Skip to main content
rss feedour twitter
contact
site map
HomeNEWSPORTFOLIOINVESTORSFactory PicturesPRODUCTSContact
 
 NEWS
Thursday, December 18 2014

Universal Apparel Company, a Drake Gold Resources Inc. (DKGR:OTC) subsidiary, is pleased to announce that it has received inquiries  for the development of  cargo pants, A-shirts and knitted products from a large wholesaler  in the Chicago area.  Universal Apparel’s factories are developing samples for the customer. Once these samples are approved, the purchase orders will be issued immediately.

Mr. Kabir, newly appointed CEO of Drake Gold Resources Inc. (DKGR:OTC),  states,” I am very excited about this new product development. I am projecting orders amounting to ten containers  from this customer in 2015 translating to revenue in excess of $1,000,000.”

Updates will be forthcoming. 

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Posted by: M kabir AT 11:04 am   |  Permalink   |  Email
Thursday, December 18 2014

Universal Apparel Company, a Drake Gold Resources Inc. (DKGR:OTC) subsidiary, is pleased to announce that it has received inquiries  for the development of  cargo pants, A-shirts and knitted products from a large wholesaler  in the Chicago area.  Universal Apparel’s factories are developing samples for the customer. Once these samples are approved, the purchase orders will be issued immediately.

Mr. Kabir, newly appointed CEO of Drake Gold Resources Inc. (DKGR:OTC),  states,” I am very excited about this new product development. I am projecting orders amounting to ten containers  from this customer in 2015 translating to revenue in excess of $1,000,000.”

Updates will be forthcoming. 

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Posted by: M kabir AT 11:04 am   |  Permalink   |  Email
Wednesday, December 17 2014

Drake Gold Resources Inc. (DKGR:OTC) provides another update on Parker Technologies Inc.

Drake Gold Resources Inc. (DKGR:OTC) is pleased to provide the link for Parker Technologies Inc.'s website update:

http://www.parkertechnologiesinc.com/ or http://www.otcmarkets.com/stock/GRDO/news/Guard-Dog--Inc--Developing-the-HOGE-tool?id=93829&b=y

Updates will be forthcoming.

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.


 

 

 
Posted by: M Kabir AT 10:21 am   |  Permalink   |  Email
Monday, December 15 2014

Universal Apparel Company, a Drake Gold Resources Inc. (DKGR:OTC) subsidiary, is pleased to announce that it has successfully completed and shipped out from our Bangladeshi  factory several containers of merchandise consisting of T-shirts, Polo Shirts, Thermals and Cargo Pants. Universal  Apparel’s factories are also working diligently to complete and ship out several remaining containers before the end of the year. Consequently,  the  total number of containers that Universal Apparel is expected to ship out from its  factories in the month of December will be six. The wholesale value of this  merchandise is in excess of  $600,000  with retail value over $1,000,000.

Mr. Kabir, newly appointed CEO of Drake Gold Resources Inc. (DKGR:OTC),  states,” I am very excited about the production speed of out factories in Bangladesh. These containers will begin arriving in the USA in the first week of January which is a precursor to a successful year.”

On another note, Drake Gold  has made progress with FINRA with respect to the previously announced, name change. We are preparing the documents necessary to meet FINRA’s requirement for completion of this change.

Updates will be forthcoming. 

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise

Posted by: M Kabir AT 08:41 am   |  Permalink   |  Email
Tuesday, December 09 2014

Drake Gold Resources Inc. (DKGR:OTC) provides an update on Parker Technologies Inc.

Drake Gold Resources Inc. (DKGR:OTC) is pleased to provide the link for Parker Technologies Inc.'s   website update:

http://www.parkertechnologiesinc.com/ or http://www.otcmarkets.com/otciq/ajax/showNewsReleaseDocumentById.pdf?id=12704

Updates will be forthcoming. 

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise

Posted by: M Kabir AT 11:30 am   |  Permalink   |  Email
Monday, November 24 2014

Drake Gold Resources Inc. (DKGR:OTC) is pleased to announce that it has filed its quarterly report with OTC Markets Group Inc. for the period ended September  30th which  includes  its financial statements. The overall, financial position of the company has improved  pursuant  to the dramatic increase in revenues, profits and liquidity relative to previous quarters. 

