ADM Endeavors, Inc. [OTCQB: ADMQ] Provides Company Update

Rhea-AI Summary

ADM Endeavors, Inc. (OTCQB: ADMQ) has provided a business update highlighting key developments. The company submitted its 10k filing for final approval, expected to be public this week. Its subsidiary, Just Right Products, secured five new city contracts in Texas and renewed contracts with its largest school uniform customers for three additional years. Additionally, ADM has made a deposit for materials for a new building, locking in costs amid rising material prices. CEO Marc Johnson noted that this facility is crucial for the company's growth.

Positive

• Five new city contracts acquired by Just Right Products in the last 45 days.
• Largest school uniform customers renewed contracts for three more years.
• Deposit made on materials for a new building, locking in prices.

Negative

• None.

FORT WORTH, Texas--(BUSINESS WIRE)-- ADM Endeavors, Inc. (OTCQB: ADMQ) is pleased to provide an update regarding its business and operations.

ADMQ Company update (Graphic: Business Wire)

• 10k has been submitted for the final approval and is expected to be out to the public this week.

• ADM Endeavor’s wholly owned subsidiary Just Right Products added five more new city contracts in the last 45 days. These cities are Laredo, Carrollton, Watauga, Westlake, and Richland Hills.

• Our largest school uniform customers renewed their contract for three more years.

• Made our deposit on the materials for our new building. This will allow the manufacture to start producing the custom components for our building and has locked in our price. Material costs have been a concern and we are very happy to have them locked in.

Marc Johnson, ADM Endeavors CEO, stated, “It’s great to see some progress on our new facility. This facility is the key to faster growth.”

About ADM Endeavors Inc.

ADM Endeavors, through its wholly owned subsidiary, Just Right Products, Inc., is a promotional product distributor and proud member of the Advertising Specialty Institute. 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.

For additional information visit www.admendeavors.com or our subsidiaries,

1. https://www.fwpromo.com/
2. https://fwcustom.com/
3. http://www.justrightproducts.com/
4. https://justrightboots.com/
5. https://247365threads.com/
6. https://fortworth.academicoutfitters.com/
7. https://uscbdlogo.com/
8. Shareholders FB page: https://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/20220314005569/en/

Investor Relations Contact

Andrew Barwicki | andrew@barwicki.com | 516-662-9461

Source: ADM Endeavors, Inc.

FAQ

What recent updates has ADM Endeavors (ADMQ) announced?

ADM Endeavors announced its submission of the 10k for final approval, new city contracts, and material deposits for a new building.

How many new city contracts did Just Right Products secure?

Just Right Products secured five new city contracts in Texas.

What is the status of contracts with ADM's largest school uniform customers?

The contracts with ADM's largest school uniform customers have been renewed for three additional years.

How has ADM Endeavors addressed rising material costs?

ADM Endeavors made a deposit for materials for a new building, effectively locking in prices.

When is ADM's 10k filing expected to be public?

The 10k filing is expected to be public this week.