ADM Endeavors, Inc. (OTCQB:ADMQ): Announces Building Updates
ADM Endeavors, Inc. (OTCQB: ADMQ) has completed the purchase of its property at 123 Ector, Forth Worth, and signed a five-year lease generating $2,260 monthly rent. The company's loan payment to CapTex Bank is $1,094.26/month. Additionally, a 7.63 acre tract for a new development is moving forward, awaiting city approval, with plans for a 70,000 sq ft building and residential lots. Just Right Products Inc., ADM's subsidiary, is set to start development on an adjacent tract in late 2022. CEO Marc Johnson emphasized that real estate development can boost cash flow and create depreciable assets.
- Successful acquisition of property at 123 Ector, generating $2,260/month in rent.
- Development of a new 7.63 acre site, awaiting city approval, with plans for a 70,000 sq ft commercial building.
- Potential increase in positive cash flow through real estate ventures.
- None.
ADMQ Announces Building Updates (Photo: Business Wire)
ADMQ also announces that the
About ADMQ: Since 2010, our wholly owned subsidiary,
- www.admendeavors.com
- www.fwpromo.com
- www.justrightproducts.com
- www.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
View source version on businesswire.com: https://www.businesswire.com/news/home/20210831005273/en/
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FAQ
What recent property acquisition did ADM Endeavors announce?
What monthly rent does ADM Endeavors receive from the property leased?
When is the Zoning Commission hearing for the new development?
What are the plans for the new 7.63 acres of land acquired by ADM Endeavors?