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Stran & Company (NASDA: STRN, STRNW) has signed a definitive asset purchase agreement to acquire Premier Business Services, a promotional products company with over 30 years of experience. The acquisition aims to enhance Stran's presence in key sectors, particularly in the Northeast, by leveraging Premier NYC's established client base, which includes notable firms and organizations. The deal, expected to close this month, positions Stran to strengthen customer solutions and drive synergies, ultimately benefiting its shareholders.
Stran & Company, Inc. (NASDAQ: STRN, STRNW) announced that CEO Andy Shape has been named number forty-five on the 2022 Power 50 list by the Advertising Specialty Institute (ASI), recognizing influential figures in the promotional products industry. This accolade reflects Stran's growth and innovation in marketing solutions over nearly three decades. Stran specializes in promotional products and loyalty programs for Fortune 500 companies, emphasizing customer experience and technological advancements to enhance its services.
Stran & Company reported $13.6 million in revenue for Q3 2022, a 24% increase year-over-year, bolstered by acquisitions and new customer contracts. The company saw a 50% growth in revenue over the nine-month period compared to 2021, reflecting strong operational execution. Despite these gains, Stran faced a $0.7 million net loss due to integration and lead generation costs. The company maintains a solid balance sheet with $22 million in cash and no long-term debt, supporting its growth strategy which includes mergers and acquisitions.
Stran & Company, Inc. (NASDAQ: STRN, STRNW) will host a conference call on November 14, 2022, at 10:00 A.M. ET to discuss its financial results for Q3, ending September 30, 2022. The call can be accessed via phone or webcast. Stran, a leader in promotional products, accounts for numerous Fortune 500 clients, specializing in marketing programs that build brand loyalty. The company emphasizes customer relationships and cutting-edge logistics technology. Further details and updates will be shared during the call.
Stran & Company (NASDAQ:STRN, STRNW) announced CEO Andy Shape will present at the MicroCap Rodeo Windy City Roundup Conference on October 12, 2022, at 1:00 p.m. CT. The presentation will be webcast live with replay options available.
Stran, a leader in promotional products, has built a strong reputation over 27 years, partnering with Fortune 500 companies to manage marketing, loyalty, and incentive campaigns. The conference highlights opportunities for investors to engage with over 60 microcap companies, showcasing key industry trends.
Stran & Company (NASDAQ: STRN, STRNW) announced a significant contract with a North American infrastructure services company to provide promotional products, set to launch in Q4 2022. This program is projected to generate over $1 million annually, enhancing company revenue and market presence. CEO Andy Shape highlighted the contract's potential to increase customer loyalty and market awareness, indicating strong growth prospects. The new client was referred by an existing customer, underscoring Stran's service quality and effectiveness in delivering high-margin revenue opportunities.
Stran & Company, Inc. (NASDAQ: STRN, STRNW) has completed the acquisition of Trend Brand Solutions, enhancing its presence in Texas and particularly in Houston. This strategic move aligns with Stran's M&A growth strategy, targeting synergistic acquisitions to expand its product offerings and market reach. Michael Krauser, CEO of Trend, has been appointed as Regional Vice President, overseeing operations in the Texas region. Trend brings a strong brand marketing portfolio and proprietary technology solutions, furthering Stran's capabilities in promotional products and marketing services.
Stran & Company reported a significant revenue growth of 72.5%, totaling $14.8 million for Q2 2022, driven by increased spending from existing and new clients. Organic revenue surged by 49.4%. The company has integrated G.A.P. Promotions and announced plans to acquire Trend Brand Solutions to expand its market reach. Despite a net loss of approximately $0.4 million due to integration and public company expenses, Stran maintains over $28 million in cash, supporting its growth strategy. A conference call to discuss results is scheduled for today at 10:00 AM ET.
Stran & Company, Inc. (NASDAQ: STRN, STRNW) will host a conference call on August 15, 2022, at 10:00 A.M. ET to discuss its Q2 financial results, corporate progress, and developments. Interested parties can dial in toll-free or access a webcast via the company’s investor relations site. The company has established itself as a leader in promotional products and marketing solutions, serving numerous Fortune 500 clients. Stran aims to build long-term relationships with clients to enhance brand loyalty.
Stran & Company (NASDAQ: STRN, STRNW) announced a new sales and marketing strategy aimed at expanding its market presence. The Company is forming a lead generation team of industry veterans and enhancing its digital marketing efforts to meet rising demand for its promotional products. President and CEO Andy Shape highlighted investments in technology and infrastructure, which support this initiative, allowing Stran to provide a complete end-to-end solution. This move aims to grow Stran's market position by serving leading Fortune 500 companies across various industries.
