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 NEWS
Tuesday, December 13 2016

Universal Apparel & Textile Company (DKGR:OTC) is pleased to announce that it has been selected  to develop a CVC fabric hoodie for a major retailer/distributor in NYC. The fabrics will be made out of a combination of 60% cotton and 40% polyester and will  weigh 300 grams per square meter. In addition, the hoodie  will have a   double layer hood and YKK zipper.

Mr. Kabir,  CEO of Universal Apparel states  “we  are very excited at this development and  have already  begun our research to find a factory in Pakistan to fulfill the order. Pakistan is a leading manufacturer of polycotton products such as CVC fabrics. We are expecting to complete the development phase within the next few weeks and, upon completion,  I am confident on receiving  purchase orders for several containers of hooded products in the coming months.”

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 07:09 am   |  Permalink   |  Email
Thursday, November 10 2016

Universal Apparel & Textile Company (DKGR:OTC) is pleased to announce that it has successfully delivered a container load of winter items.  The purchase order for this shipment was announced on a Press Release dated September 1st, 2016. The wholesaler is ecstatic about receiving this shipment right before the  cooler temperatures becomes the norm.

The wholesale value of the purchase orders is  over $100,000.

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 08:30 am   |  Permalink   |  Email
Wednesday, November 02 2016

Universal Apparel & Textile Company (DKGR:OTC)  is pleased to announce that it has received an order for  several container loads of  cargo short pants from  a large wholesaler.  Previously this wholesaler  asked Universal Apparel  to develop prototype samples which was announced in a news release dated September 26, 2016.  After receiving the samples, the wholesaler immediately  issued three purchase orders with a combined value of over  $350,000 which is a testament to their level of satisfaction.

The cargo short  pants will use all  cotton, medium weight,  twill  fabrics with a five  pocket design as well as with   matching color belts. In addition, the pants  will be available  in  both solid colors and camo print fabrics which should  be popular in the upcoming spring season.

Mr Kabir,  CEO of Universal Apparel, states the following, “after  several years of soft demand, cargo short pants are becoming  popular once again.  The wholesaler is  very fashion-oriented so that the colors and styles that  they have chosen will be in demand next year. The first shipment will arrive in the USA beginning in January of  2017.”

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 08:23 am   |  Permalink   |  Email
Thursday, September 29 2016

Universal Apparel & Textile Company (DKGR:OTC) is pleased to announce that it  will start development of  a high quality,  PK polo golf T-shirt. The product will be made out of combination of cotton and synthetic nylon which will give it a  smooth texture when worn.  Universal Apparel will use its facility in Bangladesh to do the research and development. Initially, the product will be sold on  Amazon and Ebay then  to retailers and wholesalers once demand strengthens. Universal Apparel anticipates the launch of    the product to occur at the beginning of the upcoming spring 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, September 26 2016

Universal Apparel & Textile Company (DKGR:OTC)  is pleased to announce that it is in negotiations to develop cargo short pants for a large wholesaler.  The pants  will use all  cotton, medium weight,  twill  fabrics with a five  pocket design as well as with   matching color belts. The pants  will be available  in  solid colors and camo print fabrics which should  be popular in the upcoming spring season.

Mr Kabir,  CEO of Universal Apparel, states the following, “after  several years of soft demand, cargo short pants are becoming  popular once again.  The wholesaler is  very fashion-oriented so that the colors and styles that  they have chosen will be in demand next year and it  is expected that we will produce  several containers worth of cargo short pants for them.”

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
Tuesday, September 20 2016

Universal Apparel & Textile Company (DKGR:OTC) and its joint venture partner, BD Impotex, are working towards the development of  special fabrics to be used in jeans for a large chain store in California. The  fabric will be unique in that it will be  made out of combination of ring spun cotton, viscose as well as spandex. Once the fabric has been developed, ladies stretch denim jeans can be manufactured with a fraction  of the  cost but will be more durable and flexible than traditional ones on the market.  The chain store will place a fifty thousand piece trial order.

