B2Digital Announces the Resignation of Robert C. Russell

PHOENIX, May. 16 /PRNewswire/ --

PHOENIX, May 16 /PRNewswire-FirstCall/ -- B2Digital, Inc. -- The Board of Directors of B2Digital today announced that Robert C. Russell has stepped down as President and Chief Executive Officer to pursue other interests. He will remain as Chairman of the Board of Directors. The Board of has elected Paul D. H. LaBarre, B2's Chief Operating Officer, as President and CEO. Mr. LaBarre is quoted as saying, "After our success with this year's Superbowl the Company is planning to focus on building up its direct sales to cable consumers and to professional markets."

The company does not expect to make any additional structural changes or executive leadership changes at this time.

About B2Digital

B2Digital is a leading innovator in the delivery of digital content. B2Digital is actively designing new technologies to be integrated into existing content delivery platforms for small to medium-sized cable television companies, allowing cable companies to deliver more and higher quality services through existing hardware platforms. B2Digital, through its wholly owned subsidiary Hotel Movie Network, also owns a minority interest in B2 Networks http://www.B2now.com, a provider of community oriented content through Internet Protocol Television.

More information about the company is available at our website: http://www.B2Digital.us

Forward Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the Company and its subsidiaries. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by the Company may differ materially from these statements due to a number of factors. Any forward-looking statements speak only as of the date made. Statements made in this release that are not purely historical are forward-looking statements, beliefs, plans, expectations or intentions regarding the future. Risk factors that may cause results to differ from projections include, without limitation, loss of suppliers, loss of customers, inadequate capital, competition, loss of key executives, declining prices, and other economic factors. The Company assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. Investors should independently investigate and fully understand all risks before making investment decisions.