Universal Apparel & Textile Company (DKGR:OTC) is pleased to announce that it has signed a joint venture agreement with BD Impotex LLC to both promote and sell Universal Apparel’s products to various chain stores. BD Impotex will act as a sales representative of Universal Apparel.
BD Impotex , based in Los Angeles, California, manufactures and imports ladies fashion items utilizing several factories in Bangladesh. Their sales office and warehouse are in Los Angeles and boasts a roster of well established clients such as Ross Stores Inc. (ROST:NASDAQ), Citi Trends Inc. (CTRN:NASDAQ) and The TJX Companies Inc. (TJX:NYSE). In addition, they have licensed products (http://www.sweetnkool.com/) that are being sold throughout the USA.
Mr. Kabir, CEO of Universal Apparel and Textile Company states, “we are very pleased with this joint venture agreement. The alliance with BD impotex will allow us to cater to a different segment of clientele than is our norm.. This is a new horizon for Universal Apparel and we are looking forward to working hand to hand with BD Impotex.”
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