Both Mr Turner and Mr. Kabir, directors of Universal Apparel & Textile Company (DKGR:OTC), attended a conference on August 11th, 2015 in Chicago with multiple wholesalers in preparation for contracts bringing NBA players’ clothing lines as well as governmental clothing contracts through Calvin Jarrett and the George Washington Carver Foundation to be crafted by Universal Apparel. Discussions included a smaller, domestic manufacturing facility to conform with “Made in the USA” requirements on some of the contracts. Newealth US is preparing to help capitalize and administrate the smaller US operations based in the Chicago area.
Calvin Jarrett is a clothing manufacturer with multiple contract sources both in the private and governmental apparel sector who is working with Reverend Al Sampson, an African American national civic leader and founder of George Washington Carver Foundation, who are championing the creation of jobs and job training centered around the garment industry which will include collaboration with Universal Apparel and its subsidiary, Newealth. Mr. Turner states, “our companies are leading the way in the establishment strong brand recognition and manufacturing of quality products focused on the demand created within the African American US retail markets.”
The sales and branding opportunity represented by this potentially lucrative meeting will be defined at the follow up meeting at the first of next week.
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