Drake has an interest in Parker Technologies that owns a patent pending Heavy Oil Gas Extraction Technology (“HOGE”). This technology is relatively inexpensive and with no foreseeable environmental impact. HOGE is designed to extract heavy oil from formations such as tar/oil sands with a calculated recovery of 90% or more. The process mechanically injects hot natural gas delivered deep into the formation by a proprietary tool that liquifies the heavy tar oil and then extracts it to heated storage tanks on the surface. The heavy oil formation is injected until a sufficient amount of recoverable heavy oil is heated to 300 degrees F, then oil & gas are produced until production temperatures drop below 200 degrees F. Upon completion, the injection cycle is started again. HOGE has the capability of producing over 200 bbls per day but our projections are based on a conservative 50 bbls a day.
Drake shall receive $100,000 worth of Parker stock at a 20% discount to market one month after Parker goes public. In addition, Drake shall receive the amount of $45K once production begins on Parker's acquired lease(s).
Drake Gold Resources Inc. is the holding company of Universal Apparel Company, an Illinois domiciled corporation.
UNIVERSAL Apparel is a vertical marketer, manufacturer, and distributor of high quality branded and private label active wear apparel. It specializes in the selling of a variety of casual and athletic wear tops and bottoms, embellished and unembellished T-shirts, and fleece products for the rapidly changing apparel market. It focuses on the broad distribution of apparel products to specialty and boutique stores, high-end and mid-tier retail stores, sporting goods stores, screen printers, and private label accounts to name but a few. More recently, certain products are sold in college bookstores and to the hospitality industry.
UNIVERSAL Apparel Company is committed to providing superior apparel and textile products to the North American and European consumers with both a strategic price advantage and with delivery times unmatched by any competitors . It is equally committed to always exceeding customer expectations.
UNIVERSAL Apparel Company is successful and growing rapidly, because it can custom manufacture for mass merchandisers, wholesalers, and can produce consumer brands. UNIVERSAL can now produce the volume needed to sell to major warehouse club stores in the U.S. Since UNIVERSAL does not use middlemen, it deals directly with its markets allowing it to increase its margins. Many of the materials are imported quota free into the U.S. These advantages are combined with a strong, experienced management team, excellent profit margins leading to sales growth year over year.
Universal Apparel's Factories that are contracted employ approximately 3,500 full time employees located mainly in Bangladesh but include India and China. It has invested significant time and resources in ensuring that the working conditions in all of those facilities meet or exceed the standards imposed by the governing laws. Due to its clout, it also obligates third party manufacturing contractors to follow these stringent employment policies.
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