All-Cash Acquisition Completed; Company Remains Debt-Free Oblivus Provides On-Demand GPU Cloud Computing for AI Training and Inference and Operates a Proprietary GPU Marketplace Company Plans to Scale Rapidly From Approximately $1.5 Million in Annual Revenue, With Discussions Underway on Additional Growth Opportunities LAKEWOOD, NJ , Nov. 04, 2026 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: EZRA) (“Reliance,” “EZRA” or the “Company”) today announced that it has completed the acquisition of the assets of Oblivus, a GPU cloud provider and marketplace operator,[ from Skyportal Inc. ], marking the Company’s entry into the AI cloud and infrastructure market. The acquisition closed on November 3, 2026 , on the timeline announced in October, and was funded entirely in cash from cash on hand, with no shares of the Company’s common stock issued as consideration for the acquired assets. The Company remains debt-free following the closing. Oblivus generated approximately $1.5 million in revenue during the twelve months ended September, 2026, based on the seller’s unaudited records, bringing an established customer base and proven GPU cloud technology to Reliance. With discussions underway regarding additional business opportunities, the Company is targeting substantial revenue growth through additional computing capacity, customer acquisition and investment in the platform. As previously announced, the purchase price consists of $3,000,000 paid in cash at closing and up to $750,000 of additional cash payments contingent on the acquired business achieving specified revenue milestones during the twelve months following closing, of which $375,000 was deposited into escrow at closing. The acquisition was completed through GPU Exchange Corp. , a newly formed, wholly-owned subsidiary of the Company. Under a consulting agreement entered into at closing, the founder of Oblivus will provide business development, strategic advisory and transition services for twelve months in exchange for $250,000 in cash, payable in monthly installments, and will be eligible to receive shares of the Company’s common stock with an aggregate value of up to $600,000 , of which $50,000 is issuable within 30 days following closing and the balance only if the Company’s common stock closes at or above $5.00 , $7.00 and $10.00 per share, respectively, for three consecutive trading days[, subject to approval by the Company’s Board of Directors]. The Company also holds a right, exercisable at its option, to invest up to $500,000 in the seller. Additional information regarding the acquisition will be included in a Current Report on Form 8-K to be filed by the Company with the Securities and Exchange Commission. As previously announced, Reliance plans to adopt GPU Exchange as its doing-business-as (“DBA”) name and to change its Nasdaq trading symbol from EZRA to XGPU, and the acquired business will operate under the GPU Exchange brand. The Company will announce the effective date of any ticker change separately, and its shares currently continue to trade under EZRA. “Oblivus gives us an established, revenue-generating platform to build on,” said Ezra Beyman , Chairman and Chief Executive Officer of Reliance Global Group . “We intend to grow this business dramatically.” “Our focus now is execution,” said Judah Korman , Chief Operating Officer of Reliance Global Group . “We are expanding GPU capacity, growing the customer base and working to convert the opportunities in front of us into revenue. GPU Exchange will bring these efforts together under one brand.” Oblivus provides developers and businesses with access to GPU computing resources for AI training, inference and other demanding workloads. Customers can deploy and manage computing instances through its online platform and API, with on-demand and reserved capacity options. Its proprietary GPU marketplace connects customers with available computing capacity and enables third-party hardware owners to earn rental revenue by offering their hardware through the platform. Reliance’s growth strategy combines investment in a Company-owned GPU fleet with expansion of the platform’s third-party GPU marketplace. The Company intends to increase computing supply, attract additional hardware providers and broaden customer adoption, with the objective of establishing GPU Exchange as an accessible destination for customers seeking GPU computing power and for hardware owners seeking to monetize available capacity. These initiatives build on the strategy outlined in the Company’s October 22, 2026 announcement of the transaction. With the acquisition complete, Reliance is moving to expand the business through investment in computing capacity, platform development and new business opportunities. Management’s objective is to scale revenue substantially beyond Oblivus’s existing base. Reliance continues to operate, enhance and grow its RELI Exchange insurance platform alongside the new business. About Reliance