Stran & Company Signs Customer Contract with Multinational Direct Selling Beauty Products Company
February 22 2023 - 8:00AM
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 it has been contracted
by a multinational direct selling beauty products company to
provide incentive merchandise to assist in growing the customer’s
North American loyalty program. The program is expected to launch
in the first quarter of 2023.
Andy Shape, President and CEO of Stran, stated,
“We continue to witness strong contract momentum entering 2023,
evidenced by our new loyalty program management relationship with
one of the largest beauty products direct sales companies. Given
their multinational presence and community of more than four
million beauty influencers worldwide, we are pleased to be selected
to support them in expanding their loyalty program by providing
incentive merchandise to their North American end users. As part of
our collaboration, we expect to launch a new custom-branded
e-commerce merchandise store during the first quarter of 2023 for
the customer’s North American market. The new e-commerce store will
provide influencers with an easy-to-use platform to access
merchandise with the expectation of bolstering their loyalty
programs through incentive merchandise. We look forward to
supporting their international influencer clientele and exploring
expansion opportunities in the future.”
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
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