CGrowth Capital Inc (CGRA)

[Capitalvaluetrade]

CGRA Still (2) Planned Acquisitions & Market Cap Less Than Half of Yesterday Value
https://www.globenewswire.com/news-release/2022/12/15/2574699/0/en/CGrowth-Capital-Inc-announces-its-new-controlling-shareholder-RedClip-Holdings-Inc-and-a-new-strategic-focus-for-2023.html
https://www.wsj.com/articles/cgrowth-capital-inc-announces-its-new-controlling-shareholder-redclip-holdings-inc-and-a-new-strategic-focus-for-2023-01671113629

CGRA has agreed terms with its first two acquisitions and expects to complete the due diligence on the first acquisition within the coming days. The company anticipates signing of the Share Purchase Agreement within the next few weeks, leading up to the brand’s participation in a niche global sports event early in the new year. This business already sells from the USA to more than 10 countries through a limited distribution channel with minimal marketing and is now perfectly positioned to expand its range and scale up globally.

The second acquisition is that of a disruptive IoT company with technology aimed at sports venues, stadiums, events, and other lifestyle venues globally. The technology is highly scalable, and the company has already featured pilot installations at several leading sports stadiums in the UK, USA, South Africa, and Australia. Due to the value added by the technology and the vast interest in it, we would expect to gain global uptake within a short period of time through partnership with global brands on a revenue sharing model.

CGRA believes that the new acquisitions and experienced leadership will lead to the company’s extensive growth, with further additional acquisitions planned. New interim CEO and Director of CGRA, Nicolas Link, will lead the onboarding of experienced officers and board members, including the appointment of an industry experienced CEO, before transitioning to the position of Chairman of the company early in 2023, as he has successfully done with several companies in the past. Mr. Link is a well-established serial entrepreneur who has led the incorporation and rapid growth of several successful private and public companies.

“We have plans for CGRA to become a leader and disruptor in the sports and lifestyle industry through consolidating and pioneering advanced technology in the sector. I am always focused on businesses that can be scaled globally. With two very exciting acquisitions incoming, which are already performing impressively, I am very excited about the growth prospects for the company. I look forward to the appointments during the course of the next month, of an experienced board and management team who have a proven successful track record in the industry. As with all the companies I am involved with and with the resources in place, I fully anticipate exceptional technology advancement and a global roll out for our acquisitions, which will deliver rapid growth, resulting in exceptional value for our Shareholders. It is important to note that CGRA is not connected to ILUS (Ilustrato Pictures International Inc.) and although not formally connected, CGRA may well have significant areas of mutual interest and strategic alliance with SWIFTY GLOBAL.” said interim CGRA CEO, Nicolas Link.

Nic Link saved some of the best for last imo. Looks like most didn't catch this but the end of the pr he hinted something...

It is important to note that CGRA is not connected to ILUS (Ilustrato Pictures International Inc.) and although not formally connected, CGRA may well have significant areas of mutual interest and strategic alliance with SWIFTY GLOBAL.” said interim CGRA CEO, Nicolas Link.

Background on Swifty Global DRCR
https://www.swifty.global/whoweare
https://www.globenewswire.com/news-release/2021/06/29/2255146/0/en/OTC-DRCR-Deer-Cashmere-Holding-Co-Launches-Swifty-Global-and-Announces-New-Chief-Executive-Officer.html

Swifty Global is creating a mobile centric ecosystem which will allow customers to conduct most of their essential daily activities – from investing and making sports predictions to booking transport, meals and entertainment – through a single application. The unique Swifty network, built also for fast and convenient saving, insuring, payments, loyalty rewards and much more, is the result of two years of technology development by the Swifty Global team. Even more significantly, it is the first in a series of game-changing, life altering applications now being commercialized by Swifty Global.

https://www.globenewswire.com/news-release/2022/09/01/2508890/0/en/OTC-DRCR-Swifty-Global-Dear-Cashmere-Holding-Company-Confirms-the-Completion-of-Its-Two-Year-Audit.html

Swifty Global CEO, James Gibbons, said: “I am immensely proud of what our team and auditors have accomplished in getting this audit completed so efficiently. While we are working hard behind the scenes on our technology and deal completions, we are already busy with the next steps towards becoming fully reporting. We look forward to continued transparency with our current and new Shareholders as well as our Customers. These are the foundational steps in the building of a mega business worth billions, and we continue on our growth path towards up listing to a big board exchange.”

In the next few days, Swifty Gaming will be soft launching its Sportsbook and Casino. The Sportsbook will be available in all major markets for both pre-match and in-play markets. The Casino will feature over 200+ games including Blackjack, Baccarat, Andar Bahar, Teen Patti, Dragon Tiger, Sic Bo, and Dragon Wheel. It will also feature Slots and Scratch cards.