Universal Apparel and Textile Co. (DKGR)

[C.G.B Spender]

Lets see some 3's today!!!!!
GO $DKGR!!!!!

Revenues of $682,711 were strong this quarter pursuant to a robust, wholesale appetite for Universal Apparel's textiles. This demand is expected to continue into the following quarter. Net Income before Taxes was $25,083 which, as a percentage of revenues, was low owing to the high interest rates paid for financing the purchase orders reflected in the "Purchases" line item of the "Cost of Goods Sold" section of the Income Statement. However, more favorable funding sources are being evaluated so as to bring this percentage between 7%-8% which is more in alignment with the industry average.

http://drakegold.com/blog/view/541/drake_gold_resources_inc___dkgr_otc___files_its_quarterly_report_for_the_period_ended_june_30th_with_consolidated_financial_statements_reflecting_the_acquisition_of_its_now_wholly_owned_subsidiary__universal_apparel_company__