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This content is a press release from our partner Globe Newswire. The AP newsroom and editorial departments were not involved in its creation.
PRESS RELEASE from provider: Globe Newswire
This content is a press release from our partner Globe Newswire. The AP newsroom and editorial departments were not involved in its creation.

Universal Apparel & Textile Company (DKGR: OTC) Teams Up With Ray Leonard Junior, Son of Boxing Legend, Sugar Ray Leonard

March 11, 2019

Chicago, IL, March 11, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Universal Apparel & Textile Company (DKGR: OTC) is pleased to announce that Ray Leonard Junior, the son of five time world boxing champion and gold medalist, Sugar Ray Leonard, will team up with Universal Apparel and Textile Inc. (DKGR: OTC) to manufacture an apparel line for his world tour for the benefit of US troops. The exact specifications will be formalized in a joint venture agreement to be signed in the next few weeks.

Ray Junior is like his father in so many ways. He loves giving back to his country by touring the world to help the US troops deal with destructive behavior, domestic violence, suicide, substance abuse and sexual assault, utilizing motivational speaking on how to overcome the obstacles that life throws.

Since Ray Junior was a boy, giving back to his community and paying it forward has always been his motivation. The tour takes him to military bases, domestic and abroad. Now with his new apparel line, he can show his appreciation to the troops wherever he goes.

The name of Ray Leonard’s brand is forthcoming and should be available by the Fall of 2019.

Mr. Kabir, CEO of Universal Apparel & Textile Company (DKGR: OTC), states, “It is a pleasure to work alongside such talent as Ray Leonard. I am his father’s biggest fan and now his due to his generosity and heart of gold.”

Ray Leonard Junior states, “I look forward to working with Mr. Kabir and Universal Apparel. Their quality craftsmanship and attention to detail is extremely well known.”

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.

M Kabir 630-640-3955 ir@universalapparelusa.com