Universal Apparel & Textile Company (OTC:DKGR) is pleased to announce that it has received an order for $300,000 of cargo short pants. Even more exciting, it has been approached from a wholesaler for 2020 spring and summer clothing. The cumulative value of these orders will be in excess of $2.0 million. The production of the cargo shorts will begin immediately with first delivery expected in February of 2020.
Mr Kabir, CEO of Universal Apparel, states, “We are extremely excited about obtaining a contract for the cargo short pants. I am negotiating ferociously to get the order for the 2020 clothing collection and we are also in the process of negotiating multimillion contracts to supply t-shirts, long pants, hoodies and thermals for several different, massive wholesalers. In addition, a new potential wholesaler in Florida has been impressed by our products so that we are now competing against several other manufacturers to supply hoodies for sale in that immediate area.The contracts and purchase orders will hopefully be finalized in a short period of time as our reputation precedes us. This will keep our oversees factories at full capacity until the late summer of 2020.”
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