Stran & Company Secures Six-Figure, Multi-Year Contract with a Leading Medical Group Specializing in the Treatment of Gastrointestinal Disorders
19 10월 2023 - 9:30PM
Stran & Company, Inc. (“Stran” or the “Company”)
(NASDAQ: SWAG) (NASDAQ: SWAGW), a leading outsourced marketing
solutions provider that leverages its promotional products and
loyalty incentive expertise, today announced that it has secured a
six-figure annual contract with a leading medical group
specializing in the treatment of gastrointestinal disorders,
nutrition, and digestive health. The customer has over two hundred
locations throughout the United States with over three thousand
employees that provide complete care for the digestive system,
including evaluation to treatment, and surgery if necessary.
As part of the contract, Stran will launch a
marketing program as well as provide holiday gifts, doctor
recruitment gifts, and new hire kits to the customer’s employees to
support loyalty and incentivize employees. In addition, Stran will
launch a custom e-commerce store for the customer where employees
can easily access and purchase branded products while providing a
seamless experience for both the customer and their employees. The
contract is for three years and estimated to provide six figures in
annual spending, with the potential to grow over time as the
customer increases its presence and locations around the United
States.
“We are proud to secure another meaningful
contract in the healthcare sector,” said Andy Shape, Stran’s CEO.
“We believe this contract further demonstrates our ability to fully
support our customers, as this client consolidated from three
promotional product vendors to one, Stran. In addition, they are in
a significant growth phase where they intend to increase locations,
employees and revenue and we intend to continue to support their
needs as their demand increases. We look forward to working closely
with the customer to ensure a smooth program launch and leverage
our capabilities to support their growth initiatives.”
About Stran
Over the past 27 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 and other risks and uncertainties 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
ContactCrescendo Communications, LLCTel: (212)
671-1021SWAG@crescendo-ir.com
Press ContactHowie
Turkenkopf press@stran.com
Stran (NASDAQ:SWAGW)
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