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DEAR CASHMERE HOLDING CO - DRCR STOCK NEWS

Welcome to our dedicated news page for DEAR CASHMERE HOLDING CO (Ticker: DRCR), a resource for investors and traders seeking the latest updates and insights on DEAR CASHMERE HOLDING CO.

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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
57.37%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-35.88%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
19.6%
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none
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.87%
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none
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.95%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.8%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
19.42%
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none
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Rhea-AI Summary
Swifty Global, a technology company in the Sports Betting Sector, has generated $68 million in revenue and profitable cashflow in its first 12 months of trading. The company is licensed in multiple jurisdictions and operates in five countries. Swifty aims to become a global leader in the gambling sector and has applied for gambling licenses in South Africa and Ireland. The company is preparing to roll out a new version of its platform for increased revenue and profitability. However, the company has faced challenges with its name and ticker change application and has decided to delay the filing of its S-1 Registration Statement due to timing and current macro-economic conditions. Swifty remains committed to becoming fully reporting and has a realistic valuation exceeding $40 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5%
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none
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.65%
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Rhea-AI Summary
Swifty Global (DRCR) reports impressive Q1 2023 financial results, with revenues reaching $19M, a quarter-over-quarter increase of 11,500%. Cash reserves increased by 7,166%. The company plans to file its S-1 Registration Statement in Q2 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.04%
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DEAR CASHMERE HOLDING CO

OTC:DRCR

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6.71M
Software - Application
Technology
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United States of America
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