Rivalry Announces Board and Management Changes
Rhea-AI Summary
Rivalry Corp (TSXV: RVLY / OTC: RVLCF) announced board and management changes effective April 24, 2026. Four directors—Stephen Rigby, Steven Isenberg, Ryan White, and Kevin Wimer—resigned from the board. Ryan White and Kevin Wimer also resigned as CTO and COO, and Demi Abidogun-Benson resigned as Interim CFO. Rivalry said it will provide further updates as appropriate.
Positive
- Board turnover may enable a refreshed leadership slate
- Company committed to provide further updates
Negative
- Four directors resigned effective April 24, 2026
- Two C-suite roles (CTO, COO) vacated immediately
- Interim CFO resignation creates near-term finance leadership gap
TORONTO, April 24, 2026 (GLOBE NEWSWIRE) -- Rivalry Corp. (TSXV: RVLY) (the “Company” or “Rivalry”) today announced changes to its board of directors and management as part of the Company’s ongoing operational transition.
The Company announces that Stephen Rigby, Steven Isenberg, Ryan White, and Kevin Wimer have resigned from the Company’s board of directors effective as of today. In addition, Ryan White has resigned from his role as Chief Technology Officer and Kevin Wimer has resigned from his role as Chief Operating Officer.
The Company also announces that Demi Abidogun-Benson has resigned from her position as Interim Chief Financial Officer.
Rivalry will provide further updates as appropriate.
About Rivalry
Rivalry Corp. is a Toronto-based company and the parent of an international regulated online gaming and sports betting brand. Rivalry previously operated in multiple jurisdictions and continues to evaluate strategic alternatives related to its business and assets.
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, the potential strategic alternatives that may be available to the Company.
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 and the Company’s ability to operate as a going concern; 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 management’s discussion and analysis for the 12 months ended December 31, 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.
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