Revenues of $741,469 were strong this quarter caused by  a robust, wholesale appetite for Universal Apparel's textiles. The demand for Universal Apparel’s  product  continues to remain strong for the upcoming quarter as we are in negotiations with  many, new wholesalers. However, the net profit for the quarter was  relatively low because of  both the sudden increase in material prices as well as higher labor costs in our overseas factories. We see this as an anomaly and do not expect this to continue in coming quarters. 

Mr. Kabir, newly appointed CEO of Drake Gold Resources Inc. (DKGR:OTC),  is pleased with the financial statements and states, “ This is Universal Apparel’s  2nd quarter as a wholly-owned subsidiary of  Drake Gold in which we continued with  both revenue growth and profitability. Our customers remain pleased with both our quality products and delivery times and, as a result,  have indicated that they will place additional orders with  Universal Apparel.”

Updates will be forthcoming.  

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise

Posted by: M Kabir AT 08:54 am   |  Permalink   |  Email
Wednesday, November 12 2014

Universal Apparel Company, a Drake Gold Resources Inc. (DKGR:OTC) subsidiary, is pleased to announce that it is  90% complete on its  production for  its first  shipment of Twill Cargo Short Pants originally announced on June 15th, 2014. The expected shipping date  from the factory is November 24th 2014 which is in alignment with the initial stated  date given to our wholesaler. 

 Mr. Kabir, newly appointed CEO of Drake Gold Resources Inc. (DKGR:OTC),  states,” I am very excited about meeting this shipping  date as it was a crucial  milestone in earning this customer’s confidence which will now inevitably  lead to additional  business. Our wholesaler is eagerly awaiting the arrival of this merchandise as this will be the first shipment of three. The order has proved rather challenging for our factory as some of the accessories for these pants were being manufactured and imported from China requiring a great degree of coordination.”

On another note, one of our preferred shareholders has under  2% of his holdings remaining. The conversion and sale of those shares may have put pressure on the market as it was sold to various third parties.

Updates will be forthcoming.  

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise

Posted by: M Kabir AT 12:15 pm   |  Permalink   |  Email
Tuesday, November 04 2014

Universal Apparel Company, a wholly-owned subsidiary of Drake Gold Resources Inc. (DKGR:OTC), is pleased to announce that it has successfully shipped out two 40 foot containers of t-shirts in the month of October with those corresponding purchase orders announced on September 23rd. These containers are expected to arrive in a designated  US port in late November  to early December. The total revenue for Universal Apparel  will be in excess of $200,000. Universal Apparel's wholesale customer's are eagerly awaiting the merchandise in anticipation for a strong  Christmas season. The pk polo shirts have not been shipped as of yet. 

Mr Kabir, the CEO of Drake Gold Resources Inc. (DKGR:OTC),   is additionally pleased that, during this week, the company will open another Letter of Credit (LC) in the amount of $85,000 from Sterling Bank of New York. The company is also expected to open another LC from Soleil Chartered Bank of Romania during the month of November for the amount of $300,000. The funds will be used to produce Universal Apparel's  large purchase orders which have been received and announced by the company previously as well as additional ones. 


 Updates will be forthcoming.

 This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Posted by: M Kabir AT 09:51 am   |  Permalink   |  Email
Monday, November 03 2014

Drake Gold Resources Inc. (DKGR:OTC) is pleased to provide the link for Eagle Oil Holding Company Inc.'s (EGOH:OTC) most  recent press release:

http://www.otcmarkets.com/stock/EGOH/news/Eagle-Oil-Holding-Company-Inc---EGOH-OTC---cancels-Stock-Dividend-?id=90707&b=y

Drake Gold Resources Inc. (DKGR:OTC) owns $300K of convertible promissory notes of Eagle Oil Holding Company Inc.(EGOH:OTC).

Updates will be forthcoming.

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.


