Universal Apparel and Textile Company (OTC PINK: DKGR) Completes Its Quarterly Report for the Period Ending March 31st, 2015
By Marketwired News
By Marketwired News
CHICAGO, IL–(Marketwired – May 20, 2015) – Universal Apparel and Textile Company (OTC PINK: DKGR) is pleased to announce that it has completed its quarterly report including financial statements for the period ended March 31st, 2015.
Revenues were $735,676.10 with a net income of $38,180.68 for the quarter which was more than the value of the combined 1st and 2nd quarter revenues in 2014. Mr. Kabir, CEO of Universal Apparel and Textile (OTC PINK: DKGR), commented, “We are very excited about the revenue growth especially since the company still has a substantial backlog of work orders. Every month we are shipping 2 to 3 containers of merchandise from our factories in Bangladesh and we are continuously taking new orders from our existing customers. The revenue growth is expected to continue into the next quarter also.”
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.
Universal Apparel and Textile Company