Universal Apparel and Textile Co. (DKGR)

[TradeForProfits]

DKGR Management Forum: Corporate Accounting Update

http://www.drakegold.com/default.asp?Page=InvestorInfo_CEOCorner

Today we were able to make great strides toward becoming a fully transparent and compliant company. As mentioned in previous updates both in press releases and management forums we have detailed our plan to eventually list OTCBB. Discussions today between company management and a Pink Sheets LLC (www.Pinksheets.com) representative, Chris Grant has set in motion the steps needed to bring us up to date over the course of the next month. We now have a complete overview of all Pinksheet guidelines that will restore our quote on their website. This will help us move up the ladder to becoming a "current information provider," as defined by Pinksheets LLC on their website (http://www.pinksheets.com/pink/otcguide/categories.jsp.)

"In addition to initiating dialog with their representative and getting a complete review, we have also completed phase one by bringing all corporate details current including minutes and accounting ledgers. We know we're on a sound footing, now the marketplace will too," according to CFO Thomas Conar. The next step is to submit the Pinksheet Disclosure Statement and all of our financials, which will bring us up to date with the quotation service. At this point we will meet the requirements for listing PrimeQX, which is our preliminary step toward listing on the NASDAQ's OTCBB. Updates will be made as these steps are completed. We also anticipate the release of a number of exciting developments regarding current and new projects as they meet the conditions as laid out in the company's executive mining summary.