Rivalry to Present at Maxim Virtual Investor Conference

Rhea-AI Summary

Rivalry Corp. (RVLCF), a leading sportsbook and iGaming operator for Gen Z, announced that its Co-founder and CEO, Steven Salz, will participate in the Maxim Group Virtual TMT Conference on June 5, 2024. Salz will engage in a live fireside chat with Maxim senior research analyst Jack Vander Aarde at 11:00 am. The discussion will highlight Rivalry’s expansion into the cryptocurrency sector, particularly focusing on its recently unveiled blockchain-based Rivalry Token. This token aims to enhance functionality, economics, and user experiences across Rivalry’s products. The session will be webcast live on M-Vest, requiring participants to sign up for M-Vest membership. The event is part of a two-day conference titled 'Charting the Course: Navigating the Intersection of TMT and Business in the AI Era,' focusing on how companies use AI and other technologies for future growth.

Positive

• Rivalry is expanding into the cryptocurrency market with the launch of the blockchain-based Rivalry Token.
• The Rivalry Token aims to improve functionality, economics, and user experiences, indicating ongoing innovation.
• Participation in the Maxim Group Virtual TMT Conference provides exposure to potential investors.
• Highlighting the company’s use of AI positions Rivalry as forward-thinking and tech-savvy.

Negative

• No financial data or business performance metrics were disclosed in the press release.
• The effectiveness and acceptance of the new Rivalry Token are unproven and pose a potential risk.
• Participation in conferences does not guarantee increased investments or stock performance.

TORONTO, June 04, 2024 (GLOBE NEWSWIRE) -- Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY) (OTCQX: RVLCF) (FSE: 9VK), the leading sportsbook and iGaming operator for Gen Z, today announced that its Co-founder and CEO, Steven Salz, will participate in the Maxim Group Virtual TMT Conference on June 5, 2024.

Salz will join Maxim senior research analyst Jack Vander Aarde for a live fireside chat at 11:00 am on Wednesday, June 5. The discussion will focus on the Company’s expansion into the cryptocurrency segment, including its recently revealed blockchain-based token Rivalry Token, which is set to add increased functionality, economics, and user experiences across the Company’s product suite and continuing Rivalry’s track record of innovation in online betting.

The session will be webcast live on M-Vest at https://m-vest.com/events/tmt-06042024. To attend, participants must sign up to become an M-Vest member. The session can also be accessed from the Events section of Rivalry’s website at www.rivalrycorp.com.

The Rivalry session is part of a two-day event titled “Charting the Course: Navigating the Intersection of TMT and Business in the AI Era.” The conference will explore how emerging growth companies are leveraging new technologies such as Artificial Intelligence (AI) to position themselves for the future.

About Rivalry

Rivalry Corp. wholly owns and operates Rivalry Limited, a leading sport betting and media company offering fully regulated online wagering on esports, traditional sports, and casino for the next generation of fans. Based in Toronto, Rivalry operates a global team in more than 20 countries and growing. Rivalry Limited has held an Isle of Man license since 2018, considered one of the premier online gambling jurisdictions. Rivalry also holds a sports bookmaker license in Australia and an internet gaming registration in Ontario, and is currently in the process of obtaining additional country licenses. Rivalry’s sportsbook is built on a proprietary tech stack and features a variety of originally developed products geared for Millennial and Gen Z fans including Same Game Combos, an esports parlay product, original casino games, and an interactive casino platform, Casino.exe.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Company Contact:
Steven Salz, Co-founder & CEO
ss@rivalry.com
416-565-4713

Investor Contact:
Oakstrom Advisors
Jeff Codispodi
investors@rivalry.com

Media Contact:
Cody Luongo, PR & Communications
cody@rivalry.com
203-947-1936

Cautionary Note Regarding Forward-Looking Information and Statements

This news release contains certain forward-looking information within the meaning of applicable Canadian securities laws (“forward-looking statements”). All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “project” and similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking statements in this news release include, but are not limited to, statements in respect of the launch of Rivalry Token and the potential impact thereof on the Company’s business prospects.

Forward-looking statements are based on the opinions and estimates of management of the Company at the date the statements are made based on information then available to the Company. Various factors and assumptions are applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Forward-looking statements are subject to and involve a number of known and unknown, variables, risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Such factors, among other things, include regulatory or political change such as changes in applicable laws and regulations; the ability to obtain and maintain required licenses; the esports and sports betting industry being a heavily regulated industry; the complex and evolving regulatory environment for the online gaming and online gambling industry; the success of esports and other betting products are not guaranteed; changes in public perception of the esports and online gambling industry; failure to retain or add customers; the Company having a limited operating history; negative cash flow from operations; operational risks; cybersecurity risks; reliance on management; reliance on third parties and third-party networks; exchange rate risks; risks related to cryptocurrency transactions; risk of intellectual property infringement or invalid claims; the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and general economic, market and business conditions. For additional risks, please see the Company’s MD&A dated April 30, 2024 under the heading “Risk Factors”, and other disclosure documents available on the Company’s SEDAR+ profile at www.sedarplus.ca.

No assurance can be given that the expectations reflected in forward-looking statements will prove to be correct. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.

Source: Rivalry Corp.

FAQ

What is the focus of Rivalry Corp.'s presentation at the Maxim Virtual TMT Conference?

Rivalry Corp. will discuss its expansion into the cryptocurrency market and the launch of its blockchain-based Rivalry Token.

When will Rivalry's CEO participate in the Maxim Virtual TMT Conference?

Steven Salz will participate on June 5, 2024, at 11:00 am.

How can I watch Rivalry Corp.'s session at the Maxim Virtual TMT Conference?

The session will be webcast live on M-Vest, and participants need to sign up for M-Vest membership to access it.

What is the significance of Rivalry Token?

Rivalry Token is a blockchain-based token designed to enhance functionality, economics, and user experiences across Rivalry's products.

What is the overall theme of the Maxim Group Virtual TMT Conference?

The conference is titled 'Charting the Course: Navigating the Intersection of TMT and Business in the AI Era,' focusing on how companies leverage AI and new technologies.