Universal Apparel & Textile Company (DKGR:OTC) is pleased to announce that it has received a trial order for ladies, two pocket, long sleeve shirts through its joint venture with BD Impotex LLC from a preferred vendor of Burlington Stores Inc. (BURL:NYSE). The product is to be made out of 100% viscose with polka dot and stripes prints. BD Impotex has developed the specific viscose to be used at the request of the vendor in conjunction with Burlington Stores Inc.. The product will be sold only at Burlington Coat Factory stores.
Mr. Kabir, CEO of Universal Apparel and Textile Company states, “We are very excited about receiving this purchase order. These type of projects were envisioned when we entered into a joint venture with BD Impotex. BD Impotex has long been serving chain stores like Burlington Stores Inc (BURL:NYSE) directly and through preferred vendors This is only a trial order for us but once successfully delivered to Burlington Stores Inc., it is expected to lead to additional orders with quarterly volume of approximately 30,000 units with a wholesale value of about $250,000.”
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