Rivalry to Report Second Quarter 2024 Results on August 29, Announces Management Change
Rivalry Corp. (TSXV: RVLY) (OTCQX: RVLCF), a leading sportsbook and iGaming operator for Gen Z, has announced it will release its Q2 2024 financial results on August 29, 2024, before market open. The company will host an investor conference call at 10:00 am EDT on the same day to discuss the results.
Additionally, Rivalry has announced a management change. Demi Abidogun-Benson will assume the role of Interim Chief Financial Officer effective August 16, 2024, replacing Kejda Qorri. Abidogun-Benson, who joined Rivalry in February 2022, brings over a decade of experience in corporate reporting, auditing, and strategic planning.
Rivalry Corp. (TSXV: RVLY) (OTCQX: RVLCF), un operatore leader nel settore delle scommesse sportive e iGaming per la Generazione Z, ha annunciato che rilascerà i suoi risultati finanziari del Q2 2024 il 29 agosto 2024, prima dell'apertura del mercato. L'azienda ospiterà una conference call per gli investitori alle 10:00 EDT dello stesso giorno per discutere i risultati.
Inoltre, Rivalry ha annunciato un cambiamento nella gestione. Demi Abidogun-Benson assumerà il ruolo di Chief Financial Officer ad interim a partire dal 16 agosto 2024, sostituendo Kejda Qorri. Abidogun-Benson, che è entrato a far parte di Rivalry nel febbraio 2022, porta con sé oltre un decennio di esperienza nella reportistica aziendale, auditing e pianificazione strategica.
Rivalry Corp. (TSXV: RVLY) (OTCQX: RVLCF), un operador líder en apuestas deportivas e iGaming para la Generación Z, ha anunciado que presentará sus resultados financieros del Q2 2024 el 29 de agosto de 2024, antes de la apertura del mercado. La empresa llevará a cabo una llamada de conferencia para inversores a las 10:00 am EDT el mismo día para discutir los resultados.
Además, Rivalry ha anunciado un cambio en la gestión. Demi Abidogun-Benson asumirá el cargo de Director Financiero Interino a partir del 16 de agosto de 2024, reemplazando a Kejda Qorri. Abidogun-Benson, quien se unió a Rivalry en febrero de 2022, aporta más de una década de experiencia en informes corporativos, auditoría y planificación estratégica.
Rivalry Corp. (TSXV: RVLY) (OTCQX: RVLCF)는 Z세대를 위한 주요 스포츠북 및 iGaming 운영업체로서 2024년 2분기 재무 결과를 2024년 8월 29일 시장 개장 전 발표할 것이라고 발표했습니다. 회사는 같은 날 오전 10시 EDT에 투자자 컨퍼런스 콜을 진행하여 결과를 논의합니다.
또한, Rivalry는 경영진 변화를 발표했습니다. Demi Abidogun-Benson이 2024년 8월 16일부터 임시 최고 재무 책임자 역할을 맡으며, Kejda Qorri를 대체하게 됩니다. Abidogun-Benson은 2022년 2월에 Rivalry에 합류했으며, 기업 보고서 작성, 감사 및 전략 계획 분야에서 10년 이상의 경험을 보유하고 있습니다.
Rivalry Corp. (TSXV: RVLY) (OTCQX: RVLCF), un acteur majeur des paris sportifs et de l'iGaming pour la Génération Z, a annoncé qu'elle publiera ses résultats financiers du 2ème trimestre 2024 le 29 août 2024, avant l'ouverture du marché. L'entreprise organisera une conférence téléphonique pour les investisseurs à 10h00 EDT le même jour pour discuter des résultats.
De plus, Rivalry a annoncé un changement de direction. Demi Abidogun-Benson assumera le rôle de Directeur Financier par intérim à compter du 16 août 2024, remplaçant Kejda Qorri. Abidogun-Benson, qui a rejoint Rivalry en février 2022, apporte plus de dix ans d'expérience en reporting d'entreprise, en audit et en planification stratégique.
Rivalry Corp. (TSXV: RVLY) (OTCQX: RVLCF), ein führender Sportwetten- und iGaming-Betreiber für die Generation Z, hat angekündigt, dass die Finanzergebnisse des 2. Quartals 2024 am 29. August 2024 vor Handelsbeginn veröffentlicht werden. Das Unternehmen wird am selben Tag um 10:00 Uhr EDT eine Investorenkonferenzschaltung abhalten, um die Ergebnisse zu besprechen.
Darüber hinaus hat Rivalry eine Änderung im Management angekündigt. Demi Abidogun-Benson wird ab dem 16. August 2024 die Rolle des Interim Chief Financial Officer übernehmen und Kejda Qorri ersetzen. Abidogun-Benson, der im Februar 2022 zu Rivalry kam, bringt über ein Jahrzehnt Erfahrung in der Unternehmensberichterstattung, Prüfung und strategischen Planung mit.
- Timely reporting of Q2 2024 financial results, indicating transparency
- Smooth transition in CFO role with an experienced internal candidate
- Departure of long-standing CFO Kejda Qorri
TORONTO, Aug. 16, 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 details of its planned release of second quarter 2024 financial results.
The Company expects to file its Q2 2024 results the morning of Thursday, August 29, 2024 prior to the commencement of trading on the TSX Venture Exchange. Management plans to host an investor conference call that same day at 10:00 am EDT to discuss the results.
| Conference Call Details | |
| Timing: | Thursday, August 29, 2024 at 10:00 am EDT |
| Dial-in: | 1-800-717-1738 (toll free) or (+1) 289-514-5100 (local or international calls) |
| Webcast: | A live webcast can be accessed from the Events section of the Company’s website at www.rivalrycorp.com or at this link. |
| A replay of the webcast will be archived on the Company’s website for one year. | |
Company Announces CFO Change
Rivalry has also announced that Demi Abidogun-Benson will assume the role of Interim Chief Financial Officer effective August 16, 2024, replacing Kejda Qorri in the role.
Demi is a financial leader with over a decade of experience in corporate reporting, auditing, and strategic planning. Prior to joining Rivalry in February 2022, Demi was the Director of Finance at Swash Digital and spent more than ten years with Deloitte Canada working across the UK, Southeast Europe, and Canada.
“Kejda has been an integral member of our team since day one, leading the charge on our financial management strategy, public listing, and many other key initiatives across the Company,” said Steven Salz, Rivalry Co-founder and CEO. “We deeply respect her decision to transition out of her role in order to spend time with family, and on behalf of the entire team, we wish Kejda all the best in her future endeavors. I’m also very excited to have Demi, a long-standing and key member of our finance team, step in as Interim CFO where I’m confident she will succeed.”
“It has been a pleasure to serve as Rivalry’s CFO and work alongside one of the most talented teams in the gambling industry,” said Kejda Qorri. “I have a tremendous amount of confidence in the brand, its leadership team, and look forward to watching them grow. I also want to congratulate Demi who will be stepping in as Interim CFO. Demi is a natural leader with a deep understanding of Rivalry’s business, and I’m positive she will continue her track record of achievement in this new role.”
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 players. 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 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 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 annual information form for the year ended December 31, 2022 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.
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