Swifty Global Announces Impressive Financial Results for Q1 2024
NEW YORK, NY -- May 15, 2024 -- InvestorsHub NewsWire -- DearCashmere Holding Company (OTC:DRCR) also known as Swifty Global (Swifty), is a cutting-edgetechnology firm focused on creating ground-breaking solutions inthe sports betting sector. Swifty aims to drive shareholder valuethrough accelerated innovation and enhanced usability of theproducts the company develops. With licenses spanning severalglobal jurisdictions, Swifty has successfully brought to market arevolutionary suite of offerings. This includes the company’sproprietary swipe betting sports prediction application, as well asits traditional sportsbook and casino gaming platforms.
Swifty Global is pleased to announce the company’s Q1 2024results, which continue to show impressive year-over-year growth.The company has increased its revenue by an impressive 55.90%compared to the same period last year. This positive trajectoryhighlights the strong base from which Swifty continues to grow,contributing to a solid balance sheet and positioning the businessin a robust financial position as the uplisting process continuesto unfold. These Q1 results not only underline the attractivenessof Swifty from an investment standpoint but also reinforce ourstrong financial position, which will support continued exponentialgrowth and expansion into 2024.
Swifty continues in its aggressive pursuit of growth with astrong focus on international expansion by rolling out itsSoftware-as-a-Service (SaaS) B2B gaming platform. In addition tosecuring successful partnerships in Ireland, Swifty is alsoawaiting licenses in additional jurisdictions, including Ireland,South Africa and Malta. The company is also considering a number ofstrategic acquisitions, which will be accelerated once theuplisting process to a major national exchange is completed. Swiftyis progressing in the final stages of discussions and negotiationsto enter into a reverse merger with a company listed on a nationalexchange and more information will be shared once this process hasconcluded.
‘‘I am thrilled to share our impressive Q1 2024 results. We areextremely encouraged by the increasing demand and growing marketshare that Swifty continues to capture, along with the positivecustomer feedback which is translating into an increased number ofusers for our services. Now well into Q2 2024, our numbers continueto look strong, and we are very much on track to meet ourprojections for this quarter. Our confidence is further bolsteredby the interest and demand we are receiving for our in-housedeveloped B2B tech platform and we will continue to leverage thistechnology to explore new market opportunities, foster innovativepartnerships, and ultimately drive the growth and profitability ofthe company using this platform,’’ commented James Gibbons, CEO ofSwifty Global.
For regular Swifty Global (DRCR) updates, you are invited you toview the company’s website and/or to follow the company’s Twitterand 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 financialinformation" and "financial outlook", under applicable securitieslaws (collectively referred to herein as forward-lookingstatements). Except for statements of historical fact, theinformation contained herein constitutes forward-looking statementsand includes, but is not limited to, the (i) projected financialperformance of the Company; (ii) completion of, and the use ofproceeds 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 andgrowth strategy, including with respect to future M&A activityand global growth; (v) sources and availability of third-partyfinancing for the Company's projects; (vi) completion of theCompany's projects that are currently underway, in development orotherwise under consideration; (vi) renewal of the Company'scurrent customer, supplier and other material agreements; and (vii)future liquidity, working capital, and capital requirements.Forward-looking statements are provided to allow potentialinvestors the opportunity to understand management's beliefs andopinions in respect of the future so that they may use such beliefsand opinions as one factor in evaluating an investment. Thesestatements are not guarantees of future performance and unduereliance should not be placed on them. Such forward-lookingstatements necessarily involve known and unknown risks anduncertainties, which may cause actual performance and financialresults in future periods to differ materially from any projectionsof future performance or result expressed or implied by suchforward-looking statements. Although forward-looking statementscontained in this presentation are based upon what management ofthe Company believes are reasonable assumptions, there can be noassurance that forward-looking statements will prove to beaccurate, as actual results and future events could differmaterially from those anticipated in such statements. The Companyundertakes no obligation to update forward-looking statements ifcirc*mstances or management's estimates or opinions should changeexcept as required by applicable securities laws. The reader iscautioned not to place undue reliance on forward-lookingstatements. The Securities and Exchange Commission ("SEC") hasprovided guidance to issuers regarding the use of social media todisclose material non-public information. In this regard, investorsand others should note that we announce material financialinformation via official Press Releases, in addition to SECfilings, press releases, Questions & Answers sessions, publicconference calls and webcasts also may take time from time to time.We use these channels as well as social media to communicate withthe public about our company, our services, and other issues. It ispossible that the information we post on social media could bedeemed to be material information. Therefore, in light of the SEC'sguidance, we encourage investors, the media, and others interestedin our company to review the information we post on the followingsocial & media channels: Website: https://swifty.global, Twitter: https://twitter.com/SwiftyGlobal.
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