Universal Apparel Company, a subsidiary of Drake Gold Resources Inc. (DKGR:OTC), will Deliver Three Containers of Merchandise,
September 29 2014 - 1:27PM
InvestorsHub NewsWire
Carson City, Nevada
- September 29, 2014 - InvestorsHub NewsWire - Universal Apparel
Company, a Drake Gold Resources Inc. (DKGR:OTC)
subsidiary, is pleased to announce that it is preparing to
deliver three containers of merchandise to various
wholesalers’ warehouses. The corresponding purchase orders
were announced in the early summer of this year via our corporate
website. A forty foot container holding 50,000 pieces of
t-shirts has arrived in Long Beach Port, CA and has
subsequently been released by US Customs and Border Patrol. The
other two containers, of which one measures 40 feet
contains t-shirts and the other is 20 feet holding long
sleeve thermal, has also arrived in Long Beach but still
awaiting custom clearance.
Mr. Kabir, director
of Drake Gold Resources Inc. (DKGR:OTC),
is pleased upon the successful receipt of these
containers due to the port congestion at Long Beach that
could have resulted in significant delays. Universal
Apparel's wholesalers have been eagerly awaiting the
merchandise as demand from their end customers remains
extremely strong.
On another note,
Universal Apparel Company stated that it had entered into
late-stage discussions with one of the largest wholesalers in the
Midwest via a website update on September 15th. The
aforementioned discussions are being finalized with an already
agreed upon delivery schedule. Purchase orders will be issued upon
Universal Apparel obtaining the necessary funding. The total value
of this purchase order should be in excess of $1.6
million.
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
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