Universal Apparel and Textile Co. (DKGR)

[FroMagic]

DKGR: The Latest News & Results (updated)

July 26, 2016

Universal Apparel & Textile Company (DKGR:OTC) Signs A Joint Venture agreement With BD Impotex LLC.

Universal Apparel & Textile Company (DKGR:OTC) is pleased to announce that it has signed a joint venture agreement with BD Impotex LLC to both promote and sell Universal Apparel’s products to various chain stores. BD Impotex will act as a sales representative of Universal Apparel.

BD Impotex , based in Los Angeles, California, manufactures and imports ladies fashion items utilizing several factories in Bangladesh. Their sales office and warehouse are in Los Angeles and boasts a roster of well established clients such as Ross Stores Inc. (ROST:NASDAQ), Citi Trends Inc. (CTRN:NASDAQ) and The TJX Companies Inc. (TJX:NYSE). In addition, they have licensed products (www.sweetnkool.com) that are being sold throughout the USA.

Mr. Kabir, CEO of Universal Apparel and Textile Company states, “we are very pleased with this joint venture agreement. The alliance with BD impotex will allow us to cater to a different segment of clientele than is our norm.. This is a new horizon for Universal Apparel and we are looking forward to working hand to hand with BD Impotex.”

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July 21, 2016

Universal Apparel & Textile Company (DKGR:OTC) Produces Summer Clothing for Source of Apparel Inc.

Universal Apparel & Textile Company (DKGR:OTC) is pleased to announce that it is now producing summer clothing for Source of Apparel Inc. A container of goods has arrived this week in a New York port bound for Source of Apparel, a client over the last few years. Source of Apparel is a well-established, garment company located in Morton Grove, IL which sells products under the brand name of “NOIZ” and “Beat & Rhythm”. These brands are very popular in both the African American and Hispanic communities. They primarily supply chain stores, beauty supply stores and to other smaller wholesalers all over the USA. Universal Apparel manufactures in excess of a million dollars worth of revenue producing products each year for this customer.

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DKGR Provides A Production And Delivery Update

July 19, 2016

Universal Apparel & Textile Company (DKGR:OTC) is pleased to announce that it has delivered a container load of T-shirts produced for Cotton Connection ( www.cottonconnection.com ) based out of Chicago. Cotton Connection sells their products under the brand name of “Cotton Plus” and has been a long term client of Universal Apparel. This is the second container of T-shirts that Universal Apparel has manufactured for them within the last sixty days. Currently, another container of T-shirts is in production with projections of doing another three containers of winter apparel with Universal Apparel before the end of the year. Universal Apparel will generate close to a million dollars in revenue this year alone from this client.

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DKGR Q1 2016 Results:

Revenues: $521,719
Cost of Revenues: $478,798
Gross Profit: $42,921
Operating Costs: $4,959
Net Income: $37,962

Liquidity and Capital Resources: During the period ended March 31, 2016, the Company produced cash or cash equivalents from operations of $33,527.

CASH AT BEGINNING OF PERIOD: $136,920
NET INCREASE (DECREASE) IN CASH: $33,527
CASH AT END OF PERIOD: $170,447

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DKGR : Corporate Update

Jun 29, 2016

Chicago, IL -

Universal Apparel & Textile Company (DKGR:OTC) is pleased to provide a corporate update. In 2014, Universal Apparel Company (Illinois) was bought by Drake Gold Resources Inc., a publicly traded company. Mr. Mahabubul Kabir was appointed as the CEO and ran all aspects of the company since then. All previous officers and directors of Drake Gold have resigned with no involvement with the company whatsoever. Universal Apparel Company is a vertical manufacturer , importer and distributor of textiles, apparels and accessories. Since the company’s core business is apparel and textile, in 2015, Drake Gold changed its name to reflect the focus of its main asset and the ensuing direction of the company.

Since Mr. Kabir became CEO, Universal Apparel has had continuous growth with profits. In addition, it finished both 2014 and 2015 with positive cash flows. This growth and profitability is expected to continue.

In 2015, In an attempt to diversify our asset base in areas outside our core business of textiles, Universal Apparel signed an acquisition agreement with Newealth US Inc., an Arizona company, with multi-divisions and multi product lines. By mutual consent, the acquisition was cancelled.

Universal Apparel has strategically selected Bangladesh for production. In the global manufacturing environment for textiles, Bangladesh has the lowest cost of labor. The demand for our products is greater than it has ever been. Some factories in Bangladesh are working on our products exclusively.

Universal Apparel continues to manufacture our products in outsourced factories in Bangladesh which add to our costs and flexibility. In 2016, we plan to buy a medium sized manufacturing facility in Bangladesh to remain competitive.

Universal Apparel is also planning on revamping our ladies’ product lines. Primarily we will focus on junior tops and stretch denim jeans. Gradually we will introduce other lines of ladies’ products.

Market research showing online retail sales is growing in popularity. In 2016, Universal Apparel is planning on having an online retail clothing store to sell high end PK polo shirts and washed denim jeans. This will generate additional revenue for the company.

In addition to acquiring a new facility, Universal Apparel intends to increase its sales force. It is in negotiations with a number of entities in the West Coast of the U.S. for a joint venture. As a result, it will hire several sales and marketing personnel in the Los Angeles and New York area.

Soon Universal Apparel will have its corporate office in Aurora, IL. Aurora is 30 miles west of downtown Chicago. It is in final stages of negotiation with a real estate company and will have a new corporate address soon.

Updates will be forthcoming.

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DKGR 2015 Year-End Results:

Year Ended: -------- 2015 ---------- 2014

Revenue ------- $ 2,917,779 ---- $ 1,861,872
COG ------------- 2,811,785 ------ 1,757,991
Gross Profit ------ 105,994 -------- 103,881
Op Expenses -------- 64,241 --------- 53,559
Net Income --------- 41,753 --------- 50,322