Universal Apparel and Textile Company (OTC:DKGR) is pleased to announce that it has completed and filedits quarterly disclosure statement, including financial statements, for the period ended March 31, 2019.The company had revenue for that period of $587,716 with a net income of $22,611
Mr. Kabir, CEO of Universal Apparel and Textile(OTC:DKGR), commented, "We are pleased with the financials of the company. We have more than doubled our revenueand net profit compare to the same period of last year. Our sales momentum is accelerating and the outlook for the second quarter looks extremely positive which will translate into dramatically improved financial statements for the next few quarters.”
Updates will be forthcoming.
Universal Apparel & Textile Company
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About Universal Apparel & Textile Company
Universal Apparel and Textile Company is a vertical marketer, manufacturer, and distributor of high quality branded and private label activewear apparel. We specialize in selling a variety of casual and athletic wear tops and bottoms, embellished and unembellished T-shirts, and fleece products for the ever-changing apparel market.
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