NEW YORK, NY, July 21, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — Dear Cashmere Holding Company (OTC: DRCR) known as Swifty Global (Swifty), is a technology company focused on creating breakthrough solutions in the financial and sports betting industries. The company has developed two disruptive mobile apps (apps) for sports predictions and a digital wallet that encompasses artificial intelligence (AI) and cryptocurrency/blockchain transactions.
Swifty holds gaming licenses in the UK and Curacao, with further licenses pending in several countries. Now, the company has received its coveted GLI license, which allows it to launch its Swifty Predictions swipe betting application (app). The GLI license is a requirement to operate in the highly regulated gambling market, as it confirms that the product has been successfully tested and is certified as legally scalable and compliant with applicable national regulations.
Swifty is not only a gambling company, but also a software technology developer and provider. The company develops its own software and is able to share its revenue with other betting companies, giving it a huge advantage over other betting apps. Swifty’s technology has its own artificial intelligence (AI) built in and the added GLI compliance now means that Swifty will be able to label its app for other gambling companies to use in their markets where they have relevant licenses. This will greatly speed up the deployment of Swifty. Cost-effective, certified technology and licensing are the toughest requirements of any gaming business. Swifty successfully overcame these challenges in just over a year and the business is now fully operational in its premier jurisdiction and is in an ideal position to deploy in other territories.
Swifty will operate a dual-attack strategy in which it will operate its own software in strategic territories where it owns its own licenses or has applied for licenses, and it will simultaneously license the technology to other online betting companies. other markets where the partner already has the relevant required gaming license, but not the ability to have developed their own innovative betting software application.
Another exciting development for Swifty is that the company has secured seven more key employees as well as a prestigious VIP client ledger. As a result, Swifty is moving forward with a lucrative sports betting and VIP casino offering that is expected to go live in the coming month. The online casino complements the Swifty Predictions app, has a large existing VIP customer base and is expected to generate substantial revenue for Swifty. It will support all major sports and will be available in the majority of countries. The online platform is ready to launch pending KYC integration.
As a brand, Swifty now has several vital payment gateways, licenses and offers and is fully operational with its technology development team based in Dubai and Eastern Europe. Its technology development team combines strengths with Swifty’s highly experienced gaming team based in Leeds, UK, where the team has over 150 years of combined relevant experience that is essential to the continued growth of the company. ‘company.
Given the high scalability of Swifty’s business and technology, its management team is seeking acquisition targets and strategic partnerships, with the goal of aiming for a $1 billion valuation within a few years.
Swifty is nearing completion of her audit and is expected to file her Form 10 by the end of the summer to become a full filer with a name and ticker change to follow thereafter.
Swifty confirms that it is canceling more than 15 million shares outstanding. This has been approved and the company is in the process of finalizing its legal documentation and process with the transfer agent.
Swifty Global CEO James Gibbons said: “Today is monumental for Swifty shareholders, its management and its staff. Swifty is now fully operational after more than a year of software development, technology audits and regulatory approvals. This now opens the door for global expansion and rapid scaling. Now that Swifty is fully operational, we will become much more active on social media with updates. We have put in place the foundations of a mega business that gives us the potential to be worth billions in the future. I want to thank our shareholders for their patience and support throughout the journey so far and we look forward to achieving great things in the future.
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Certain information in this press release contains “forward-looking information,” including “forward-looking 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, (i) the projected financial performance of the Company; (ii) the realization and use of the proceeds of the sale of the shares offered hereunder; (iii) the anticipated development of the Company’s businesses, projects and joint ventures; (iv) executing the Company’s growth vision and strategy, including with respect to future mergers and acquisitions activity and global growth; (v) the sources and availability of third party funding for the Company’s projects; (vi) the completion of the Company’s projects that are currently underway, under development or otherwise under consideration; (vi) the renewal of current agreements with customers, suppliers and other material agreements of the Company; and (vii) future liquidity, working capital and capital requirements. Forward-looking statements are provided to enable potential investors to understand management’s beliefs and opinions regarding the future so that they can use those beliefs and opinions as a factor in evaluating an investment. These statements are not guarantees of future performance and should not be unduly relied upon. These 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 projections of future performance or results expressed or implied by such forward-looking statements. Although the forward-looking statements contained in this presentation are based on what management of the Company believes to be reasonable assumptions, there can be no assurance that the 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. Readers are 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 nonpublic 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, question and answer sessions, public conference calls and webcasts may also 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 matters. Information we post on social media may be considered material information. Therefore, in light of SEC guidelines, we encourage investors, the media, and others interested in our business to review the information we post on the following social and media channels: