Universal Apparel Company, a Drake Gold Resources Inc. (DKGR:OTC) subsidiary, is pleased to announce that it has successfully completed and shipped out from our Bangladeshi factory several containers of merchandise consisting of T-shirts, Polo Shirts, Thermals and Cargo Pants. Universal Apparel’s factories are also working diligently to complete and ship out several remaining containers before the end of the year. Consequently, the total number of containers that Universal Apparel is expected to ship out from its factories in the month of December will be six. The wholesale value of this merchandise is in excess of $600,000 with retail value over $1,000,000.
Mr. Kabir, newly appointed CEO of Drake Gold Resources Inc. (DKGR:OTC), states,” I am very excited about the production speed of out factories in Bangladesh. These containers will begin arriving in the USA in the first week of January which is a precursor to a successful year.”
On another note, Drake Gold has made progress with FINRA with respect to the previously announced, name change. We are preparing the documents necessary to meet FINRA’s requirement for completion of this change.
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