Universal Apparel & Textile Company (DKGR:OTC) is pleased to announce that a large wholesaler has successfully completed its due diligence on Universal Apparel and has placed a trial order for 60,000 pieces of open ended T-shirts to be delivered in December.
Mr Kabir, CEO of Universal Apparel, states, “we are very excited about adding this new wholesaler to our roster. This particular wholesaler imports their products from China. However, we have been successful in diverting a large portion of their production from China to our factories in Bangladesh. Upon successful delivery of this first shipment, they will place significantly larger orders with Universal Apparel.”
The delivery of this first shipment will add over $100,000 in revenue for Universal Apparel.
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