Universal Apparel Company has delivered eight container load shipments to numerous wholesalers year-to-date. The products consists of T-shirts, PK Polo shirts and Cargo shorts. The revenue generated from these shipments is in excess of $700,000.
Mr Kabir, the CEO of Drake Gold Resources Inc. (DKGR:OTC), states, “our wholesalers are pleased with our quality and expediency resulting in continued repeat business.”
With regards to the purchase of a factory in Bangladesh as mentioned in a previous press release, a consulting company has now been hired to select a factory to be purchased. A decision is to be rendered within about four months that will be acted upon.
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