Just Right Products, the wholly owned subsidiary of ADMQ, is pleased to announce a completed asset purchase from Innovative Impressions
FORT WORTH, TX, May 09, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Just Right Products, the wholly owned subsidiary of ADM Endeavors (OTCQB: ADMQ), is pleased to announce a completed asset purchase from Innovative Impressions of Fort Worth, Texas on May 1, 2023. The purchase includes eighty-five heads of embroidery, inventory, and customers. The asset purchase should bring new sales of $1 - 1.5 million directly related to this purchase over the next 12 months.
We also engaged Fred Breese, the owner of Innovative Impressions, to a two-year consulting agreement with a commission component to ensure there is a smooth transition for our newly acquired customer base. More details can be found on our 8K filing.
“This asset purchase is a significant milestone. The new assets and increased customer base will help accelerate our growth in the coming years. The completion of the addition of this accretive asset enhances and expands our business,” commented Marc Johnson, Chief Executive Officer of ADM Endeavors.
About ADMQ:
Since 2010, our wholly owned subsidiary, Just Right Products, Inc., has been consistently increasing sales, with sales topping $5.62 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.
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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.
Contacts
ADM Endeavors, Inc. | 817.840.6271 | info@admendeavors.com
Brokers and Analysts:
Chesapeake Group | 410-825-3930 | info@chesapeakegp.com
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