Universal Apparel and Textile Co. (DKGR)

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DKGR: The Latest News & Results (updated)

Read All News: www.universalapparelusa.com/news_


November 10, 2016

Universal Apparel & Textile Company (DKGR:OTC) Delivers Winter Clothing Shipment

Universal Apparel & Textile Company (DKGR:OTC) is pleased to announce that it has successfully delivered a container load of winter items. The purchase order for this shipment was announced on a Press Release dated September 1st, 2016. The wholesaler is ecstatic about receiving this shipment right before the cooler temperatures becomes the norm.

The wholesale value of the purchase orders is over $100,000.

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November 2, 2016

DKGR News: Universal Apparel & Textile Company (DKGR:OTC) Receives Cargo Short Pants Order

Universal Apparel & Textile Company (DKGR:OTC) is pleased to announce that it has received an order for several container loads of cargo short pants from a large wholesaler. Previously this wholesaler asked Universal Apparel to develop prototype samples which was announced in a news release dated September 26, 2016. After receiving the samples, the wholesaler immediately issued three purchase orders with a combined value of over $350,000 which is a testament to their level of satisfaction.

The cargo short pants will use all cotton, medium weight, twill fabrics with a five pocket design as well as with matching color belts. In addition, the pants will be available in both solid colors and camo
print fabrics which should be popular in the upcoming spring season.

Mr Kabir, CEO of Universal Apparel, states the following, “after several years of soft demand, cargo short pants are becoming popular once again. The wholesaler is very fashion-oriented so that the colors and styles that they have chosen will be in demand next year. The first shipment will arrive in the USA beginning in January of 2017.”

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September 29, 2016

Universal Apparel & Textile Company (DKGR:OTC) Develops High Quality PK Polo Shirts

Universal Apparel & Textile Company (DKGR:OTC) is pleased to announce that it will start development of a high quality, PK polo golf T-shirt. The product will be made out of combination of cotton and synthetic nylon which will give it a smooth texture when worn. Universal Apparel will use its facility in Bangladesh to do the research and development. Initially, the product will be sold on Amazon and Ebay then to retailers and wholesalers once demand strengthens. Universal Apparel anticipates the launch of the product to occur at the beginning of the upcoming spring season.

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September 26, 2016

Universal Apparel & Textile Company (DKGR:OTC) To Develop Cargo Short Pants

Universal Apparel & Textile Company (DKGR:OTC) is pleased to announce that it is in negotiations to develop cargo short pants for a large wholesaler. The pants will use all cotton, medium weight, twill fabrics with a five pocket design as well as with matching color belts. The pants will be available in solid colors and camo print fabrics which should be popular in the upcoming spring season.

Mr Kabir, CEO of Universal Apparel, states the following, “after several years of soft demand, cargo short pants are becoming popular once again. The wholesaler is very fashion-oriented so that the colors and styles that they have chosen will be in demand next year and it is expected that we will produce several containers worth of cargo short pants for them.”

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September 20, 2016

Universal Apparel & Textile Company (DKGR:OTC) and BD Impotex LLC Develop Specialty Denim Jeans for a Large Chain Store in California.

Universal Apparel & Textile Company (DKGR:OTC) and its joint venture partner, BD Impotex, are working towards the development of special fabrics to be used in jeans for a large chain store in California. The fabric will be unique in that it will be made out of combination of ring spun cotton, viscose as well as spandex. Once the fabric has been developed, ladies stretch denim jeans can be manufactured with a fraction of the cost but will be more durable and flexible than traditional ones on the market. The chain store will place a fifty thousand piece trial order.

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September 12, 2016

Universal Apparel & Textile Company (DKGR:OTC) Receives A Trial Order From A Large Wholesaler

Universal Apparel & Textile Company (DKGR:OTC) is pleased to announce that a large wholesaler has successfully completed its due diligence on Universal Apparel and has placed a trial order for 60,000 pieces of open ended T-shirts to be delivered in December.

Mr Kabir, CEO of Universal Apparel, states, “we are very excited about adding this new wholesaler to our roster. This particular wholesaler imports their products from China. However, we have been successful in diverting a large portion of their production from China to our factories in Bangladesh. Upon successful delivery of this first shipment, they will place significantly larger orders with Universal Apparel.”

The delivery of this first shipment will add over $100,000 in revenue for Universal Apparel.

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September 2, 2016

Universal Apparel & Textile Company (DKGR:OTC) Receives New Purchase Orders

Universal Apparel & Textile Company (DKGR:OTC) is pleased to announce that it has received purchase orders from two separate wholesalers for fall and winter clothing. Mr Kabir, CEO of Universal Apparel states, “ we are experiencing a strong momentum in our sales as we increase our market share.”

