ADM Endeavors, Inc. Provides Company Update

Rhea-AI Summary

ADM Endeavors (OTCQB: ADMQ) has announced significant updates regarding its business operations. The company is expanding its product offerings and has secured new government contracts, establishing a growth-oriented presence in the market. A new facility, sized between 80,000 to 100,000 square feet, is under construction, with drilling completed and soil evaluations underway. As of January 1, 2022, ADM has increased its workforce to 34 employees. Despite ongoing challenges from COVID-19, the company reports record revenues and a strong balance sheet.

Positive

• Secured new government contracts, enhancing growth opportunities.
• Construction of a new facility to support expansion plans.
• Increased workforce from 31 to 34 employees, indicating growth.
• Reported record revenues and profitability amidst COVID-19 challenges.

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 (Photo: Business Wire).

• Recent announcements, including but not limited to New Government Contracts, expansion of products, combined with our brick and mortar and various websites has established the company as a growth-oriented company with unprecedented opportunities within the marketplace. ADM Endeavors is committed to increase its position in its respective market segments, broaden the pipeline for products, and enhance the marketing and distribution network to fully capitalize on the commercial potential.
• To support the growth, the company previously announced the construction of a new facility that will be 80,000 to 100,000 square feet. As of December 2021, the drilling has been completed and soil samples will be evaluated for engineers to consider and finalize the details for the foundation and parking lot.
• As of January 1, 2022, the company has 34 employees, compared to 31 on January 1st last year.
• FW Promo website (www.fwpromo.com) was recently launched with a new modern look and user friendly navigation.
• Although the impact of COVID-19 continues to pose challenges for our supply chain, we have achieved record revenues and profitability, as reported in our most recent 10Q’s and 10K’s. We believe that our focus on liquidity over the past several years has allowed us to build a sustainable position to navigate the current COVID-19 environment.

Marc Johnson, ADM Endeavors CEO stated, “I am very proud of and would like to congratulate our entire organization for always putting safety first throughout the pandemic. The entire team has shown real dedication during the pandemic by quickly and effectively implementing new protocols to promote the safety and welfare of our employees and the communities in which we serve. As we continue to grow the business we are working with our suppliers, distributors and manufacturers to ensure we provide the best products at a price point that will be well-received by our current and prospective customers.”

“During these unprecedented times, our priority has been to safeguard the health and safety of our employees while working closely with our customers that required delivery of products. The global COVID-19 pandemic has caused challenges throughout industry, from manufacturing to logistics, but we believe we remain financially healthy with our strong balance sheet and inventory levels that we believe will allow us to serve our customers and fulfill all orders as the pandemic subsides and the economy begins to pick up,” concluded Mr. Johnson

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

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/20220105005808/en/

Investor Relations Contact

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

Source: ADM Endeavors, Inc.

FAQ

What recent updates has ADM Endeavors (ADMQ) provided?

ADM Endeavors announced new government contracts, facility construction, and record revenues.

How many employees does ADM Endeavors (ADMQ) currently have?

As of January 1, 2022, ADM Endeavors has 34 employees.

What is the size of the new facility being constructed by ADM Endeavors (ADMQ)?

The new facility being constructed will be 80,000 to 100,000 square feet.

How has COVID-19 impacted ADM Endeavors (ADMQ)?

Despite COVID-19 challenges, ADM Endeavors reports record revenues and a strong financial position.