ADM Endeavors, Inc. (OTCQB:ADMQ) Announces Strong 2020 Revenues Leading to Stronger 2021

Rhea-AI Summary

ADM Endeavors (OTCQB: ADMQ) reported a 31.8% revenue increase for 2020, totaling $5.038 million compared to $3.821 million in 2019. Despite a downturn in school uniform sales, which fell from $1.1 million in 2019 to $626,218 in 2020, the company experienced a 37% rise in the first quarter of 2021. Promotional sales surged to $4.41 million, up from $2.68 million in the previous year. CEO Marc Johnson expressed optimism about future growth, projecting a sales increase of over 30% in Q1 2021 compared to Q1 2020. ADMQ's subsidiary, Just Right Products, also contributed significantly to these results.

Positive

• 2020 revenue increased by 31.8% to $5.038 million.
• Promotional sales rose to $4.41 million from $2.68 million in 2019.
• First quarter 2021 sales for school uniforms up by 37% (unaudited).
• Projected sales growth of over 30% for Q1 2021 compared to Q1 2020.

Negative

• School uniform sales decreased significantly from $1.1 million in 2019 to $626,218 in 2020.
• Increased production costs due to COVID-19 adaptations.

FORT WORTH, TX, April 13, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- ADM Endeavors, Inc. (OTCQB: ADMQ) is pleased to announce that its revenues for 2020 topped $5.038 million, a 31.8 percent increase compared to revenues of $3.821 million in 2019.

“We did this despite COVID-19, which decimated so many retail businesses last year,” said CEO Marc Johnson.  “I am so pleased with the team effort that accomplished this.

“We saw a significant decrease in school uniform business in 2020, from $1.1 million in 2019 to $626,218 in 2020.  But we are pleased that our school uniform segment sales were up 37 percent (unaudited) in the first quarter of 2021, the beginning of an anticipated rebound.

“Promotional sales increased to $4.41 million in 2020, up from $2.68 million in 2019.  The cost of production did increase to adapt for COVID-19 issues.”

Mr. Johnson stressed: “We anticipate first quarter sales to increase by more than 30 percent (unaudited) compared to the same quarter in 2020.  We are very bullish, for our Company and our shareholders, about our future.

“Investors in the OTC market buy stocks with no revenue, no profitability, no products, just an idea.  We have years of verifiable revenues growth, strong inside ownership, and thousands of incredible products,” Mr. Johnson concluded.

About ADMQ: Since 2010, our wholly owned subsidiary, Just Right Products, Inc., has been consistently increasing sales, with sales topping $5.1 million in 2020. 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
• 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.

Contact: ADM Endeavors, Inc. | 817.840.6271

Paul Knopick | pknopick@eandecommunications.com| 940.262.3584

Attachment

• ADMQ-OTCQB

FAQ

What was ADM Endeavors' revenue for 2020?

ADM Endeavors reported revenues of $5.038 million for 2020, a 31.8% increase from 2019.

How much did school uniform sales decline in 2020 for ADMQ?

School uniform sales for ADMQ declined from $1.1 million in 2019 to $626,218 in 2020.

What is the projection for ADMQ's sales in Q1 2021?

ADMQ projects a sales increase of over 30% in Q1 2021 compared to Q1 2020.

How did promotional sales perform for ADM Endeavors in 2020?

Promotional sales for ADM Endeavors increased to $4.41 million in 2020, up from $2.68 million in 2019.