NEWS OUT:
ADM Endeavors, Inc. (ADMQ) Announces Increased Sales Comparing May 2020 to May 2019 9:00 am ET June 23, 2020 (Globe Newswire) Print
via NEWMEDIAWIRE -- ADM Endeavors, Inc. (OTCQB: ADMQ) Board of Directors and CEO Marc Johnson are pleased to report a 10% increase in year to year May 2020 compared to May 2019 sales.
ADM Endeavors Revenue for May 2020 increased by approximately 10.3% compared to May 2019 (May 2020 has not been audited or reviewed and has been provided by management). "We feel this is a very good indicator as revenue increased even with the downturn of school uniform sales due to the nationwide school closures," Mr. Johnson said.
The Company's CEO continued: "Our Uniform Division School sales were a significant revenue contributor in May 2019. We believe this downturn in May 2020 in uniform sales is possibly due to parents waiting until they have more definitive information as to when their schools will reopen."
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 over $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 added: "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."
