Universal Apparel Company, a subsidiary of Drake Gold Resources Inc. (DKGR:OTC), provides both a Production and Corporate U...
November 12 2014 - 1:31PM
InvestorsHub NewsWire
Carson City, NV - November 12, 2014 -
InvestorsHub NewsWire - Universal Apparel Company, a Drake
Gold Resources Inc. (DKGR:OTC)
subsidiary, is pleased to announce that it is 90% complete on
its production for its first shipment of Twill
Cargo Short Pants originally announced on June 15th, 2014.
The expected shipping date from the factory is November
24th 2014 which is in alignment with the initial
stated date given to our wholesaler.
Mr. Kabir, newly appointed CEO of Drake
Gold Resources Inc. (DKGR:OTC),
states,” I am very excited about meeting this shipping
date as it was a crucial milestone in earning this
customer’s confidence which will now inevitably lead to
additional business. Our wholesaler is eagerly awaiting the
arrival of this merchandise as this will be the first shipment of
three. The order has proved rather challenging for our factory as
some of the accessories for these pants were being manufactured and
imported from China requiring a great degree of coordination.”
On another note, one of our preferred shareholders has under
2% of his holdings remaining. The conversion and sale of
those shares may have put pressure on the market as it was sold to
various third parties.
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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