Business
Swifty Global Accelerates Growth Following Strong Performance in First Full Year of Operations
Swifty Global Accelerates Growth Following Strong Performance in First Full Year of Operations.
About this update from Dear Cashmere Holding Co.
[{"type":"text","content":"\n NEW YORK, NY, July 24, 2023 (GLOBE NEWSWIRE) --  via NewMediaWire -- 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, wit...