Universal Apparel and Textile Company (DKGR:OTC) is pleased to announce that it has been selected by a large wholesaler to develop a slim fitted, t-shirt using carded yarn for the upcoming spring season. The wholesaler’s target markets are Midwesterners and Southerners since it supplies over 200 retail stores, beauty shops and niche clothing stores within that geographic area.
Mr. Kabir, CEO of Universal Apparel and Textile Company (DKGR:OTC), states, "t-shirt fashion is going through a revolution. People are moving away from the ‘big and tall’ look towards the ‘slim cut, v-neck’. If we prove successful in developing and marketing this new, stylish, colorful, t-shirt, we can easily capture a lion’s share of this market.”
Universal Apparel and Textile Company (DKGR:OTC) is also pleased to announce that, in the month of May, three shipments have arrived in the USA and delivered to customers from our factories in Bangladesh. The revenues expected to be generated from these deliveries will be in excess of $300,000.
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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