Stran & Company Secures Multiple Six-Figure, Multi-Year Agreements with Large National and Global Organizations
June 04 2024 - 9:00AM
Stran & Company, Inc. ("Stran" or the "Company")
(NASDAQ: SWAG; SWAGW), a leading outsourced marketing solutions
provider that leverages its promotional products and loyalty
incentive expertise, today announced that it has secured six-figure
agreements with two industry-leading customers.
First, Stran signed an agreement with one of the
world's largest manufacturers of recreational watercrafts, which
selected Stran to manage its promotional marketing based in part on
its cost-effective solutions and strong track record. Additionally,
Stran’s technology infrastructure and ability to quickly deploy a
customer landing page to further promote their business were
important factors in Stran’s selection.
Second, Stran was selected by a leading pet
supply retailer with over two hundred stores around the U.S. as its
promotional products manager. Stran’s technology, in-house
decoration, and scalable warehousing capabilities were key to
Stran’s selection by this customer. This customer also acknowledged
the importance of Stran’s creative abilities, wireframe, and site
mockups in the selection, as well as Stran’s professionalism and
comprehensive offerings.
Andy Shape, President and CEO of Stran, stated,
“We continue to witness strong contract momentum in 2024, evidenced
by these significant agreements, and are pleased that each of these
customers chose Stran to manage their promotional marketing program
with a goal of increasing their market awareness and customer
loyalty. Moreover, our goal is to subsequently expand upon these
relationships as we demonstrate our capabilities and value, as we
have done repeatedly with other customers. Overall, we are gaining
significant sales traction and anticipate these new customers will
aid in driving our continued strong organic revenue growth over the
long-term.”
About StranFor over 29 years, Stran has grown
to become a leader in the promotional products industry,
specializing in complex marketing programs to help recognize the
value of promotional products, branded merchandise, and loyalty
incentive programs as a tool to drive awareness, build brands and
impact sales. Stran is the chosen promotional programs manager of
many Fortune 500 companies, across a variety of industries, to
execute their promotional marketing, loyalty and incentive,
sponsorship activation, recruitment, retention, and wellness
campaigns. Stran provides world-class customer service and utilizes
cutting-edge technology, including efficient ordering and logistics
technology to provide order processing, warehousing and fulfillment
functions. The Company’s mission is to develop long-term
relationships with its clients, enabling them to connect with both
their customers and employees in order to build lasting brand
loyalty. Additional information about the Company is available at:
www.stran.com.
Forward Looking StatementsThis press release
contains “forward-looking statements” that are subject to
substantial risks and uncertainties. All statements, other than
statements of historical fact, contained in this press release are
forward-looking statements. Forward-looking statements contained in
this press release may be identified by the use of words such as
“anticipate,” “believe,” “contemplate,” “could,” “estimate,”
“expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,”
“predict,” “project,” “target,” “aim,” “should,” "will” “would,” or
the negative of these words or other similar expressions, although
not all forward-looking statements contain these words.
Forward-looking statements are based on the Company’s current
expectations and are subject to inherent uncertainties, risks and
assumptions that are difficult to predict. Further, certain
forward-looking statements are based on assumptions as to future
events that may not prove to be accurate. These risks and
uncertainties include those which are described more fully in the
section titled “Risk Factors” in the Company’s periodic reports
which are filed with the Securities and Exchange Commission.
Forward-looking statements contained in this announcement are made
as of this date, and the Company undertakes no duty to update such
information except as required under applicable law.
Investor Relations Contact:Crescendo
Communications, LLCTel: (212) 671-1021SWAG@crescendo-ir.com
Press Contact:Howie
Turkenkopfpress@stran.com
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