FORT WORTH, Texas--(BUSINESS WIRE)--ADM Endeavors, Inc. (OTCQB: ADMQ) is pleased to announce continued record growth in revenue and profit for the third quarter of year 2021. We have put together a quick summary of the 3 months ended on September 30th for the year 2020 and 2021.
- Our School Uniform Sales are up by 188.8%
- Promotional Sales are up by 13.06%
- Direct Costs of Revenue are up by 105.41%
- Marketing expense up by 31.42%
- Total operating expense up by 24.8%
- Administrative expenses are down by 50.64%
Total Revenue went up by 55.91%
- 3rd Quarter 2019 it was $1,460,506
- 3rd Quarter 2020 it was $1,590,457
- 3rd Quarter 2021 it is $2,479,751
Net Profit is up over 2850.65%
- 3rd Quarter 2019 it was a loss of $26,430
- 3rd Quarter 2020 it was a loss of $20,114
- 3rd Quarter 2021 it is $593,494
ADM Endeavors CEO Marc Johnson said, “I believe this quarter shows investors what we can do. We increased sales and profits substantially and reduced Administrative expenses by 50%. I feel this is very rare when compared to other OTC companies.”
A Quarterly Report on Form 10-Q for 2021 is filed with the U.S. Securities and Exchange Commission for the third quarter 2021 financial results. ADM Endeavors, Inc. SEC filings are available at www.sec.gov.
About ADMQ: Since 2010, our wholly owned subsidiary, Just Right Products, Inc., has been consistently increasing sales, with sales topping $5.1 million in 2020. 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:
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.