Stran & Company Secures Six-Figure Agreements with Leading Customers Across Key Sectors

Rhea-AI Summary

Stran & Company (NASDAQ: SWAG) has secured multiple six-figure agreements expected to generate over $2 million in annual sales with three major customers. The contracts include partnerships with: a national rental communities developer, a molecular diagnostics company focusing on cancer solutions, and a global public transportation services provider.

The company was selected for its advanced technology platform, extensive product offerings, warehousing capabilities, and creative expertise in promotional merchandise branding services. These agreements highlight Stran's position as a trusted marketing solutions provider.

Positive

• Secured new contracts worth over $2 million in annual sales
• Expanded customer base in diverse sectors (real estate, healthcare, transportation)
• Successfully leveraged technological platform and warehousing capabilities to win contracts

Negative

• None.

Insights

Financial Analyst

The secured contracts, valued at over $2 million annually, represent a significant revenue boost for Stran & Company, given its relatively small market cap of $21.5 million. The diversification across different sectors (real estate, healthcare and transportation) reduces industry-specific risks while demonstrating the company's broad market appeal.

The recurring nature of these contracts provides stable revenue visibility and suggests potential for long-term growth. The technology-driven approach, particularly their centralized marketing platform, indicates strong competitive advantages and potential for high-margin revenue streams beyond traditional promotional products.

These contracts could significantly impact profitability, potentially representing around 10% of annual revenue based on the company's size. The focus on large, established clients also reduces collection risks and strengthens the company's market position.

Customers include a national residential housing developer, a molecular diagnostics company, and a public transportation services provider

Quincy, MA, Nov. 07, 2024 (GLOBE NEWSWIRE) -- 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 Stran
For 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 Statements
This 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, LLC
Tel: (212) 671-1021
SWAG@crescendo-ir.com

Press Contact:
Howie Turkenkopf
press@stran.com

FAQ

What is the expected annual revenue from Stran's (SWAG) new contracts announced in November 2024?

The new contracts are collectively expected to generate more than $2 million in annual sales.

Which sectors are represented in Stran's (SWAG) new customer agreements?

The agreements are with companies in residential housing development, molecular diagnostics, and public transportation services.

What key capabilities helped Stran (SWAG) secure these new contracts?

Stran's advanced technology platform, warehousing capabilities, extensive product offerings, and creative expertise in promotional merchandise branding were key factors.