Fort Worth, Texas, Aug. 07, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — ADM Endeavors, Inc. (OTCQB: ADMQ) is pleased to announce that its wholly owned subsidiary, Just Right Products, Inc., has entered into a commercial construction agreement with Sullins Construction Corp. of Fort Worth, Texas, to build the Company’s new 70,000 square foot production facility located in Fort Worth.
Marc Johnson, CEO of ADM Endeavors, stated that the construction will commence in early fall 2020, dependent on the City of Fort Worth permitting timelines. Cost of the Company’s expansion from a current operational space of 18,000 square-foot to a new 70,000 square-foot production facility is estimated at $5 million and is projected to be completed in the first quarter of 2021.
Just Right Products has been consistently profitable since its formation in 2010, with sales topping $3.8 million in 2019, with a net profit of more than $0.27 million. The Company sells “Anything With A Logo” on its website, JustRightProducts.com, developing products ranging from unique business cards to coffee cups with tens of thousands of other unique products for customers to select from. To meet its customer needs, Just Right Products has implemented state of the art in house production that is supplemented with factory direct international sourcing. Just Right Products has maximized its work area by offering on site traditional brick and mortar retail within its manufacturing facility. This allows the most efficient use of labor with all employees cross trained for retail and production work.
Mr. Johnson stressed: “We are striving to achieve the optimum share price that reflects the fundamental value of the Company, provide financial information to investors, both retail and institutional, in a timely and accurate way, observe the rules of the SEC through non-aggressive awareness promotions and build receptive capital markets for future financing at favorable terms.”