Universal Apparel and Textile Co. (DKGR)

[trader53]

DKGR - No Reverse Split


Date : 10/20/2014 @ 10:15AM

Mahabubul Kabir has been appointed as the new CEO with Peter Matousek now as the Director of Shareholder Relations. Peter Matousek will resign his directorial and officer positions as of December 31st, 2014 now that the transition of Drake Gold into a textile company has been finalized.

Mr. Kabir, director of Drake Gold Resources Inc. (DKGR:OTC), is enthusiastic regarding Drake's future prospects and states, "this is a company with a new vision with exciting product lines. We have an unparalleled business model which is unique to the garments and textile industry. As such, we are committed to providing superior apparel and textile products to both the U.S. and Canada at the lowest possible price coupled with delivery times superior to any of our competitor's.

Mr. Kabir continued, "I have received several inquiries, regarding the possibility of a reverse split and, at this time and the foreseeable future, I have no intentions of initiating a reverse split."


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