Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports
DEAR CASHMERE HOLDING CO (DRCR)
Company Research
Source: GlobeNewswire
NEW YORK, NY, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Swifty Global (OTC: DRCR), a company with ambitious growth plans, has signed a binding Letter of Intent to be acquired by Signing Day Sports (NYSE: SGN). Signing Day Sports has initiated a strategic, aggressive buy-and-build acquisition strategy aimed at scaling its business while driving profitable, cashflow-positive growth. Swifty, which generates strong net income, operates with significant cash flow, and is debt-free, is well-positioned to transition onto a major exchange like NYSE American. This move will provide access to growth capital, enabling the company to accelerate its expansion. Swifty is a rapidly expanding technology company gaining momentum in the online sports betting and casino sector. Swifty has experienced exponential growth over the past two years, achieving a turnover of over $128 million in 2023. Swifty is now expecting to triple its profits over the next 2 years by focusing on the licensing of its gaming s
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