SOURCE: Drake Gold Resources, Inc.

August 27, 2014 11:33 ET

Universal Apparel Company, a Subsidiary of Drake Gold Resources Inc. (DKGR: OTC), Has Success at MAGIC

LAS VEGAS, NV--(Marketwired - August 27, 2014) - Universal Apparel Company, a Drake Gold Resources Inc. (PINKSHEETS: DKGR) subsidiary, is pleased to announce its representatives have attended a number of seminars this week at MAGIC (www.magiconline.com) in which current trends and styles were discussed for the upcoming spring and summer season. In addition, Universal Apparel Company also had discussions resulting in strong interest from large distributors. Furthermore, representatives from big box stores asked for the development of samples and prototypes of stylish t-shirts and jeans for the upcoming season. Of particular interest, Universal Apparel Company was excited to enter preliminary discussions with a NYSE-listed, blue chip company interested in placing a large purchase order.

According to Mr. Kabir, Director of Drake Gold Resources Inc. (PINKSHEETS: DKGR), "We have established both new contacts and relationships with potential big buyers at the show. MAGIC was a great place to meet and greet industry leaders. Consequently, we have learned what will be in demand with respect to color and style for the coming year. Once we return from the show, our team will start developing new colors and styles for these respective buyers. In men's casual wear it appears the trend is slanted towards 'V neck' t-shirts with lycra incorporated in it. The round neck t-shirts will still be in demand but with limited growth potential. The colors to be in demand will be khaki, royal blue and kelly green. In women's casual wear, t-shirts consisting of 95% cotton with 5% lycra will be in demand due to its increased flexibility. We are completely equipped to meet the requirements of our customers."

Updates will be forthcoming. 

This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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