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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

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Universal Apparel and Textile Company

311 Division Street Carson City, Nevada 89703