Universal Apparel Company, a Drake Gold Resources Inc. (DKGR:OTC) subsidiary, is pleased to announce that it has received a purchase order from another distributor to supply a forty foot container of long-sleeved, outerwear "thermal". Thermal is a fall/winter item and primarily used for the colder weather since it is made out of tight-knitted cotton. Universal Apparel will begin production of this product immediately as this is deemed high priority by the distributor due to its seasonal sensitivity. The container is expected to leave our factory in Bangladesh around the middle of August and will arrive at the customer's warehouse towards the end of September The wholesale value of this container is above $100,000 with a retail value in excess of $150,000. More importantly, there is the potential for repeat orders for this item from the same distributor.
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.