ADM Endeavors, Inc. (OTCQB: ADMQ) Announces Three New Government Contracts

Rhea-AI Summary

ADM Endeavors, Inc. (OTCQB: ADMQ) has secured new contracts with the City of Everman, City of Watauga, and the Town of Addison. The contracts, managed through their subsidiary Just Right Products Inc., will enhance government service orders, contributing to expected revenue stability and growth. CEO Marc Johnson noted that while government contracts may have lower margins, they align with strategic growth plans, bolstering purchasing power and production capabilities. The company reported sales of $6.44 million over the past year, with an aim to expand retail operations once a new facility is completed.

Positive

• Secured contracts with three cities, enhancing revenue stability.
• Reported sales of $6.44 million in the last 12 months.
• New contracts will improve purchasing power and overall operational efficiency.

Negative

• Government contracts are described as lower margin, potentially limiting profit per sale.

FORT WORTH, Texas--(BUSINESS WIRE)-- ADM Endeavors, Inc. (OTCQB: ADMQ), announces new contracts with the City of Everman, the City of Watauga, and the Town of Addison. All three entities have already placed their opening orders and will continue placing orders on an as needed basis. The contracts were acquired though ADM Endeavors’ wholly owned subsidiary Just Right Products Inc. Just Right Products will continue to focus on government bids and contract. We feel it is a logical diversification to our private corporate core customers.

ADMQ new contracts (Photo: Business Wire)

1. The City of Everman: http://www.evermantx.us/
2. The City of Watauga: https://www.cowtx.org/
3. The Town of Addison: https://addisontexas.net/

ADM Endeavors' CEO Marc Johnson said, “Government contracts are lower margin but fit into our growth plans perfectly. They are stable, predictable and financially secure. The specific uniform sourcing needed to fulfill these contracts will allow us to service our corporate customers better and create a higher margin on non-government sales. This is due to better purchasing power and opening more manufacture direct sourcing. The second financial benefit will be seen once the new facility is built. It will have a retail work ware component. Retail is our highest margin unit. The inventory needed for new uniform retail store will be used by all three segments.”

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/20211214005433/en/

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

Marc Johnson | CEO | 817.231.8040

Source: ADM Endeavors, Inc.

FAQ

What new contracts did ADMQ secure in 2023?

ADM Endeavors secured contracts with the City of Everman, City of Watauga, and the Town of Addison.

How much revenue did ADMQ report for the last year?

ADM Endeavors reported sales of $6.44 million over the last 12 months.

How do the new contracts affect ADMQ's business strategy?

The new contracts are expected to enhance revenue stability and align with ADMQ's growth strategy.

What is the expected impact of the new facility on ADMQ's operations?

The new facility will support retail operations, which are expected to have higher margins.

What is the stock symbol for ADM Endeavors?

The stock symbol for ADM Endeavors is ADMQ.