 
Posted by: M Kabir AT 11:17 am   |  Permalink   |  Email
Tuesday, October 28 2014

Universal Apparel Company, a Drake Gold Resources Inc. (DKGR:OTC) subsidiary, is pleased to announce that it has received a series of purchase orders with a total value of approximately $500,000 from three new wholesalers. It is expected that additional business may  flow from these corporations if their expectations are met. 

Mr. Kabir, newly appointed CEO of Drake Gold Resources Inc. (DKGR:OTC),  states, " I am excited to receive these new orders as it gives us momentum in gearing up production for the upcoming spring  and summer season.

Updates will be forthcoming. 

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise

Posted by: M Kabir AT 09:26 am   |  Permalink   |  Email
Monday, October 20 2014

Drake Gold Resources Inc. (DKGR:OTC)  is pleased to announce that  Mahabubul Kabir has been appointed as the new CEO with Peter Matousek now as the Director of Shareholder Relations. Peter Matousek will resign his directorial and officer positions as of December 31st, 2014 now that the transition of Drake Gold into a textile company has been finalized. 
 
Mr. Kabir, director of Drake Gold Resources Inc. (DKGR:OTC),  is enthusiastic regarding Drake's future prospects and states, "this  is a  company with a new vision with exciting product lines. We have an unparalleled business model which is unique to the garments and textile industry. As such, we are committed to providing superior apparel and textile products to both the U.S. and Canada at the lowest possible price coupled with delivery times superior to any of our competitor's. 
 
Mr. Kabir continued, "I have received several inquiries, regarding the possibility of a reverse split and,  at this time and the foreseeable future, I have no intentions of initiating a reverse split."

Updates will be forthcoming. 

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise

Posted by: M kabir AT 08:00 am   |  Permalink   |  Email
Wednesday, October 15 2014

Universal Apparel Company, a Drake Gold Resources Inc. (DKGR:OTC) subsidiary, is pleased to announce that it has begun the process  of applying for a name and subsequent ticker change with Finra.  This will align the  current activities and primary focus of Drake Gold Resources Inc. which is on  the textile industry with its subsidiary, Universal Apparel Company. 
 
Mr. Kabir, director of Drake Gold Resources Inc. (DKGR:OTC), states the following, "as we move Drake into a new direction , we want to set out both the company's  goals and focus. From this point onward, Drake will no longer be concentrating on the resource sector. However, our existing interests  in Eagle Oil Holding Company Inc. (EGOH:OTC) and Parker Technologies will remain as an asset.  Drake is now an apparel and textile company."
 

Updates will be forthcoming. 

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise

Posted by: M kabir AT 08:15 pm   |  Permalink   |  Email
Monday, September 29 2014

Universal Apparel Company, a Drake Gold Resources Inc. (DKGR:OTC) subsidiary, is pleased to announce that it is preparing to deliver three  containers of merchandise to various wholesalers’ warehouses. The corresponding purchase orders were announced in the early summer of this year via our corporate website. A forty foot container holding 50,000 pieces of t-shirts has arrived in Long Beach Port, CA and has subsequently been released by US Customs and Border Patrol. The other two containers, of which  one measures  40 feet contains t-shirts and the other  is 20 feet holding long sleeve thermal,  has also arrived in Long Beach but still awaiting custom clearance.

Mr. Kabir, director of Drake Gold Resources Inc. (DKGR:OTC),  is pleased upon the successful receipt of  these containers due to the  port congestion at Long Beach that could have resulted in significant delays. Universal Apparel's wholesalers have been eagerly awaiting the  merchandise as demand from their end customers remains extremely strong.

On another note, Universal Apparel Company stated that it had entered into late-stage discussions with one of the largest wholesalers in the Midwest via a website update on September 15th. The aforementioned discussions are being finalized with an already agreed upon delivery schedule. Purchase orders will be issued upon Universal Apparel obtaining the necessary funding. The total value of this purchase order should be in excess of $1.6 million.

Updates will be forthcoming.

