Dear Cashmere Holding Co - DRCR stock
Company Profile[edit]
Dear Cashmere Holding Company (OTC: DRCR), also known as Swifty Global (Swifty), is a China-based company engaged in designing, manufacturing, and distributing customized ready-to-wear cashmere apparel. The company produces both male and female, a couple of mink and cashmere sweaters, cashmere and mink cashmere yarns, and other clothing accessories. The firm primarily markets its products in China and China markets. The company is also engaged in the creation of ground-breaking solutions in the Fintech and Sports Betting Sectors. Dear Cashmere develops Swiftly Global, a mobile-based application that conveniently enables clients across the globe to carry out their daily activities from a centralized hub. The app supports an array of activities, including investing, making sports predictions, betting, booking transport means, meals, and entertainment via the app. The company’s leadership has dedicated its effort to developing apps aimed at revolutionizing personal finance and sports betting over the past two years. The company was incorporated in 2007 and had its headquarters in Baoding, China. Its common shares are publicly traded on OTC markets under the DRCR symbol.[1]
Business Operations[edit]
The company has been focused on developing successful launches and implementations since the inception of its production. Swifty launched its gambling platforms in July 2022. The firm reported a massive revenue of approximately $15 million in the fourth quarter of 2022 with an outstanding EBITDA even after incorporating significant set-up costs incurred. The company has created and licensed its software and is currently committed to sourcing established Casino operators to employ its technology as a superior base solution with strategic subscriptions and revenue-sharing models. The company reported in December 2022 that it was closing in on a contract with a party operating across six African countries to facilitate its inter-continental expansion. The firm has overseen several significant product and brand marketing events in specific sports coverages. It aims to recur these activities across other sports in 2023 with a global scale-up goal.[2]
Swifty Predictions enable players to bet on multiple outcomes of a game before it begins or as the game proceeds. The platform allows players to place as many bets as they wish.
Swifty Sports & Casino is an online gambling company that facilitates betting on a wide range of sports. A player can bet on baseball, football, boxing, and horses.
Swifty Wallet is an app that gives clients control of their finances by enabling the execution of daily financial operations via the same app. The wallet can be used to book meals and transport, save money, remit insurance premiums, invest in crypto and stocks, etcetera.[3]
Critical Company and Industry Updates[edit]
While updating the public about the details of its annual shareholder meeting, the company mentioned its success in establishing its proprietary swipe betting sports predictions application, casino gaming platforms, and the global wallet that facilitates cryptocurrency and bitcoin transactions, among others functions. The company also canceled 10,666,666 common shares on the backbone of its impressive financial performance in Q4 2022. Besides its $100 million revenue target in 2023, the firm is set to file an S-1, expected to mature in 90-120 days, pending SEC consent.[4]
On October 3, 2022, Swifty acknowledged the positive reception of its sports prediction app by its expanding international client base. The company also made public its aim of hitting 1 billion dollars in annual revenue in the next few years (three to five), leveraging on the bullish outlook of its subscribers and the anticipated progressive penetration. The firm also anticipates achieving the figures through organic and acquisition growth. The company’s executive believes it can operate at a lower input cost than the market average since it employs little development outsourcing. Swifty develops in-house certified software which renders the company an opportunity to invest hugely in the marketing of its sports prediction application for optimal revenue generation. Swifty’s stiff account verification process involves thorough Know Your Customer (KYC) and anti-money laundering (Aml) procedures.[5]
The company soft-launched its gaming site on September 6, 2022. The site was designed to offer multiple events, including pre-match and in-play gaming opportunities spanning 90% of the global market and approximately 200 casino games. The news was considered a giant stride for the company and its shareholders as it exposed the company to a large global betting market, meaning increased revenue in its early years of gaming operations. The announcement came shortly after the firm acquired gaming licenses for UK and Curacao and several applications pending approval.[6]
Leadership[edit]
Swifty’s ever-growing executive incorporates roughly 17 people, including developers, designers, traders, and compliance.
James Gibbons, CEO
- He is the brain-power behind the company’s operations
- Has more than 15 years in strategy, solutioning, design, and program management scopes
- Developed a mobile voucher application executable in android, apple, and blackberry phones at only 23. He later sold the app to a company in the U.S.
- Before joining Swifty, James led a Digital Visitor Experience at one of the world’s largest expos in Dubai in 2022
Nick Link - Chairman
- A lowkey entrepreneur who understands how to spot businesses with significant potential
- He is also the CEO of ILUS International, an international investment company
- He constantly helps the CEO with the recruitment of quality directors using his money-savvy brain[7]
- ↑ Company Overview – simplywall.st/stocks/us/consumer-durables/otc-drcr/dear-cashmere-holding. Accessed on 1/14/2023.
- ↑ Swifty Global Experiences Unprecedented Growth Leading to Expected Record Results in Q4 2022 – GlobeNewsWire. Retrieved on 1/14/2023.
- ↑ Swifty Company Products – Swifty Global website.
- ↑ Swifty Global Releases Details of its Annual Shareholder Meeting – Yahoo Finance. Accessed on 1/15/2023
- ↑ Swifty Global Gets Swifty Gaming Off to a Flying Start and Updates its Annual Revenue Target – Yahoo Finance.
- ↑ Swifty Global Announces the Launch of Swifty Gaming – Seeking Alpha News.
- ↑ Who We Are – Swifty Global website. Accessed on 1/15/2023.
OTC Symbol: DRCR | OTC Tier: Pink Current
