Business
Swifty Global Experiences Unprecedented Growth Leading to Expected Record Results in Q4 2022
Swifty Global Experiences Unprecedented Growth Leading to Expected Record Results in Q4 2022.
About this update from Dear Cashmere Holding Co.
[{"type":"text","content":"\n NEW YORK, NY, Dec. 14, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Dear Cashmere Holding Company (OTC: DRCR) known as Swifty Global (Swifty), is a technology company focused on creating ground-breaking solutions in the Fintech and Sports Betting Sectors. Since late July 2022, the company has launched three new products and revenue streams, including a disruptive mobile application (app) for Sports Predictions in the United Kingdom (UK), a traditional global Sportsbook and Casino Gaming platform. The company has therefore made enormous progress following the release earlier in the year of its global digital wallet which encompasses Cryptocurrency/Blockchain transactions. Throughout this productive period, Swifty has been focused on successful launches and implementation leading up to the delivery of impressive Q4 results. With the gaming platforms only being launched from late July, the Q3 disclosure only captured the first couple of months of the launched product sales. To date in Q4, the company has already reported almost $15 million in revenue with impressive EBITDA, even after factoring in the substantial set up costs, as will be reported in the statutory filings in early 2023. Swifty has now been fully audited and is working tirelessly to file its S-1 in January 2023 in order to be fully reporting during the first quarter. Furthermore, Swifty’s name and ticker change documentation is due to be filed almost simultaneously to the S-1.  Swifty has developed and licensed its own software and is now focused on partnering with established casino operators globally, offering them the Swifty technology as a white label solution with subscription and revenue sharing models. This will allow for a rapid global scale up in 2023, reaching millions of potential customers. Swifty is also at the final stages of signing a contract with an operator that operates in six African countries, with this representing its first of several strategic white label partnerships.   Swifty has already carried out many successful marketing events to promote the brand and products in specific sports and this coverage will expand across many more sports and territories globally in 2023. Updates on the events and progress can be found on the company’s various social media channels.   Swifty Global CEO, Ja...