Stran & Company Secures Six-Figure Agreements with Leading Customers Across Key Sectors
November 07 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
significant six-figure agreements, collectively expected to
generate more than $2 million in sales annually, with three
industry-leading customers.
The first agreement was signed with a leading
national developer, acquirer, and operator of high-quality rental
communities. Stran was selected for its extensive range of product
and service offerings, bolstered by a strong track record of
success. A key factor in Stran’s selection was its advanced
technology platform, which provides centralized access to essential
marketing and branding assets, empowering the client to drive their
brand presence seamlessly.
The second agreement is with a molecular
diagnostics company specializing in cancer prevention, detection,
and treatment solutions. Stran’s technology and scalable
warehousing capabilities were instrumental in winning this
contract. The client also recognized Stran’s creative expertise
while appreciating the Company’s preparedness and comprehensive
service approach.
In the third agreement, Stran was chosen by a
global public transportation services provider to enhance their
branding efforts with innovative promotional merchandise. Under the
agreement, Stran will provide promotional merchandise branding
services. Stran’s strong reputation, reliability, and tailored
product solutions were significant factors in this selection,
further underscoring the Company’s commitment to delivering
creative and impactful marketing solutions.
Andy Shape, President and CEO of Stran, stated,
“Securing these significant contracts with respected industry
leaders supports Stran’s value as a trusted service provider in
delivering comprehensive marketing solutions. Our ability to
combine innovative technology, robust warehousing capabilities, and
a versatile range of creative solutions sets us apart in the
marketplace. These agreements not only reflect our clients’
confidence in Stran, but also show our commitment to supporting
their growth.”
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.
Contacts:
Investor Relations Contact:Crescendo
Communications, LLCTel: (212) 671-1021SWAG@crescendo-ir.com
Press Contact:Howie
Turkenkopfpress@stran.com
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