Swifty Global Announces Record Annual Results Ahead of National Exchange Reverse Merger
09 Abril 2024 - 12:55PM
InvestorsHub NewsWire
NEW YORK, NY -- April 9, 2024 -- InvestorsHub NewsWire
-- Dear Cashmere Holding Company (OTC:
DRCR) also known as Swifty Global (Swifty), is a cutting-edge
technology firm focused on creating ground-breaking solutions in
the sports betting sector. Swifty aims to drive shareholder value
through accelerated innovation and enhanced usability of the
products the company develops. With licenses spanning several
global jurisdictions, Swifty has successfully brought to market a
revolutionary suite of offerings. This includes the company's
proprietary swipe betting sports prediction application, as well as
its traditional sportsbook and casino gaming platforms.
Swifty Global is
pleased to announce the completion and publication of the company's
annual return disclosure for 2023, now available on the OTC Market
Website. Swifty recorded a company record revenue of $128,886,432
and returned a net profit of $2,442,802 for the year, an achievemnt
made even more impressive by the significant expenses and
investments in product development and licensing fees made
throughout the year. The company has achieved extraordinary organic
growth with minimal debt and now has shareholders' equity of
$5,473,198. The 2023 results position Swifty in a very strong
financial position, from which it can continue to grow and expand
exponentially into 2024. Swifty has continued its focus on
international growth and expansion by rolling out its
Software-as-a-Service (SaaS) B2B gaming platform along with
securing successful partnerships in Ireland with licenses also
pending in additional jurisdictions, including South Africa and
Malta.
The impressive
results from 2023 have provided Swifty with a solid platform for
transitioning to a major national exchange, and following today's
record results, Swifty is pleased to announce that it is in the
final stages of discussions and negotiations to enter into a
reverse merger with a company listed on a national exchange. This
transition from the OTC market to a major exchange will enable the
company to unlock and deliver true value for its shareholders. The
move will also increase the company's visibility to institutional
investors and will significantly aid the company in securing the
funding required to reach the next stage of growth for the business
and allow the execution of a number of strategic acquisitions. It
is hoped that this process and the negotiations surrounding this
deal will be concluded in the coming weeks.
"We are
incredibly proud of what we've accomplished at Swifty as we publish
our 2023 annual disclosure. Achieving record revenues of
$128,886,432 with minimal debt is a tremendous testament to the
exceptional effort and dedication of our team throughout the year,
who have helped to secure this significant achievement. This
success has helped to solidify a healthy balance sheet and places
us in a very positive position as we look to finalize what will be
one of the most significant moves in our company's history by
uplisting to a major exchange. This move will unlock additional
value for our shareholders and provide us with the resources needed
to deliver the next phase of our growth trajectory," commented
James Gibbons, CEO of Swifty Global.
For regular Swifty Global (DRCR) updates,
you are invited you to view the company's website and/or to follow
the company's Twitter and LinkedIn accounts:
Website: https://swifty.global
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.
Dear Cashmere (PK) (USOTC:DRCR)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
Dear Cashmere (PK) (USOTC:DRCR)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024