FORT WORTH, Texas--(BUSINESS WIRE)--ADM Endeavors, Inc. (OTCQB: ADMQ), announced the completion of the purchase of its property located at 123 Ector. A 5 year lease has been signed. Rent from the tenant is $2,260 per month and the monthly payment to the CapTex Bank is $1,094.26.
ADMQ also announces that the 1900 E. Loop 820 7.63 acre tract of land which will be the future new home of ADM Endeavors and its wholly owned subsidiary Just Right Products Inc. is finally moving forward with the city of Fort Worth. The planned development plat is complete and just waiting on final sign off from the city. The Zoning Commission hearing is set for September 9th. The site plan for this plat includes a 70,000 square foot commercial building. The plat also will include three A-5 single residential lots and 7 town homes. The town homes will be owned by Just Right Products and leased to employees.
Just Right Products Inc. plans to start development of the adjacent 10.4 acre tract also located on 820 in late 2022. The initial plans are another planned development focused on single family homes and town homes.
ADM Endeavors CEO Marc Johnson said, “real estate development is not our core focus, but it is a great way to increase positive cash flow and create depreciable assets to help offset taxes. We will continue to look at real estate as a way to increase assets and generate positive cash flow. I am always open to look at any opportunity that can benefit the company and its shareholders.”
About ADMQ: Since 2010, our wholly owned subsidiary, Just Right Products, Inc., has been consistently increasing sales, with sales topping $5.6 million over the last 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.
Forward Looking Statement:
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