ADM Endeavors, Inc. (OTCQB: ADMQ) Announces 3rd Consecutive Renewal for Our Largest Government Contract

Rhea-AI Summary

ADM Endeavors, Inc. (OTCQB: ADMQ) has secured a one-year renewal of its work uniform contract with the Tarrant County Purchasing Department, effective until July 23, 2023. This contract is pivotal for the company's government sales growth, enabling participation from other municipalities. The firm, through its subsidiary Just Right Products, reported over $6.44 million in sales for the last 12 months, showcasing its diverse offerings from uniforms to promotional products.

Positive

• Renewal of a significant government contract for one additional year enhances growth prospects.
• Last reported sales exceeded $6.44 million, indicating strong business performance.

Negative

• None.

FORT WORTH, Texas--(BUSINESS WIRE)-- ADM Endeavors, Inc. (OTCQB: ADMQ) announces Tarrant County Purchasing Department has renewed their work uniform contract for an additional year. RFB No. 2020-134 will now be in effect until July 23, 2023. This contract has been the cornerstone for our government sales growth. The tag on provision in this RFP has allowed other municipalities to participate within this bids parameters.

Tarrant County Contract with ADMQ (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.fwpromo.com
• https://fortworth.academicoutfitters.com/
• www.facebook.com/groups/admqshareholders

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/20220510005668/en/

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

Investor Relations:

Andrew Barwicki | andrew@barwicki.com | 516.662.9461

Source: ADM Endeavors, Inc.

FAQ

What is the significance of the renewal of the Tarrant County contract for ADMQ?

The renewal of the Tarrant County contract is crucial for ADMQ as it bolsters government sales and allows other municipalities to participate.

How much sales did ADMQ report in the last 12 months?

ADMQ reported sales exceeding $6.44 million for the last 12 months.

When does the renewed contract with Tarrant County expire?

The renewed contract with Tarrant County will be in effect until July 23, 2023.

What does ADMQ specialize in?

ADMQ specializes in selling a variety of products, including uniforms and promotional items, via its subsidiary Just Right Products.

What is the stock symbol for ADM Endeavors?

The stock symbol for ADM Endeavors is ADMQ.