Announcement • Sep 20
Signing Day Sports, Inc. (NYSEAM:SGN) entered into a binding term sheet to acquire 99% stake in Dear Cashmere Holding Company (OTCPK:DRCR) from James Gibbons, Nicholas Link and others. Signing Day Sports, Inc. (NYSEAM:SGN) entered into a binding term sheet to acquire 99% stake in Dear Cashmere Holding Company (OTCPK:DRCR) from James Gibbons, Nicholas Link and others on September 18, 2024. The consideration consists of common equity of Signing Day Sports, Inc. equivalent to 19.99% stake to be issued for common equity of Dear Cashmere Holding Company. The legacy shareholders of Signing Day as exist at the Closing date will hold 80.01% of the common shares of Signing Day and the sellers will hold 19.99% of Signing Day.
The transaction is subject to approval by regulatory board / committee, approval of offer by acquirer shareholders, approval/consents of lenders/creditors, consummation of due diligence investigation, listing / approval of new shares on stock exchange and lock-up agreement. The expected completion of the transaction is before October 31, 2024.
Maxim Group LLC acted as financial advisor for Dear Cashmere Holding Company. Lucosky Brookman LLP acted as legal advisor for Dear Cashmere Holding Company. Bevilacqua PLLC acted as legal advisor for Signing Day Sports, Inc. Announcement • Nov 29
Dear Cashmere Holding Company Secures GLI Certification for New Cutting-Edge B2B Gaming Platform Dear Cashmere Holding Company also known as Swifty Global (Swifty), is a cutting-edge technology firm focused on creating ground-breaking solutions in the sports betting and gaming sector. Swifty currently holds licenses spanning several global jurisdictions with many more licenses in process. Swifty currently operates its proprietary swipe betting sports prediction application, as well as its traditional sportsbook and casino gaming platforms in numerous jurisdictions. In a significant step forward, Swifty is proud to announce the completion and approval of the Gaming Laboratories International (GLI) certification for the company's new innovative B2B gaming platform which has now been certified in the UK and can also be used for operators in Isle of Man, Gibraltar, Estonia and Malta. The newly developed B2B platform sits at the center of the Swifty Global scaling and growth strategy and will unlock a substantial new revenue stream for the business. In line with this, Swifty has recently completed the gap analysis for the South African SANS 1718 standards. The minimal changes requested by the gambling regulator once again highlights the robust nature of the Swifty product offering. This positive outcome has set the stage for the company to pursue official certification, which Swifty will initiate within the next two weeks. Once fully certified Swifty is set to officially launch its offering into the $1.8 billion South African gambling sector. In addition to market and product expansion, Swifty's relentless focus on enhancing its current offerings continues with the launch of its second major release of its platform, packed with a suite of innovative updates. This includes AI-powered multilingual support, enhancing global user accessibility, and affiliate management integration to open new marketing channels through sites like gambling.com. The release also introduces a dynamic modular interface for creating personalized user pages with various components like sports and casino widgets, adaptable based on user location. Significant enhancements also include a casino aggregator, an improved reporting module, and an AI-driven bonus rules engine, all aimed at elevating user engagement. These updates collectively mark a major update to Swifty's gaming offering, reflecting commitment to continued innovation and user-centric design. With AI-powered enhancements and a dynamic modular interface, we're not just keeping pace with the industry - we're setting a new benchmark for what a gaming platform can offer. The convergence of technological advancements, new partnerships, and market expansion is set to drive substantial growth into the new year, delivering with it significant value for loyal shareholders. Announcement • Jan 12
Dear Cashmere Holding Company, Annual General Meeting, Jan 27, 2023 Dear Cashmere Holding Company, Annual General Meeting, Jan 27, 2023, at 09:00 US Eastern Standard Time. Location: The Trump International Beach Resort in Miami Miami United States Agenda: To present on the technology, routes to market, strategy, and business plan for the next 12 months. Announcement • Jul 23
Dear Cashmere Holding Company Announces the Launch of its Swifty Predictions App in the United Kingdom Dear Cashmere Holding Company known as Swifty Global (Swifty. The company has developed two disruptive mobile applications (apps) for sports predictions and a digital wallet which encompasses Artificial Intelligence (AI) and Cryptocurrency/Blockchain Transactions. Swifty holds UK and Curacao gambling licenses, 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 to be legally scalable and compliant according to the relevant country regulations. Swifty is not only a gambling business but also a software technology developer and provider. The company develops its own software and is able to share revenues with other betting companies, giving it a huge advantage over other betting applications. Swifty’s technology has its own unique built