethos Media Network, Inc.