ADM Endeavors, Inc. [OTCQB: ADMQ] Provides Company Update
Fort Worth, TX -- March 17th --
InvestorsHub NewsWire -- ADM Endeavors, Inc.
(OTCQB: ADMQ) today announced financial results for the
fiscal year ended December 31, 2021.
Marc Johnson, Chief Executive Officer
of ADM Endeavors, stated, "I want to emphasize our view of the
Company's importance to the communities where we have a presence
and of our ongoing focus on keeping our employees safe while
supporting customers during the pandemic. Part of our business is
to supply schools and while every part of our operations is
important, the entire team at ADM takes great pride ensuring
students got what they need when they needed it from us during a
very challenging year in schools. Throughout 2021, we expanded our
business model while operating in the challenges posed by the
COVID-19 pandemic and knowing we played a role in supplying schools
is an honor and obligation we take very seriously."
Key Financial
Highlights:
-
Revenues for the
year ended December 31, 2021, increased 30% to $6.5 million, as
compared to $5 million in the fiscal year for 2020.
-
Net Income was
$737 thousand in 2021, as compared to a loss of $23 thousand in
2020.
"We continue to see good momentum in
our business as customers are looking to modernize their
organizations for quickness and choices. With the diversity of our
portfolio and line of products, we are well positioned to help our
customers in all their needs," continued Mr. Johnson. "As we
continue our growth and expansion, we have several initiatives in
place that we believe will support our long-term plans, including
building a new headquarters with warehouse that will be 80,000 -
100,000 square feet. We believe strategic acquisitions can be part
of our plan, including but not limited to acquiring a sign shop
allowing us to bring production in house and increase margins and
customer base."
"We finished 2021 with a strong balance
sheet to support our business plan moving forward and the
investments we made over the last year, including having a good
amount of inventory allows us to better serve our customers with
product availability and quick service. We will continue to focus
on our sales channels, including our commitment to meeting
customers' needs while expanding our customer base in the private
and public sectors," concluded Mr. Johnson.
About ADMQ
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,
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https://www.fwpromo.com/
-
https://fwcustom.com/
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http://www.justrightproducts.com/
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https://justrightboots.com/
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https://247365threads.com/
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https://fortworth.academicoutfitters.com/
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https://uscbdlogo.com/
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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.
Investor Relations
Contact
Andrew Barwicki | andrew@barwicki.com |
516-662-9461
