Universal Apparel Company, a Drake Gold Resources Inc. (DKGR:OTC) subsidiary, is evaluating its strategy for attending both trade shows and conferences for the current year. According to Mr. Kabir, CEO of Drake Gold Resources Inc., there are a number of trade shows and conferences occurring throughout the year which will provide a perfect venue to introduce our products as well as to forge relationships with new clients. Previously, we had great success from attending these shows. As a result, we have begun evaluating possible attendance at several major trade shows that will benefit our company including the “MAGIC” show and also the “OFF PRICE” show. The Magic Show (www.magiconline.com) will be held from February 17th to February 19th in Las Vegas. The Off Price Show (www.offpriceshow.com) will be held from February 15th to February 18th also in Las Vegas.
Drake Gold Resources Inc. (DKGR:OTC) has cancelled 10,075,000 preferred shares belonging to Kairul Kabir in exchange for a convertible note in the amount of $175,000. The purpose of this transaction was to limit the possible dilution that the preferred shares, if converted to common shares, would have on existing shareholders.
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