ADM Endeavors, Inc. (OTCQB: ADMQ) Announces Retirement of 40,915,000 Common Shares Over the Next 6 Months, Representing Just Over 25% of Current Outstanding Shares

Rhea-AI Summary

ADM Endeavors, Inc. (OTCQB: ADMQ) CEO Marc Johnson announced plans to retire 40,915,000 shares over the next 6 months, starting with 10 million by December 10, 2021. This initiative aims to increase shareholder value by reducing dilution typically associated with acquisitions. Johnson emphasized that having shares available may facilitate future business growth as they prepare a new facility. The company, through its subsidiary Just Right Products, reported sales exceeding $6.44 million over the past year, specializing in customized promotional products.

Positive

• CEO Marc Johnson to retire 40,915,000 shares, starting with 10 million by December 10, 2021, enhancing shareholder value.
• Retiring shares will limit shareholder dilution during future acquisitions and support business growth.
• Just Right Products, Inc., a subsidiary, reported annual sales of over $6.44 million, showcasing strong business performance.

Negative

• None.

FORT WORTH, Texas--(BUSINESS WIRE)-- ADM Endeavors, Inc. (OTCQB: ADMQ) CEO Marc Johnson has committed to retire 40,915,000 million of his own shares over the next 6 months. He will retire the first 10 million by December 10^th 2021. This process will increase shareholder value. It will also free up shares for future acquisitions and limit shareholder dilution normally created when an acquisition occurs.

ADMQ Shares (Photo: Business Wire)

ADM Endeavors CEO Marc Johnson said, “I want to start the process now before our new facility is ready. We will have to grow our business to take full advantage of what we are building and having these shares available to the company will give us more options to complete the task. I truly feel these measures will increase shareholder valuation and also reduce dilution risk to shareholders.”

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/20211201005662/en/

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

Marc Johnson | CEO | 817.231.8040

Source: ADM Endeavors, Inc.

FAQ

What shares will ADMQ retire and when?

ADMQ will retire 40,915,000 shares over the next 6 months, with the first 10 million retired by December 10, 2021.

How will the retirement of shares affect ADMQ shareholders?

The retirement of shares is expected to enhance shareholder value and reduce dilution typically caused by acquisitions.

What were the annual sales reported by Just Right Products, a subsidiary of ADMQ?

Just Right Products reported annual sales exceeding $6.44 million.

Who is the CEO of ADMQ and what did he say about the share retirement?

The CEO of ADMQ is Marc Johnson, who stated that retiring shares will provide more options for business growth and increase shareholder valuation.