Universal Apparel and Textile Co. (DKGR)

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Over a year now, DKGR has not become a reporting company under the Securities Exchange Act of 1934 per a PR they released last year

Drake Gold Resources, Inc. Corporate Update
7/20/06
Drake Gold Resources, Inc. (PINKSHEETS: DKGR) is pleased to provide a corporate update.
The Company intends to apply for quotation of its stock on the Over-the-Counter Bulletin Board (“OTCBB”). In order to do so, the Company will need to file a registration statement to become a reporting company under the Securities Exchange Act of 1934. The Company is in the process of preparing the necessary documents. The Company will be required to file audited financial statements and is presently meeting with prospective accounting and auditing firms. It expects to select an accounting firm and an auditing firm within the next two weeks and to immediately begin preparation of audited financial statements. The Company intends to make further public announcements to keep investors informed of developments.
Management has conducted a review of the Company’s various pending projects and determined that it would be in the best interests of the Company to cancel its diamond recovery plans, which were intended to include opening an office in Saskatchewan, entry into the lottery of potential projects in the Fort a la Corne region, and engaging Mr. Melvin O’Neil as a consultant with respect to such operations. Instead, the Company will focus its efforts on other pending projects and acquisitions, including gold and other precious metals recovery, the exploration and development of oil and gas deposits including re-completions, and oil well services, in particular the Jackpot placer gold claim and the Pegasus Oil Well Services project.
As announced on March 29th, 2006, Drake Gold Resources, Inc. is planning to spin off all specialty assets used under the Company’s previous business model. Discussions are still continuing with a company interested in purchasing these assets and they will update shareholders as soon as developments occur.
http://findarticles.com/p/articles/mi_pwwi/is_200607/ai_n16631135