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise

 

Posted by: M Kabir AT 11:49 am   |  Permalink   |  Email
Tuesday, September 23 2014

Universal Apparel Company, a Drake Gold Resources Inc. (DKGR:OTC) subsidiary, is pleased to announce that it has received three purchase orders for two containers of t-shirts and one container of pk polo shirts. The combined wholesale value of these three containers is approximately  $300,000 with a retail value in excess of $600,000. 

Mr. Kabir, director of Drake Gold Resources Inc. (DKGR:OTC),  is pleased upon receiving these large, diversified purchase orders. In order to fund these projects, two Letters of Credit have been issued from Sterling Bank of New York, USA and from the Soleil Chartered Bank, Romania. The production of these t-shirts  and pk polo shirts will begin immediately in the affiliated factories in Bangladesh with the first shipment expected from Bangladesh around the middle  of October, 2014. The second shipment will leave the factories towards the end of October with pk polo shirts expected the end of November, 2014.

Updates will be forthcoming. 

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Posted by: M Kabir AT 11:52 am   |  Permalink   |  Email
Monday, September 15 2014

Universal Apparel Company, a Drake Gold Resources Inc. (DKGR:OTC) subsidiary, is pleased to announce that it has entered into late-stage discussions  with one of the largest wholesalers of garments in the Midwest to supply a large quantity of t-shirts for the  upcoming spring/summer season. Upon completion of discussions followed by a purchase order, Universal Apparel will supply roughly 1 million pieces of t-shirts, utilizing  15-20 containers load, shipped from our factories in Bangladesh, all within a 12 month  period. The first container will be delivered in the middle of November , 2014  followed by between 1 to 3 containers in each subsequent month until the end of fall, 2015. These series of   bookings alone will generate a total of approximately $2 million  in revenue for Universal Apparel with retail value in excess of $5 million. 
 
M Kabir, director of Drake Gold Resources Inc. (DKGR:OTC) is very pleased with this development and is confident that Universal Apparel  will get the contract as it has  experience in both the  manufacturing and importing of t-shirts incorporating both quality and adherence to wholesalers' strict specifications.  In addition, this wholesaler has showed interest in the production of other textiles such as  boxer pants, A-shirts, thermals and hoodies. 

  Updates will be forthcoming. 

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Posted by: AT 08:47 am   |  Permalink   |  Email
Monday, September 08 2014

Drake Gold Resources Inc. (DKGR:OTC) is pleased to provide the link for Eagle Oil Holding Company Inc.'s (EGOH:OTC)  website update:

http://eagleoilholdingco.com/press-release/09/eagle-oil-holding-company-inc-egohotc-approves-a-stock-dividend-to-increase-liquidity/

Drake Gold Resources Inc. (DKGR:OTC) owns $300K of convertible promissory notes of Eagle Oil Holding Company Inc.(EGOH:OTC).

Updates will be forthcoming.

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Posted by: M Kabir AT 08:07 pm   |  Permalink   |  Email
Thursday, September 04 2014

Universal Apparel Company, a Drake Gold Resources Inc. (DKGR:OTC) subsidiary, is pleased to announce  that it has successfully delivered two 40 foot containers of  t-shirts housing over 100,000 pieces  to two separate wholesalers  in the Midwest.  

The wholesale value of this merchandise is in excess of  $200,000 with a retail value of approximately $450,000. 

According to Mr. Kabir, director of Drake Gold Resources Inc.(DKGR:OTC), Universal Apparel's wholesalers  were pleased with the deliveries with respect to both the quality and speed of delivery  as demand has continued to be strong in spite of Summer coming to an end. Due to this satisfaction,  it is expected that demand for additional merchandise from Universal Apparel will follow.

Updates will be forthcoming. 

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Posted by: M Kabir AT 08:50 am   |  Permalink   |  Email
Wednesday, August 27 2014

Universal Apparel Company, a Drake Gold Resources Inc. (DKGR:OTC) subsidiary, is pleased to announce its representatives  have  attended a number of seminars this week at MAGIC  (www.magiconline.com) in which current trends and styles were discussed  for the upcoming spring and summer season . In addition, Universal  Apparel  Company also had discussions resulting in strong interest from  large distributors . Furthermore, representatives from big box stores asked for the  development of  samples and prototypes of stylish t-shirts and jeans for the upcoming season. Of particular interest, Universal Apparel Company was excited to enter preliminary discussions with a NYSE-listed, blue chip company interested in placing a large purchase order. 


