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Friday, January 02, 2015 9:42:08 AM
Universal Apparel Company, a Drake Gold Resources Inc. (DKGR:OTC) Subsidiary, enters into Late-Stage Discussions for a $2 million T-Shirt Purchase Order
Universal Apparel Company, a Drake Gold Resources Inc. (DKGR:OTC) subsidiary, is pleased to announce that it has entered into late-stage discussions with one of the largest wholesalers of garments in the Midwest to supply a large quantity of t-shirts for the upcoming spring/summer season. Upon completion of discussions followed by a purchase order, Universal Apparel will supply roughly 1 million pieces of t-shirts, utilizing 15-20 containers load, shipped from our factories in Bangladesh, all within a 12 month period. The first container will be delivered in the middle of November , 2014 followed by between 1 to 3 containers in each subsequent month until the end of fall, 2015. These series of bookings alone will generate a total of approximately $2 million in revenue for Universal Apparel with retail value in excess of $5 million.
M Kabir, director of Drake Gold Resources Inc. (DKGR:OTC) is very pleased with this development and is confident that Universal Apparel will get the contract as it has experience in both the manufacturing and importing of t-shirts incorporating both quality and adherence to wholesalers' strict specifications. In addition, this wholesaler has showed interest in the production of other textiles such as boxer pants, A-shirts, thermals and hoodies.
Updates will be forthcoming.
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