Business
OTC: DRCR, Swifty Global (Dear Cashmere Holding Company) has Entered into an Agreement to Acquire UK Sports Gambling Company Goldchip Limited
OTC: DRCR, Swifty Global (Dear Cashmere Holding Company) has Entered into an Agreement to Acquire UK Sports Gambling Company Goldchip Limited.
About this update from Dear Cashmere Holding Co.
[{"type":"text","content":"\n NEW YORK, NY, May 31, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Dear Cashmere Holding Company (OTC: DRCR) known as Swifty Global, is a technology company focused on creating groundbreaking solutions in the Financial and Sports Betting Sectors. The company has developed two disruptive mobile applications (apps) for sports predictions and a digital wallet which encompasses Artificial Intelligence (AI) and Cryptocurrency/Blockchain Transactions.  Swifty Global (Swifty) recently received its United Kingdom (UK) and Curacao gambling licenses and has been in final preparations for the launch of its Unique Sports Predictions app in the UK. The launch will take place once Swifty receives its GLI certificate, which certifies that its software meets UK and International Gambling standards. The company expects to receive this certification in the coming weeks. Once Swifty launches its sports predictions app in the UK, it will continue its roll out globally as the relevant licenses are obtained in each country or region/state.  In order to speed up its route to market and obtain critical mass to drive the company’s strategic growth plans, which include up listing to a major exchange as soon as possible, Swifty has come to an agreement to acquire renowned UK Sports Gambling company Goldchip Limited. Goldchip had revenues of $94 million and a net profit of $1.75 million in its 2021/22 financial year, a year which included substantial one-off costs. The company employs fourteen permanent staff operating out of Leeds in the United Kingdom and Swifty has hired three UK industry experts to oversee the development of its Sports Book. The Goldchip team will be complemented by Swifty’s fourteen-member in-house software development and implementation team.  Goldchip has nearly 750 high net worth VIP clients, including many famous celebrities and sports stars. An extensive list of decorated Premier league footballers are Goldchip clients, including several which are household names. Swifty hopes to grow this VIP sports book to 900 clients by the end of 2022. Simultaneously, Swifty will introduce its sports predictions app and casino in the near future to the Goldchip clients. Swifty is confident that it should obtain brand endorsements from several of Goldchip’s globally famous stars.  Goldchip rec...