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 09:46 am   |  Permalink   |  Email
Monday, September 12 2016

Universal Apparel & Textile Company (DKGR:OTC) is pleased to announce that a large wholesaler has  successfully completed  its  due diligence on Universal Apparel and  has placed a trial order for 60,000 pieces of open ended T-shirts to be delivered in December.

 Mr Kabir, CEO of Universal Apparel,  states, “we  are very excited about adding this new wholesaler to our roster. This particular wholesaler   imports their products from China. However, we have been successful in diverting a large portion  of their production from China to our factories in Bangladesh. Upon successful delivery of this first shipment,  they will place  significantly larger orders with Universal Apparel.”

The delivery of  this first shipment will add  over $100,000 in revenue for 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 11:06 am   |  Permalink   |  Email
Thursday, September 01 2016

Universal Apparel & Textile Company (DKGR:OTC) is pleased to announce that it has received  purchase orders from two separate wholesalers for fall and winter clothing. . Mr Kabir, CEO of Universal Apparel states,  “ we  are experiencing a strong momentum in our sales as we increase our market share.”

The wholesale value  of the purchase orders is  over $200,000.

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 01:49 pm   |  Permalink   |  Email
Monday, August 29 2016

Universal Apparel & Textile Company (DKGR:OTC) is pleased to announce that its container with fall items had arrived in Chicago from Bangladesh  and subsequently delivered to the customer. The delivery consisted of  fall and winter items for “Source of Apparel”. This shipment is expected to generate over $100,000 in revenue for 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 10:26 am   |  Permalink   |  Email
Thursday, August 25 2016

Universal Apparel and Textile Company (OTC:DKGR) is pleased to announce that it has completed and filed its quarterly report including  financial statements for the period ended  June 30th, 2016. The company had revenue for that period of $1,015,842.18  with a net income of $49,020.92. . Mr. Kabir, CEO of Universal Apparel and Textile (OTC:DKGR), commented, "We are pleased with the  financials of the company. We have had  eight consecutive quarters with positive net profits with our sales momentum accelerating. “

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 10:15 am   |  Permalink   |  Email
Monday, August 22 2016

Universal Apparel & Textile Company (DKGR:OTC), attended the largest garments show in North America.  The Magic show (www.magiconline.com) was   held in Las Vegas from August 15th to Aug 17th. According to Mr Kabir, CEO of Universal Apparel & Textile Company, “It was a great place to introduce products and to also establish relationships with new clients.  Previously,  we had great success from attending these shows and we  are evaluating our attendance at other  major trade shows such as  “OFFPRICE Show” (www.offpriceshow.com).“

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 10:26 am   |  Permalink   |  Email
Thursday, August 11 2016

Universal Apparel & Textile Company (DKGR:OTC) is pleased to announce that it has received a request to develop both 100% cotton heavy, twill, long pants and raw denim jean pants from Source of  Apparel. Source of Apparel has its own line of long and short pants that are sold under the brand name of   “NOIZ” and “Beat & Rhythm”. These brands are very popular in both the African American and Hispanic communities and the new product will be sold under those brand names.

Mr. Kabir, CEO of Universal Apparel and Textile Company, states, “we  have long been serving this customer with men’s t-shirts. Now we are interested in providing product for some of their other lines since Source of Apparel has a large market share in men’s urban clothing.”

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 10:31 am   |  Permalink   |  Email
Sunday, August 07 2016

Universal Apparel & Textile Company (DKGR:OTC) is pleased to announce that it has moved its corporate office to a new location. The new address is 1700 N Farnsworth Ave., Suite 24, Aurora, IL 60505.

Mr. Kabir, CEO of Universal Apparel and Textile Company,  states, “we were actively looking for a good location for our corporate office. We are now located in Aurora, IL.,  right off of Interstate 88 and only 25 miles north west of downtown Chicago. It is close to two major airports, making it easily accessible to  our clients.”

