Portland, OR / ACCESSWIRE / October 16, 2014 / Universal Apparel Company, a Drake Gold Resources Inc. (DKGR:OTC) subsidiary, is pleased to announce that it has begun the process of applying for a name and subsequent ticker change with Finra. This will align the current activities and primary focus of Drake Gold Resources Inc. which is on the textile industry with its subsidiary, Universal Apparel Company.

Mr. Kabir, director of Drake Gold Resources Inc. (DKGR:OTC), states the following, "as we move Drake into a new direction , we want to set out both the company's goals and focus. From this point onward, Drake will no longer be concentrating on the resource sector. However, our existing interests in Eagle Oil Holding Company Inc. (EGOH:OTC) and Parker Technologies will remain as an asset. Drake is now an apparel and textile company."