The wholesale value of the purchase orders is over $200,000.

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August 29, 2016

Universal Apparel & Textile Company (DKGR:OTC) Provides A Production And Delivery Update

Universal Apparel & Textile Company (DKGR:OTC) is pleased to announce that its container with fall items had arrived in Chicago from Bangladesh and subsequently delivered to the customer. The delivery consisted of fall and winter items for “Source of Apparel”. This shipment is expected to generate over $100,000 in revenue for Universal Apparel.

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August 23, 2016

DKGR Q2 2016 Results:

Revenues: $494,123
Cost of Revenues: $480,081
Gross Profit: $14,042
Operating Costs: $2,984
Net Income: $11,058

CASH AT END OF PERIOD: $105,208

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DKGR 2016 Results (Q1 & Q2):

Revenues: $1,015,842
Cost of Revenues: $958,879
Gross Profit: $56,963
Operating Costs: $7,943
Net Income: $49,020

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Authorized Shares: 9,900,000 a/o June 30, 2016
Shares Outstanding: 9,837,224 a/o June 30, 2016
Float: 9,837,224 a/o June 30, 2016

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http://www.otcmarkets.com/stock/DKGR/filings

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August 11, 2016

Universal Apparel & Textile Company (DKGR:OTC) Receives A Request To Develop Long Pants For Source of Apparel Inc

Universal Apparel & Textile Company (DKGR:OTC) is pleased to announce that it has received a request to develop both 100% cotton heavy, twill, long pants and raw denim jean pants from Source of Apparel. Source of Apparel has its own line of long and short pants that are sold under the brand name of “NOIZ” and “Beat & Rhythm”. These brands are very popular in both the African American and Hispanic communities and the new product will be sold under those brand names.

Mr. Kabir, CEO of Universal Apparel and Textile Company, states, “we have long been serving this customer with men’s t-shirts. Now we are interested in providing product for some of their other lines since Source of Apparel has a large market share in men’s urban clothing.”

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August 8, 2016

Universal Apparel & Textile Company (DKGR:OTC) Announces New Corporate Address

The new address is 1700 N Farnsworth Ave., Suite 24, Aurora, IL 60505.

Mr. Kabir, CEO of Universal Apparel and Textile Company, states, “we were actively looking for a good location for our corporate office. We are now located in Aurora, IL., right off of Interstate 88 and only 25 miles north west of downtown Chicago. It is close to two major airports, making it easily accessible to our clients.”

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August 5, 2016

Universal Apparel & Textile Company (DKGR:OTC) Receives A Warm Welcome From Numerous New York Fashion District Wholesalers And Distributors.

Mr. Kabir, CEO of Universal Apparel & Textile Company (DKGR:OTC), last week visited several clothing wholesalers and distributors in the Manhattan fashion district such as “Sportswear LLC”, “Super Sportswear of NY”, and “Unique Apparel”. Even though all these companies have their own lines of product which they manufacture in countries such as Bangladesh, China and India, they have expressed a definitive interest in working with Universal Apparel and, as a result, have requested samples for their products.

Mr. Kabir states, “we are very encouraged with our meetings with a number of well established garment companies in Manhattan’s fashion district. This is the place where fashion and new styles are born and subsequently adopted worldwide. Once we are successful in establishing relationships with these companies, our future growth will be exponential.”

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August 2, 2016

Universal Apparel & Textile Company (DKGR:OTC) and BD Impotex LLC Receive A Trial Purchase Order From A Preferred Vendor Of Burlington Stores Inc. (BURL:NYSE)

Universal Apparel & Textile Company (DKGR:OTC) is pleased to announce that it has received a trial order for ladies, two pocket, long sleeve shirts through its joint venture with BD Impotex LLC from a preferred vendor of Burlington Stores Inc. (BURL:NYSE). The product is to be made out of 100% viscose with polka dot and stripes prints. BD Impotex has developed the specific viscose to be used at the request of the vendor in conjunction with Burlington Stores Inc.. The product will be sold only at Burlington Coat Factory stores.

Mr. Kabir, CEO of Universal Apparel and Textile Company states, “We are very excited about receiving this purchase order. These type of projects were envisioned when we entered into a joint venture with BD Impotex. BD Impotex has long been serving chain stores like Burlington Stores Inc (BURL:NYSE) directly and through preferred vendors This is only a trial order for us but once successfully delivered to Burlington Stores Inc., it is expected to lead to additional orders with quarterly volume of approximately 30,000 units with a wholesale value of about $250,000.”

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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