Universal Apparel & Textile Company (DKGR:OTC) and its joint venture partner, BD Impotex, are working towards the development of special fabrics to be used in jeans for a large chain store in California. The fabric will be unique in that it will be made out of combination of ring spun cotton, viscose as well as spandex. Once the fabric has been developed, ladies stretch denim jeans can be manufactured with a fraction of the cost but will be more durable and flexible than traditional ones on the market. The chain store will place a fifty thousand piece trial order.
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