 According to Mr. Kabir, Director of Drake Gold Resources Inc. (DKGR:OTC),  "we have established both new contacts and relationships with potential big buyers at the show. MAGIC was   a great place to meet and greet industry leaders. Consequently, we have learned what will be in demand with respect to color and style for the coming year.  Once we return from the show, our team will start   developing new colors and styles for these  respective buyers.  In men's casual wear it appears the trend is slanted towards “ V neck”  t-shirts with lycra incorporated in it. The round neck t-shirt s will still be in demand but with limited growth potential.  The colors to be  in demand will be khaki, royal blue and kelly green.  In women's   casual wear   t-shirts consisting of   95% cotton with 5% lycra will be in demand due to its increased flexibility. We are completely equipped to meet the requirements   of our customers." 


Updates will be forthcoming.  


This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Posted by: M Kabir AT 09:50 am   |  Permalink   |  Email
Tuesday, August 19 2014

Drake Gold Resources Inc. (DKGR:OTC) is pleased to announce that it has filed its quarterly report with OTC Markets Group Inc. for the period ended June 30th including its financial statements. Universal Apparel Company, a wholly-owned, recently acquired subsidiary of Drake Gold Resources Inc. (DKGR:OTC), strengthened Drake Gold's  overall financial position with respect to the dramatic increase in  revenues, profits and liquidity relative  to previous quarters. 
 
 Revenues of $682,711 were strong this quarter pursuant to a robust, wholesale appetite for Universal Apparel's textiles. This demand is expected to continue into the following quarter.  Net Income before Taxes   was $25,083 which, as a percentage of revenues, was low owing to the high interest rates paid for financing the purchase orders reflected in the "Purchases" line item   of the "Cost of Goods Sold" section of the Income Statement. However, more favorable   funding sources are being evaluated so as to bring this percentage between 7%-8% which is more in alignment with the industry average. 

Mr. Kabir states the following, “Universal Apparel Company is gaining an industry presence and it is expected that our overall momentum will continue.”

 Updates will be forthcoming.
This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Posted by: M Kabir AT 11:46 pm   |  Permalink   |  Email
Tuesday, August 19 2014

 Drake Gold Resources Inc. (DKGR:OTC) is pleased to announce that it has filed its quarterly report with OTC Markets Group Inc. for the period ended June 30th including its consolidated financial statements. Universal Apparel Company, a wholly-owned, recently acquired subsidiary of Drake Gold Resources Inc. (DKGR:OTC), strengthened Drake Gold's  overall financial position with respect to the dramatic increase in  revenues, profits and liquidity relative  to previous quarters. 
 
 Revenues of $682,711 were strong this quarter pursuant to a robust, wholesale appetite for Universal Apparel's textiles. This demand is expected to continue into the following quarter.  Net Income before Taxes   was $25,083 which, as a percentage of revenues, was low owing to the high interest rates paid for financing the purchase orders reflected in the "Purchases" line item   of the "Cost of Goods Sold" section of the Income Statement. However, more favorable   funding sources are being evaluated so as to bring this percentage between 7%-8% which is more in alignment with the industry average. 

Mr. Kabir states the following, “Universal Apparel Company is gaining an industry presence and it is expected that our overall momentum will continue.”

 Updates will be forthcoming.
This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Posted by: M Kabir AT 11:41 pm   |  Permalink   |  Email
Tuesday, August 05 2014

Universal Apparel Company, a subsidiary of Drake Gold Resources Inc. (DKGR:OTC), is pleased to announce that it will be attending the upcoming apparel and garment show, MAGIC, in Las Vegas from Aug. 18th to Aug. 20th.  