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 09:01 pm   |  Permalink   |  Email
Thursday, August 04 2016

Mr. Kabir, CEO of Universal Apparel & Textile Company (DKGR:OTC),  last week visited  several clothing wholesalers and distributors in the Manhattan fashion district such as  “Sportswear LLC”, “Super Sportswear of NY”, and “Unique Apparel”. Even though all  these companies have their own lines of product which they manufacture in countries such as  Bangladesh, China and India,   they  have expressed a definitive  interest in  working  with  Universal Apparel and, as a result, have requested samples for their products.

Mr. Kabir states, “we are very encouraged with our meetings with a number of well established garment companies in Manhattan’s fashion district. This is the place where fashion and new styles are born and subsequently adopted worldwide. Once we are successful in establishing relationships with these companies, our future growth will be exponential.”

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 08:42 pm   |  Permalink   |  Email
Tuesday, August 02 2016

Universal Apparel & Textile Company (DKGR:OTC) is pleased to announce that it has received a trial order for ladies,  two pocket,  long sleeve shirts through its joint venture with BD Impotex LLC from a preferred vendor of Burlington Stores Inc. (BURL:NYSE). The product is to be  made out of 100% viscose with polka dot and stripes prints. BD Impotex has developed the specific viscose to be used  at the request of the vendor in conjunction with Burlington Stores Inc.. The product will be sold  only at Burlington Coat Factory stores.

Mr. Kabir, CEO of Universal Apparel and Textile Company states, “We are very excited about  receiving this purchase order. These type of projects were envisioned when we entered into a joint venture with BD Impotex. BD Impotex has long been serving chain stores like Burlington Stores Inc (BURL:NYSE) directly and through preferred vendors This is only a trial order for us but once successfully delivered to Burlington Stores Inc.,  it is expected to   lead to additional orders with  quarterly volume of approximately 30,000 units with a wholesale value of about $250,000.”

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 08:35 am   |  Permalink   |  Email
Tuesday, July 26 2016

Universal Apparel & Textile Company (DKGR:OTC) is pleased to announce that it has signed a joint venture agreement with BD Impotex LLC to both promote and sell Universal Apparel’s products to various chain stores. BD Impotex will act as a sales representative of Universal Apparel.

BD Impotex , based in Los Angeles, California,  manufactures and imports ladies fashion items utilizing several factories in Bangladesh. Their sales office and warehouse are in  Los Angeles and boasts a roster of  well established clients such as  Ross Stores Inc. (ROST:NASDAQ), Citi Trends Inc. (CTRN:NASDAQ) and The  TJX Companies Inc. (TJX:NYSE). In addition, they have licensed products (http://www.sweetnkool.com/) that are being sold throughout the USA.

Mr. Kabir, CEO of Universal Apparel and Textile Company states, “we are very pleased with this joint venture agreement. The alliance with BD impotex will allow us to cater to a different segment of  clientele than is our norm.. This is a new horizon for Universal Apparel and we are looking forward to working hand to hand with BD Impotex.”

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
Thursday, July 21 2016

Universal Apparel & Textile Company (DKGR:OTC) is pleased to announce that it is now producing summer clothing  for Source of Apparel Inc. A container of goods has arrived this week in a  New York port bound for Source of Apparel, a client over  the last few years. Source of Apparel is a well-established, garment company located in Morton Grove, IL which sells products under the brand name of  “NOIZ” and “Beat & Rhythm”. These brands are very popular in both the African American and Hispanic communities. They primarily supply chain stores, beauty supply stores and to other smaller wholesalers all over the USA. Universal Apparel  manufactures in excess  of a  million dollars worth of revenue producing products each year for this customer.

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 09:09 am   |  Permalink   |  Email
Tuesday, July 19 2016

Universal Apparel & Textile Company (DKGR:OTC) is pleased to announce that it has delivered a container load of T-shirts produced for   Cotton Connection (www.cottonconnection.com) based out of Chicago. Cotton Connection sells their products under the brand name of “Cotton Plus” and  has been a long term  client of Universal Apparel. This is the second container of T-shirts that Universal Apparel  has manufactured for them within the last sixty days. Currently, another  container of T-shirts is in production with projections of doing another three containers of winter apparel with Universal Apparel  before the end of the year. Universal Apparel will generate close to a million dollars in  revenue this year alone from this client.

