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.