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.