Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to Acquire by Signing Day Sports Page 1

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, cash-flow positive growth. Swifty, which generates strong net income, operates with significant cash flow and is debt-free, is well positioned to move to a major exchange such as NYSE American. This move will provide access to growth capital and enable the company to accelerate its expansion.

Swifty is a fast-growing technology company gaining momentum in the online sports betting and casino space. Swifty has experienced exponential growth over the past two years, generating over $128 million in revenue in 2023. Swifty now expects to triple its profits over the next two years by focusing on licensing its gaming software to Tier 2 and Tier 3 online gaming and casino operators. This is done on a revenue share basis, enabling profitable exponential growth, minimal cash requirements and minimized risk. This licensing model is strategically aligned with Signing Day’s product offering and strategy, with Signing Day acting as a technology platform in the sports sector, providing deals to aspiring athletes seeking to be identified and signed by major sports leagues and colleges.

Swifty has a dedicated software and operations team of nearly 30 employees. This development team will play a key role in improving the Signing Day Sports platform and expanding its offering to cover more sports and a wider range of services. Signing Day is currently active in the US and focuses primarily on football and soccer with over 10,000 registered users. As part of the combined SGN-Swifty ecosystem, there is significant potential for global growth and monetization. Signing Day benefits from a highly influential investor base, including shareholders and customers who own professional sports teams, as well as key board members, all of whom can help facilitate Swifty’s smooth entry into the US market.