FORT WORTH, TX, June 07, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Academic Outfitters, the wholly owned subsidiary of ADM Endeavors (OTCQB: ADMQ), is pleased to announce it will be the exclusive provider of school uniforms for four additional schools. Based on the 4,000 combined students, this should generate between $1.2 and $1.5 million in revenue. The average complete uniform set costs $350 and higher if accessories are added.
Academic Outfitters is the premier provider of school uniforms and dress code apparel for schools primarily in Texas. All decorations – patches, embroidery and screen printing are done locally to help make a quick turnaround in inventory or personalized apparel. We sit down with each of our schools to help build a customized school apparel program. With the addition of these four new schools, the company now provides uniforms for 21 different schools and campuses, including private, public and charter schools. To help satisfy demand and increase margins we have launched our own brand of school uniform polos and jackets for the 2023 season. We will expand the line in 2024 to other uniform items. The brand name is Just Right.
While nearly all private schools require some type of uniform, many public schools are beginning to utilize uniforms as well. According to the National Center for Education Statistics, nearly 20% of all public schools have adopted uniform mandates. This total has steadily been increasing since the early 1990s. The North American school uniform market is expected to grow from $3.18 Billion to $4.74 Billion by 2028, a 5.9% CAGR.
“As an established and recognized leader in the school uniform market, our products are in demand. As the company increases capacity later this year, this will be an even faster growing segment of ADM’s business operations,” stated 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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