NEW YORK, NY -- July 24, 2023 -- InvestorsHub NewsWire
-- Dear Cashmere Holding Company (OTC:
DRCR) known as Swifty Global (Swifty) is a technology company
focused on creating highly scalable ground-breaking solutions and
products in the Sports Betting Sector. The company is licensed in
multiple jurisdictions and operates across five countries while
expanding its license footprint. In 2022, following several years
of technology development, the company launched its proprietary
swipe betting Sports Predictions App, Sportsbook, Casino platforms.
In only its first 12 months of trading, Swifty has already
delivered $68 million in revenue and profitable cashflow. The
company is in a strong position as it prepares for an exciting
phase of territorial expansion and new technology launches.
Swifty’s growth continues to accelerate, and the company is
elevating itself towards its goal of becoming a global leader in
the gambling sector. The company has successfully implemented its
technology and repeatedly proven that its products are ready to be
scaled into new markets globally. Having recently applied for
licenses in new territories, Swifty will soon be rolling out the
new version of its platform as part of its scale up strategy which
is expected to deliver increased revenue and profitability for the
company.
Swifty aims to complete its name and ticker change with FINRA as
soon as possible. Due to challenges regarding historical company
records from previous management of the company, this application
has been delayed while the company goes through the administrative
processes needed for the application.
Furthermore, Swifty has decided that due to timing and current
macro-economic conditions, it will delay the filing of its S-1
Registration Statement. The S-1 is prepared for filing and the
company has the required governance, audited financials, and
administration for the filing, however, management believes that
the timing is not optimal while the company explores its potential
uplist plans. Swifty is committed to becoming fully reporting and
should the company decide to pause its S-1 filing for an extended
period of time, it will file a Form 10 to become fully
reporting.
Part of the consideration to delay the S-1 filing is the fact
that the OTC Market continues to be depressed and face significant
headwind, with this bearing no reflection or representation of
Swifty’s performance as a company. Based on global industry
standards, including EBITDA and current year metrics, while
excluding Swifty’s proprietary technology, scalability,
Intellectual Property and Licenses, management believes the
company’s realistic valuation exceeds $40 million.
Swifty has already applied for its gambling licenses in South
Africa and Ireland and will provide further information when these
licenses are available. Such licenses can typically take between
six to nine months for approval.
Swifty Global CEO, James Gibbons, commented: “While the market
conditions are extremely disappointing and cyclical trends in the
markets are inevitable, this is no reflection on our performance as
a business which is continuing a significant upwards growth curve.
This is only set to increase as we release our new technology and
expand into new territories. With our new version of the Swifty
platform almost ready for release, we have developed the technology
which can compete alongside and even outperform some of the best
platforms in the industry. Despite the markets, we are more bullish
about the business and the future of Swifty than ever before.”
Swifty’s growing team of high-calibre technical, management and
operational staff are based out of our offices in the UK, Eastern
Europe, South Africa, and Dubai. Swifty continues to expand its
workforce to support its growth plans.
Swifty Global Chairman, Nicolas Link, commented: “We are in
particularly good shape to harness our next phase of growth. James
and the Swifty team are growing a lean, efficient and
technologically advanced operation which is ready to scale. I have
the utmost confidence in the company, products, and team to become
a billion-dollar company. Along with our Shareholders, we are very
disappointed in the share price of the company, however I believe
this presents a significant opportunity for genuine medium and
long-term investors. Based on pure fundamentals, the company’s
stock is significantly discounted, and, in my view, this business
represents a significant opportunity.”
For regular updates, you are invited you to follow Swifty Global
on Twitter and LinkedIn.
For further information on the company’s latest news please see
their communication channels:
Website: https://swifty.global
Swifty Gaming Website: https://www.swiftygaming.com
Twitter: https://twitter.com/SwiftyGlobal
LinkedIn: https://www.linkedin.com/company/swifty-global
Email: hello@swifty.global
Related links:
https://www.otcmarkets.com/stock/DRCR/profile
Source: DRCR
Forward-Looking Statement
Certain information set forth in this press release contains
"forward-looking information", including "future-oriented financial
information" and "financial outlook", under applicable securities
laws (collectively referred to herein as forward-looking
statements). Except for statements of historical fact, the
information contained herein constitutes forward-looking statements
and includes, but is not limited to, the (i) projected financial
performance of the Company; (ii) completion of, and the use of
proceeds from, the sale of the shares being offered hereunder;
(iii) the expected development of the Company's business, projects,
and joint ventures; (iv) execution of the Company's vision and
growth strategy, including with respect to future M&A activity
and global growth; (v) sources and availability of third-party
financing for the Company's projects; (vi) completion of the
Company's projects that are currently underway, in development or
otherwise under consideration; (vi) renewal of the Company's
current customer, supplier and other material agreements; and (vii)
future liquidity, working capital, and capital requirements.
Forward-looking statements are provided to allow potential
investors the opportunity to understand management's beliefs and
opinions in respect of the future so that they may use such beliefs
and opinions as one factor in evaluating an investment. These
statements are not guarantees of future performance and undue
reliance should not be placed on them. Such forward-looking
statements necessarily involve known and unknown risks and
uncertainties, which may cause actual performance and financial
results in future periods to differ materially from any projections
of future performance or result expressed or implied by such
forward-looking statements. Although forward-looking statements
contained in this presentation are based upon what management of
the Company believes are reasonable assumptions, there can be no
assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. The Company
undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change
except as required by applicable securities laws. The reader is
cautioned not to place undue reliance on forward-looking
statements. The Securities and Exchange Commission ("SEC") has
provided guidance to issuers regarding the use of social media to
disclose material non-public information. In this regard, investors
and others should note that we announce material financial
information via official Press Releases, in addition to SEC
filings, press releases, Questions & Answers sessions, public
conference calls and webcasts also may take time from time to time.
We use these channels as well as social media to communicate with
the public about our company, our services, and other issues. It is
possible that the information we post on social media could be
deemed to be material information. Therefore, in light of the SEC's
guidance, we encourage investors, the media, and others interested
in our company to review the information we post on the following
social & media channels:
Website: https://swifty.global
Twitter: https://twitter.com/SwiftyGlobal
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