NEW YORK, NY - (NewMediaWire) - May 15, 2024 - 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 company's Q1 2024 results, 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 trajectory highlights the strong base from which Swifty continues to grow, contributing to a solid balance sheet and positioning the business in a robust financial position as the uplisting process continues to unfold. These Q1 results not only underline the attractiveness of Swifty from an investment standpoint but also reinforce our strong financial position, which will support continued exponential growth and expansion into 2024.
Swifty continues in its aggressive pursuit of growth with a strong focus on international expansion by rolling out its Software-as-a-Service (SaaS) B2B gaming platform. In addition to securing successful partnerships in Ireland, Swifty is also awaiting licenses in additional jurisdictions, including Ireland, South Africa and Malta. The company is also considering a number of strategic acquisitions, which will be accelerated once the uplisting process to a major national exchange is completed. Swifty is progressing in the final stages of discussions and negotiations to enter into a reverse merger with a company listed on a national exchange and more information will be shared once this process has concluded.
I am thrilled to share our impressive Q1 2024 results. We are extremely encouraged by the increasing demand and growing market share that Swifty continues to capture, along with the positive customer feedback which is translating into an increased number of users for our services. Now well into Q2 2024, our numbers continue to look strong, and we are very much on track to meet our projections for this quarter. Our confidence is further bolstered by the interest and demand we are receiving for our in-house developed B2B tech platform and we will continue to leverage this technology to explore new market opportunities, foster innovative partnerships, and ultimately drive the growth and profitability of the company using this platform,'' commented James Gibbons, CEO of Swifty Global.
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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.