in Artificial Intelligence (AI)and the added GLI compliance now means that Swifty will be able white label its app for other gambling companies to use in their markets where they have relevant licensing. This will significantly speed up the Swifty rollout. Cost effective, certified technology, and licensing are the most challenging requirements of any gambling business. Swifty has successfully overcome these challenges in just over a year and the company is now fully operating in its first jurisdiction and is in a perfect position to roll out into other territories. Swifty will operate a dual attack strategy where it will either operate its own software in strategic territories where it has its own licenses or has applied for licenses, and it will simultaneously license the technology to other betting companies in other markets where the partner already has the relevant required gambling license but not the ability to have developed their own innovative betting software application. A further exciting development for Swifty is that the company has obtained seven further key personnel as wellas a large book of prestigious VIP clientele. As a result, Swifty is progressing with a lucrative VIP sportsbook and casino offering which is due to go live in the coming month. The online casino complements the Swifty Predictions app, has an extensive existing VIP client 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 for launch pending KYC integration. As a brand, Swifty now has several vital payment gateways, licenses, and offerings available and is fully operational with its core technology development team based in Dubai and Eastern Europe. Its technology development team combines forces with Swifty’s highly experienced gambling team based in Leeds, United Kingdom, where the team houses over 150 years of combined relevant experience that is critical to the ongoing growth of the company. Given the high scalability of Swifty’s business and technology, its management team are seeking acquisition targets and strategic partnerships, with the goal of targeting a$1billionvaluation within a couple of years. Swifty is nearing its audit completion and is expected to file its Form 10 by late summer to become fully reporting with a name and ticker change to follow thereafter. Swifty confirms that it is cancelling more than 15 million outstanding shares. This has been approved and the company is completing its legal documentation and process with the transfer agent. Announcement • Jun 01
Dear Cashmere Holding Company (OTCPK:DRCR) agreed to acquire Goldchip Ltd. Dear Cashmere Holding Company (OTCPK:DRCR) agreed to acquire Goldchip Ltd on May 31, 2022. The acquisition of Goldchip Limited is being funded partly in Cash, Restricted Shares and Vendor Finance. Goldchip had revenues of $94 million and a net profit of $1.75 million in its 2021/22 financial year The Goldchip team will be complemented by Swifty’s fourteen-member in-house software development and implementation team. Announcement • May 05
Dear Cashmere Holding Company Develops Two Disruptive Mobile Applications for Sports Predictions and a Digital Wallet Dear Cashmere Holding Company developed two disruptive mobile applications for sports predictions and a digital wallet which encompasses Artificial Intelligence and Cryptocurrency/Blockchain Transactions. Following on from the momentous achievement of recently obtaining its UK gambling license and previously, its Curacao license, Swifty’s app has been accepted onto the Google and Apple stores for the United Kingdom and connected markets. The app is expected to be available for download in the coming weeks with the UK being one of the largest sports betting markets in the world. Swifty’s payment gateways and merchant banking accounts are now all in place and fully integrated. The company has successfully concluded its independent 3rd party security testing and in order to go live, Swifty is now only waiting for its GLI Certification. Although this has been a lengthy and at times very frustrating process, this is a highly regulated sector with the potential of huge financial gains. The associated security risks make it fundamental that the entire app went through every form of repetitive and robust testing. It was also vital that the app was fully integrated with the payment gateways before launch. These solid foundations will allow Swifty to scale up and quickly launch the app in other markets as soon as their respective licenses are approved. The company has already applied for additional gambling licenses in several territories. Swifty is preparing to roll out its aggressive marketing campaign to obtain users in the licensed regions. The initial focus is to generate as many users as quickly possible. The Swifty predictions app is highly interactive and brings a new form of engaged betting to users which Swifty is confident will stimulate a substantial amount of viral marketing. Alongside conventional marketing campaigns, affiliate marketing, SEO, and other forms of digital online marketing, the company is also partnering with several sports celebrities, influencers, and sports events to drive awareness and traffic. Swifty is progressing well in all areas of the business including its VIP sportsbook development and its financial audit. The audit will put the company in a position to be fully reporting late in the Summer or early Autumn of 2022. 