ADM Endeavors, Inc. (OTCQB: ADMQ) Announces 10,000,000 shares of Common Stock of ADMQ Were Retired on 12/06/21

Rhea-AI Summary

ADM Endeavors, Inc. (OTCQB: ADMQ) announced CEO Marc Johnson's commitment to reduce common shares by 25% over six months by retiring 40,915,000 personal shares. The first step occurred on 12/06/21, with 10,000,000 shares retired. The company has reported sales of over $6.44 million in the last 12 months, with its subsidiary, Just Right Products, Inc. offering a wide range of customizable products. ADMQ plans to keep the public informed during the share reduction process.

Positive

• CEO Marc Johnson is retiring 40,915,000 personal shares, indicating a commitment to reduce dilution.
• Last reported sales topped $6.44 million, demonstrating solid revenue growth.

Negative

• None.

FORT WORTH, Texas--(BUSINESS WIRE)-- ADM Endeavors, Inc. (OTCQB: ADMQ) CEO Marc Johnson pledged to reduce the number of common shares in ADMQ by 25% over the next 6 months. He will accomplish this by retiring 40,915,000 of his personal common stock in ADMQ. The CEO’s first steps to accomplish this goal were taken on 12/06/21 by retiring 10,000,000 of his shares. We will continue to keep the public informed throughout this share reduction process.

ADMQ Shares (Photo: Business Wire)

About ADMQ: Since 2010, our wholly owned subsidiary, Just Right Products, Inc., has been consistently increasing sales, with sales topping $6.44 million for the last reported 12 months. The Company sells “Anything With A Logo” on its website, www.JustRightProducts.com, developing products ranging from unique business cards to coffee cups, T-shirts to boots, with tens of thousands of other unique products from which to select. Just Right Products, Inc. operates a diverse vertical integrated business in the Dallas/Fort Worth area, consisting of a retail sales division, screen print production, embroidery production, digital production, import wholesale sourcing, and uniforms.

• www.admendeavors.com
• www.fwpromo.com
• www.justrightproducts.com
• https://uscbdlogo.com
• https://247365threads.com/
• www.facebook.com/groups/admqshareholders
• https://fortworth.academicoutfitters.com/

Forward Looking Statement:

This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Any statements that are not historical facts contained in this press release are "forward-looking statements" that involve a number of risks and uncertainties and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Words such as “strategy,” “expects,” “continues,” “plans,” “anticipates,” “believes,” “would,” “will,” “estimates,” “intends,” “projects,” “goals,” “targets” and other words of similar meaning are intended to identify forward-looking statements but are not the exclusive means of identifying these statements. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of global economic conditions or economic conditions with respect to the retail industry, the COVID-19 pandemic, the performance of management, actions of government regulators, vendors, and suppliers, our cash flows and ability to obtain financing, competition, general economic conditions and other factors that are detailed in our filings with the Securities and Exchange Commission. We intend that all forward-looking statements be subject to the safe-harbor provisions. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211207005366/en/

ADM Endeavors, Inc. | info@admendeavors.com | 817.840.6271

Marc Johnson | CEO | 817.231.8040

Source: ADM Endeavors, Inc.

FAQ

What is ADMQ's recent share reduction plan?

ADMQ's CEO plans to reduce common shares by 25% over six months by retiring 40,915,000 personal shares.

When did ADMQ start retiring shares?

The share retirement process began on 12/06/21, with 10,000,000 shares retired initially.

How much revenue did ADMQ report for the last 12 months?

ADMQ reported sales of over $6.44 million in the last 12 months.

What products does Just Right Products, Inc. offer?

Just Right Products, Inc. offers a variety of customizable products, including T-shirts, mugs, and business cards.