Command Center Announces New Workers' Compensation Program.New Program to Generate Positive Cash Flow of $3.4 Million in First Year POST FALLS, Idaho Post Falls is a city in Kootenai County, Idaho, United States near the Idaho state line between Spokane, Washington, and Coeur d'Alene, Idaho. The population was 17,247 at the 2000 census, but now as of 2006 it has 24,420 citizens. -- Command Center, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CCNI CCNI Compañía Chilena de Navegación Interoceánica (Chile) CCNI Child Care & Nutrition Inc CCNI Center for Comparative Neuro Imaging CCNI Computer Consulting & Network Integration CCNI Cross-Connect Network Interface (AT&T) ), an emerging provider of on-demand, reliable labor solutions, today announced it has changed insurance providers for its workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. coverage nationwide and, as a result, has significantly reduced its projected annual costs and cash flow requirements for workers' compensation insurance. The changeover in programs will account for estimated positive cash flow of more than $3.4 million over the next year. The company said the new program was facilitated and structured by its insurance broker, Chicago-based Assurance Agency. "Controlling costs associated with workers' compensation insurance is a major challenge for all labor and staffing companies," said Glenn Welstad, Command's Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "I'm thrilled our management team has tackled it aggressively and found a solution that significantly lowers our costs without reducing the quality or scope of insurance coverage. This is a major positive development for our young company. Obviously, it will contribute significantly to our goal of profitability in the second half of 2008 and beyond." About Command Center, Inc. The Company provides on-demand employment solutions to businesses in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , primarily in the areas of light industrial, hospitality and event services, as well as other assignments. Additional information on Command Center is available at www.commandonline.com. This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. as defined by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, the availability of worker's compensation insurance coverage, the availability of suitable financing for the Company's activities, the ability to attract, develop and retain qualified store managers and other personnel, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks set forth in the Form 10KSB KSB Kogod School of Business (American University) KSB Kelley School of Business (Indiana University) KSB Kantonsschule Am Brühl St. filed with the Securities and Exchange Commission on March 28, 2008 and in other statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion