Swifty Global Experiences Unprecedented Growth Leading to Expected Record Results in Q4 2022
NEW YORK, NY - (NewMediaWire) - December 14, 2022 - 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, James Gibbons, commented: “Our company has performed beyond expectations this year in terms of our financial results and the delivery and execution of our business plan. I’m well aware that the Shareholder base wants to see Swifty land on USA soil, and we assure shareholders that this will happen during the course of 2023. This will be followed by even more rampant growth which we are working tirelessly behind the scenes to have all the structures in place for. We are not building a hobby business – we are striving to build a multi-billion-dollar company, and this is not a sprint. Instead, this is a carefully planned execution of an ambitious business plan. In order to enter the USA successfully and be taken seriously, we need to compete and in some cases partner with the giants of the industry. For this, we need to be proven, credible and generating strong revenues with a world-class team, all of which we are already accomplishing extremely well. I am looking forward to an unbelievable 2023.”
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Swifty Gaming Website: https://www.swiftygaming.com
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:
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