MAGIC is the largest global marketplace for contemporary men's and women's apparel, footwear, accessories and sourcing resources and the world's most comprehensive forum for fashion buyers and brands. Every February and August, the industry convenes in Las Vegas for connection, inspiration and to shop a portfolio of ten expertly merchandised and curated shows across every category, trend and price point. With more than $200 million in orders written daily, MAGIC fuels the business of fashion. Please review their website for a complete summary: 

  
http://www.magiconline.com

According to Mr. Kabir, director of Drake Gold Resources Inc. (DKGR:OTC), Magic will provide the opportunity to learn about  fashion trends  and to stay informed with current  industry developments.  In addition, It acts as a  meeting place with vendors, suppliers , distributors and wholesalers from around  the world.  Mr. Kabir has  been attending the show for a number of years and it has been a very successful networking venue especially with respect  to the creation of  leads. 

 Updates will be forthcoming. 

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
 

Posted by: M Kabir AT 10:56 am   |  Permalink   |  Email
Wednesday, July 30 2014
Drake Gold Resources Inc.'s(DKGR:OTC) subsidiary, Universal Apparel Company, provides illustrations of Cargo Pants to be produced by Impressive Group.

Drake Gold Resources Inc.'s(DKGR:OTC) subsidiary, Universal Apparel Company, is pleased to provide illustrations of Cargo Pants to be produced by Impressive Group pursuant to an order being placed by Universal Apparel. 

Cargo Pants Picture

As can be seen, many colors and designs are being produced to match the demand from our wholesaler's diverse customer base. We do expect repeat orders since the Impressive Group will manufacture this order with the utmost  of quality so that the end-product will be superior to any of its competitors.

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Posted by: M Kabir AT 09:51 am   |  Permalink   |  Email
Monday, July 21 2014

Drake Gold Resources Inc.'s (DKGR:OTC) subsidiary, Universal Apparel Company,  is pleased to announced that, after both an extensive search and rigorous due diligence, it has chosen Impressive Group of Bangladesh, a leading manufacturer  of  ready made garments, as one of its factories that will be used  to handle its expanding workload. Impressive Group owns several  Walmart-certified factories dedicated exclusively  to the manufacture of  Walmart products. They have a well established track record resulting in the regular manufacturing  of garment products for Walmart, Meijer, Carter's Oshkosh as well as several other major European and South American retailers.
 
Mr. Kabir, director of Drake Gold Resources Inc. (DKGR:OTC), is very pleased to have an alliance with an organization as prominent as Impressive Group. According to Mr Kabir, Impressive group has state-of -the-art manufacturing facilities making them well equipped  to produce and deliver quality products in a timely fashion which clearly distinguishes them from their peers. Impressive Group will allow Universal Apparel to extend its product lines to jeans, twill products as well as other related products which is  Impressive Group's forte.
 
 Updates will be Forthcoming

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.=

Posted by: M Kabir AT 01:54 pm   |  Permalink   |  Email
Tuesday, July 15 2014

Universal Apparel Company, a Drake Gold Resources Inc. (DKGR:OTC) subsidiary, is pleased to announce that it has received a purchase order from another  distributor to supply  a forty foot container of long-sleeved, outerwear "thermal". Thermal  is a fall/winter item and primarily used for the colder weather  since it is made out of tight-knitted cotton. Universal Apparel  will begin production of this product immediately as this is deemed high priority by the distributor due to its seasonal sensitivity. The container is expected to leave our factory  in Bangladesh around  the middle of  August and will arrive at the  customer's warehouse  towards the end of September The wholesale value of this container is above  $100,000 with a retail value in excess of $150,000. More importantly,  there is the potential for repeat orders  for this item from the same distributor.
 
Updates will be forthcoming. 

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Posted by: M Kabir AT 09:40 am   |  Permalink   |  Email
Wednesday, July 09 2014

Dear Shareholders, 

I would like to take this opportunity to wish you and your families a  happy and safe summer season. Here  is an overview of the activity that has taken place since Universal Apparel Company was acquired by Drake Gold Resources Inc. (DKGR:OTC): 

1)Since the acquisition,  Universal Apparel has produced nine  shipments of t-shirts that  have been delivered to customers with a wholesale value in excess of $800,000 and a retail market value above $2.5 million.

2) Universal Apparel's production in three separate factories in Bangladesh is running at  full capacity. Continuous shipments are expected for the next year. Order bookings are now more than these factories' maximum production capabilities.

