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Dear Cashmere Hldg Co - DRCR STOCK NEWS

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Dear Cashmere Holding Company (DRCR), also known as Swifty Global (Swifty), is a pioneering technology firm specializing in creating innovative solutions for the sports betting and gaming industry. With licenses across various global jurisdictions, Swifty operates a unique swipe betting sports prediction app along with traditional sportsbook and casino gaming platforms. The company is dedicated to driving shareholder value through continuous innovation and user-friendly products.

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Swifty Global (OTC: DRCR) has announced the launch of Swifty Sports IE in Ireland on November 12th, 2024, expanding its sports betting and online casino services to the Irish market. The company, which holds licenses in UK, Ireland, South Africa, and has a pending license in Malta, is targeting a market projected to reach US$1.24 billion in 2024. Online sports betting represents 41% of Ireland's online gambling industry, making it the most popular form of iGaming in the country. The platform offers access to hundreds of thousands of sporting events monthly, with the company positioning itself to capitalize on Ireland's growing online betting market.

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Swifty Global (OTC: DRCR) has signed a binding Letter of Intent to be acquired by Signing Day Sports (NYSE: SGN). This strategic move aligns with Signing Day Sports' aggressive buy-and-build acquisition strategy. Swifty, a profitable and debt-free technology company in the online sports betting and casino sector, achieved a turnover of over $128 million in 2023 and expects to triple its profits over the next 2 years. The acquisition will facilitate Swifty's transition to a major exchange like NYSE American, providing access to growth capital. Swifty's software team will enhance Signing Day's platform, expanding its offerings globally. The deal is expected to close by early October, subject to legal and regulatory procedures.

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Swifty Global (OTC: DRCR) reported strong Q2 2024 performance, highlighting its readiness for a major exchange uplisting. Key financial metrics include:

  • Cash on hand increased by 37%
  • Total assets grew by $2.1 million (35%)
  • Liabilities reduced by $1.1 million (35%)
  • Shareholders' equity reached $5.9 million

Despite slightly reduced revenue and net income due to conservative risk management, the company's focus on long-term stability has paid off. Swifty obtained gambling licenses for South Africa and Ireland, positioning it for expansion into markets valued at over $7.1 billion annually. The company aims to be fully operational on a major exchange by Q4 2024.

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Swifty Global (DRCR) announces record revenue and net profit for 2023, positioning the company for growth and potential uplisting to a major exchange. The company's strong financial results and international expansion efforts showcase a promising future.
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Dear Cashmere Holding Company, also known as Swifty Global, has achieved remarkable financial growth, with revenues surpassing $100 million in 2023/2024. The company aims to increase revenue to $150 million and expand its B2B platform into European and African markets. Swifty Global is focused on creating innovative solutions in the sports betting sector and has successfully expanded into new markets, including a soft launch in Canada. The company's CEO, James Gibbons, looks forward to launching new platforms and venturing into more markets in 2024.
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Dear Cashmere Holding Company (OTC: DRCR), also known as Swifty Global, is set to expand into the highly lucrative Irish online gambling market with a new partnership and B2B gaming platform. The company aims to leverage its innovative solutions to drive substantial business growth and profitability in 2024.
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Dear Cashmere Holding Company (DRCR) also known as Swifty Global (Swifty) is a technology firm focused on sports betting and gaming. The company has received GLI certification for its B2B gaming platform in the UK, unlocking a new revenue stream. Swifty is also pursuing certification for the South African gambling sector and has launched a major update to its platform with AI-powered multilingual support and other innovative features.
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Dear Cashmere Holding Company (OTC: DRCR), also known as Swifty Global, is a technology firm focused on sports betting and gaming solutions. The company is pursuing a Malta gaming license to expand its market reach in Europe's €87.2 billion gambling market. CEO James Gibbons commented on the strategic importance of the license, while also highlighting plans for expansion into the African and EU markets in 2024.
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Swifty Global, a technology firm focused on the sports betting sector, has started the certification process for its new B2B gaming platform with Gaming Laboratories International (GLI). Once certified, the platform will unlock a new revenue stream for the business. Swifty is also pursuing certification under South Africa's SANS 1718 standard to enter the South African gambling sector. The company anticipates a substantial increase in revenue over the next 6 months.
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Swifty Global (DRCR) has submitted a request to FINRA for a name and ticker change to bolster brand recognition and advance the company's vision. The company is awaiting licenses in South Africa and Ireland and plans to amplify its media footprint once approved.
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FAQ

What is the current stock price of Dear Cashmere Hldg Co (DRCR)?

The current stock price of Dear Cashmere Hldg Co (DRCR) is $0.083 as of February 25, 2025.

What is the market cap of Dear Cashmere Hldg Co (DRCR)?

The market cap of Dear Cashmere Hldg Co (DRCR) is approximately 5.7M.

What is Dear Cashmere Holding Company (DRCR) known for?

Dear Cashmere Holding Company, also known as Swifty Global, is known for its cutting-edge technology solutions in the sports betting and gaming sector.

What products does Swifty Global offer?

Swifty Global offers a proprietary swipe betting sports prediction app, traditional sportsbook, and casino gaming platforms.

How does Swifty Global drive shareholder value?

Swifty Global aims to drive shareholder value through accelerated innovation and enhanced usability of its products.

Where can I find Swifty Global's latest updates and news?

You can find the latest updates and news about Swifty Global on their official website and social media channels.
Dear Cashmere Hldg Co

OTC:DRCR

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DRCR Stock Data

5.67M
53.83M
Software - Application
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