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 09:18 am   |  Permalink   |  Email
Wednesday, June 29 2016

Universal Apparel & Textile Company (DKGR:OTC) is pleased to provide a corporate update. In 2014, Universal Apparel  Company  (Illinois) was bought by Drake Gold Resources Inc.,  a publicly traded company. Mr. Mahabubul Kabir was appointed as the CEO and ran all aspects of the company since then. All previous officers and directors  of Drake Gold have resigned with  no involvement with the company whatsoever. Universal  Apparel  Company is a vertical manufacturer , importer and distributor of textiles, apparels  and accessories. Since the company’s core business is apparel and textile,  in 2015, Drake Gold changed its name to reflect the focus of its main asset  and the ensuing direction of the company.

Since Mr. Kabir became CEO, Universal Apparel has had continuous growth with  profits.  In addition, it  finished both 2014 and 2015 with  positive cash flows. This growth and profitability is expected to continue.

In 2015,  In an attempt to diversify our asset base  in areas outside our core business of textiles, Universal Apparel signed an acquisition agreement with Newealth US Inc.,  an Arizona company,  with multi-divisions and multi product lines. By mutual consent, the acquisition was cancelled.

Universal Apparel  has  strategically selected Bangladesh for production. In the  global manufacturing environment for textiles,  Bangladesh has the lowest cost of labor.  The demand for our products is greater than it has ever been. Some factories in Bangladesh are working  on our products exclusively.

Universal Apparel continues  to manufacture our products in outsourced  factories in Bangladesh which add to our costs and flexibility. In 2016, we plan to buy a medium sized  manufacturing facility in Bangladesh to remain competitive.

Universal Apparel is also planning on revamping our ladies’ product lines. Primarily we will focus on junior tops and stretch denim jeans. Gradually we will introduce other lines of ladies’ products.

Market research showing  online  retail sales  is growing in popularity. In 2016, Universal Apparel is planning on  having an online retail clothing store to sell high end PK polo shirts and washed  denim jeans. This will generate additional revenue for the company.

In addition to acquiring a new facility, Universal Apparel intends to increase its sales force. It is in  negotiations with a number of entities in the West Coast  of the U.S.  for a joint venture. As a result, it will hire several sales  and marketing  personnel  in the Los Angeles and New York area.

Soon Universal Apparel will have its corporate office in Aurora, IL. Aurora is 30 miles west of downtown Chicago. It is in final stages of  negotiation   with a real state company and will have a new corporate address soon.

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 09:14 am   |  Permalink   |  Email
Thursday, June 23 2016

Universal Apparel & Textile Company (DKGR:OTC) is pleased  to announce,   effective June 23rd, 2016,  as approved by FINRA, that every 500 shares of the company’s  existing, current, issued and outstanding common stock will be converted into one newly, issued share. Any fractional share resulting from this reverse stock split will be rounded up to the next whole

share. As a result of the reverse stock split, the total issued and outstanding shares of the company’s common stock will be  decreased from  4,918,611,843 to  9,837,224. The previous CUSIP number of  91338J100 will now be 91338J209.

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 08:18 am   |  Permalink   |  Email
Tuesday, January 05 2016

Universal Apparel & Textile Company (DKGR:OTC) and Newealth US Inc. have agreed, effective immediately, to cancel the Purchase and Sale Agreement dated June 29th, 2015   in which Universal Apparel acquired Newealth US Inc. as a wholly-owned subsidiary.

Mahabubul Kabir, CEO of Universal Apparel & Textile Company (DKGR:OTC) wishes Newealth US Inc. the best in their future endeavors.

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 08:42 am   |  Permalink   |  Email


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Universal Apparel and Textile Company

311 Division Street Carson City, Nevada 89703