3) Universal Apparel plans to expand its manufacturing capacity and, within the next few weeks, another factory will be added to the many that Universal Apparel utilizes.

4) Contracts have been signed to supply four containers of spring items where production will begin in August. Shipments are expected to leave Bangladesh in  December. Negotiations are underway to expand this project to an additional 2 to 3 containers. Once shipments are completed this consignment alone will generate $700,000 in  revenue for the company.

5)Purchase orders are being received continuously from existing customers that  have selected Universal Apparel as their sole supplier for certain products.

6) Universal is in continual negotiations to supply clothing items to new wholesalers. 
 
7) A new marketing strategy is being developed in which Universal Apparel is planning to allocate some of its marketing activities to the internet. In addition, as part of this strategy, Universal Apparel  is planning on attending  some prominent industry trade shows in various cities as well as beginning to   advertise in  industrial and trade journals. This will further enhance Universal Apparel's status as  both a premium manufacturer and supplier.

I appreciate your support and feedback. I am very optimistic about the future of the company,  from an increase in wholesale distributions to  acquisitions while growing revenues and enhancing shareholder value. 

Respectfully
MKabir

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Posted by: M Kabir AT 12:46 pm   |  Permalink   |  Email
Monday, June 30 2014

Universal Apparel Company, a wholly-owned subsidiary of Drake Gold Resources Inc. (DKGR:OTC),  is pleased to announce that it has completed  two shipments  from factories in Bangladesh in the month of June.  These shipments will arrive in the USA by the  end of July. The wholesalers are eagerly awaiting these goods as inventory demand remains robust. Universal  Apparel constantly monitors the transit of their shipments and  updates its customers as a value-added courtesy. 

Universal Apparel is  also proud to announce that it will  enter the month of July with order bookings more than its production capacity. Due to these overwhelming orders, Universal Apparel is already in the process of expanding  its manufacturing capacity but, in the interim, it will make use of the subletting of factories that have excess capacity.  According to Mr. Kabir,  controlling shareholder and  director of Drake Gold Resources Inc. (DKGR:OTC), the expectation for July is to complete the production of three purchase orders resulting in over $300,000 in revenues  for the company.

Updates will be forthcoming

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Posted by: M Kabir AT 11:54 am   |  Permalink   |  Email
Thursday, June 26 2014

Universal Apparel Company, a wholly-owned subsidiary of Drake Gold Resources Inc. (DKGR:OTC),   is pleased to announce that it has signed a contract to supply a container with a combination of summer and winter items which include both short and long sleeved t-shirts for a major distributor in Chicago, Illinois. The wholesale value of this merchandise  is in excess of $125,000. This is the second order that Universal Apparel has received from this customer this year which shows the loyal customer base that Universal Apparel is building. Universal Apparel's factory in Bangladesh will begin working on this order immediately and it is expected that the factory will complete the production by the end of July with the delivery to the customer's warehouse expected in late August. 

Updates will be forthcoming. 

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Posted by: M Kabir AT 10:54 am   |  Permalink   |  Email
Sunday, June 22 2014

Drake Gold Resources Inc. (DKGR:OTC) is pleased to announce that its wholly-owned subsidiary, Universal Apparel Company, has received a purchase order for approximately $100,000 to supply high-quality T-Shirts to an Illinois wholesaler. Negotiations with this wholesaler were previously mentioned in a website update dated Sunday June 15th.

On another note, due to the overwhelming demand for its textile products, Universal Apparel  Company  is evaluating strategic options with which to increase its production capacity in Bangladesh. After the past several months of  an intense selection process,  Universal  Apparel  Company  is pleased to announce that it has narrowed its selection to just a few factories in Bangladesh.  Out of these select few, one factory is a leading supplier of ready made garments to Wal-Mart, Target  and other major  retailers in the USA. Once Universal Apparel Company has finalized an agreement with one of these factories, its production capability will be increased substantially to the benefit of all the shareholders.

