Universal Apparel Company, a Drake Gold Resources Inc. (DKGR:OTC) subsidiary, is pleased to announce that it has successfully delivered two 40 foot containers of t-shirts housing over 100,000 pieces to two separate wholesalers in the Midwest.
The wholesale value of this merchandise is in excess of $200,000 with a retail value of approximately $450,000.
According to Mr. Kabir, director of Drake Gold Resources Inc.(DKGR:OTC), Universal Apparel's wholesalers were pleased with the deliveries with respect to both the quality and speed of delivery as demand has continued to be strong in spite of Summer coming to an end. Due to this satisfaction, it is expected that demand for additional merchandise from Universal Apparel will follow.
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.