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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

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Universal Apparel and Textile Company

311 Division Street Carson City, Nevada 89703