Updates will be forthcoming

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Posted by: M Kabir AT 11:39 am   |  Permalink   |  Email
Thursday, June 19 2014

Drake Gold Resources Inc.'s wholly-owned subsidiary, Universal Apparel Company, is pleased to announce that it has received a purchase order from an Oakland, California-based wholesaler for 50,000 t-shirts valued at approximately $100,000. The t-shirts are expected to arrive in Oakland around June 24th. After the shipment clears customs, it will be delivered directly to the wholesaler to be sold to their retail clientele. 
 
Updates will be forthcoming. 

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Posted by: M Kabir AT 04:47 pm   |  Permalink   |  Email
Sunday, June 15 2014

M. Kabir, director of Drake Gold Resources Inc. (DKGR:OTC),  is pleased to announce that, pursuant to the website update dated May 26th, 2014, Universal Apparel Company,  a wholly-owned subsidiary of Drake Gold, after extensive negotiations has received a purchase order  from the aforementioned large,  Illinois wholesaler to supply several containers of Twill Cargo short pants. The  purchase order is worth approximately $400,000.

In continuation of this momentum, Universal Apparel Company is now in late-stage negotiations to  supply  approximately $100,000 worth of high-quality t-shirts to another Illinois wholesaler. This wholesaler has already placed a purchase order of approximately $500,000 earlier this year with Universal Apparel that resulted in the shipment of two, 40 foot containers of t-shirts in addition to one container presently in transit from the factory in Bangladesh. 

Updates will be forthcoming.

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Posted by: M Kabir AT 10:00 am   |  Permalink   |  Email
Monday, May 26 2014

Drake Gold Resources Inc.'s (DKGR:OTC) wholly-owned subsidiary, Universal Apparel Company,  is pleased to announce that it has entered  negotiations with a large Illinois  wholesaler  to supply  four containers of high quality Twill Cargo short pants for the spring/summer season of 2015. Each container will hold 18,000 pieces of these short pants making the total volume of the contract consist of 72,000 pieces   which   equates to $400,000 dollars.

If the negotiations prove successful, Universal    Apparel   Company will receive the purchase order in the first part of  June  2014 .  Immediately   upon   receipt of this order, a corresponding  factory in Bangladesh will develop the pre-production sample needed for buyer approval.  Once the confirmation is received, full production will begin in July 2014 resulting in the first shipment arriving in the Chicago warehouse by the middle of December 2014 . The company is expected to complete all shipments by March of 2015.

Updates will be forthcoming.

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Posted by: M Kabir AT 12:47 pm   |  Permalink   |  Email
Thursday, April 24 2014

Drake Gold Resources Inc. Is pleased to provide a Corporate Update. 

Drake Gold Resources Inc. has completed the acquisition of Universal Apparel Company. Consideration for the acquisition consisted of preferred shares owned by Mr. Matousek and a consultant for the company.

M. Kabir, now  the controlling shareholder and director of Drake, states the following, "our website will reflect the profitable textile company recently sold to Drake. It is being completely revamped and we apologize for the delay" 

Drake Gold will continue to own its stake in Parker Technologies as well as the notes in Eagle Oil Holding Company Inc (EGOH:OTC). However, the interest in the leases in Pennsylvania have been used to settle some of the corporation's debts in an effort to strengthen the balance sheet. 

Updates will be forthcoming. 

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Posted by: M Kabir AT 03:32 pm   |  Permalink   |  Email
Tuesday, March 04 2014

Drake Gold Resources Inc.(DKGR:OTC) is pleased to announce that it has purchased a textile company named Universal Apparel Company in an effort to diversify the company's revenue base. Universal Apparel Company is a vertical manufacturer, importer, distributor and private label of textiles. Peter Matousek has resigned  as President of the Company and will stay on as the  Secretary  of the corporation during the transition period. Mahabubul Kabir has been appointed as the President of the corporation.
 
Prince Kennedy has been removed from the corporation in all capacities in the best interest of shareholders.
 
Updates will be forthcoming.

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Posted by: Peter Matousek AT 10:43 am   |  Permalink   |  Email


Twitter universalapparl

Universal Apparel and Textile Company

311 Division Street Carson City, Nevada 89703