Stran & Company Expands Multiple Contracts with Industry-Leading Customers
June 10 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 recently secured
multiple expanded contracts with industry-leading, enterprise-level
customers. These customers span multiple sectors and geographies,
demonstrating Stran’s position as a leader in the promotional
products industry, as well as validating Stran’s ability to address
the complex marketing needs of its diversified customers.
The expanded agreements, each representing
six-figure expected annual revenue, are with multiple customers,
including a best-in-class original equipment manufacturer serving
the automotive industry, a state-of-the-art engineering products
and services firm, and a leading global provider of
mission-critical technologies and services for the oil and gas
industry. Each customer had various reasons for expanding their
contracts with Stran, however, all centered around Stran’s
exceptional reputation for quality and reliability.
“We are very proud to expand these meaningful
contracts with leading organizations,” commented Andy Shape, CEO of
Stran. “These customers selected us based on our performance,
trusted relationship, and consistent reliability of products and
services. Our products management technology is designed for each
customer to increase brand awareness, streamline operations, and
enhance efficiency. In the case of one customer, their sales had
doubled over a short period and they needed quick scaling of
products, which we showed we could accomplish. Additionally, our
technology provided the ability to manage the brand’s spend in a
centralized location for all of their international offices while
globally managing their inventory, which was a key differentiator.
We are excited to build upon these prior relationships, and working
closely with these customers for years to come while meeting their
evolving promotional product needs.”
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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