Universal Apparel Company, a Drake Gold Resources Inc. (DKGR:OTC) subsidiary, is pleased to announce that it is 90% complete on its production for its first shipment of Twill Cargo Short Pants originally announced on June 15th, 2014. The expected shipping date from the factory is November 24th 2014 which is in alignment with the initial stated date given to our wholesaler.
Mr. Kabir, newly appointed CEO of Drake Gold Resources Inc. (DKGR:OTC), states,” I am very excited about meeting this shipping date as it was a crucial milestone in earning this customer’s confidence which will now inevitably lead to additional business. Our wholesaler is eagerly awaiting the arrival of this merchandise as this will be the first shipment of three. The order has proved rather challenging for our factory as some of the accessories for these pants were being manufactured and imported from China requiring a great degree of coordination.”
On another note, one of our preferred shareholders has under 2% of his holdings remaining. The conversion and sale of those shares may have put pressure on the market as it was sold to various third parties.
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