Command Security Reports First Quarter Results.

Business Editors

LAGRANGEVILLE, N.Y.--(BUSINESS WIRE)--Aug. 14, 2002

Command Security Corporation (OTCBB:CMMD):

    --  Record revenue up 52.3% for quarter

    --  Operating income $2.8 million compared to $0.2 million loss

    --  EPS $.29 compared to $(.06) in prior year

Command Security Corporation (OTCBB:CMMD) today reported results for its first fiscal quarter ending June 30, 2002. Revenue for the quarter increased to $28,271,152 a 52.3% increase from the $18,558,098 reported for same period in the prior fiscal year. This increase in revenue was due to additional revenue from the aviation division, primarily due to the additional volumes and higher rates on the pre-board screening services provided to the FAA. This increase was partially offset by revenue loss from the closure of our marginal National Accounts division.

Gross profit increased to $6,356,740 or 22.5% of revenue for the quarter ended June 30, 2002 from $2,622,249 for the same period in the prior fiscal year. This improvement is due to three factors; higher wage rates and margins to provide better qualified security officers at US airports, improved margins in the guard division and the closure of the National Accounts division.

William C. Vassell, Chairman of Command, reports progress in the Aviation division under Martin C. Blake, Jr., Vice President of the Aviation Division. Mr. Blake commented, "Since September 11, 2001 we have expanded our service capabilities to include LaGuardia Airport, Philadelphia International Airport, and San Jose International Airport. In addition to pre-board screening which is subject to federalization, we have added and expanded services to meet the higher level security demanded as well as other important airport service requirements. These services include catering security, lobby agents, customer ambassador service and our traditional sky cap, baggage handling and wheelchair escort services enhanced by our proprietary SMART WHEEL(TM) technology. We have strengthened our management team to pursue these opportunities."

Operating profit for the quarter ended June 30, 2002 was $2,776,104 compared to a loss of $(206,663) for the same period of the prior fiscal year.

Net income applicable to common shareholders for the quarter ended June 30, 2002 was $1,824,327 or $0.29 per share compare to a loss of $(394,220) or $(.06) per share in the same period of the prior fiscal year. In the current quarter preferred dividends of $325,394 or $.05 per share were declared which included $284,720 of arrears not paid in prior quarters.

Commenting on the results for the quarter William C. Vassell, Chairman and President of Command said, "We are extremely pleased with the results achieved during the quarter. Although we expect to lose revenue as the government federalizes the pre-board screening function at airports as was recently done at JFK and LaGuardia, we feel we have positioned the Company to take advantage of higher margin opportunities to ensure future profitability for the Company. Annualized revenues are currently expected to be around $70 million immediately post federalization and we are working hard to continually improve this number although always at the right margin. This does not assume any significant new wins between now and full federalization, such as securing one or more of the pilot airports. We believe because of our experience and high level of service we have provided that we have a significant opportunity to participate in one or more of the five pilot programs that the government will be conducting for engaging private companies to provide pre-board screening services at our nations airports."

                     COMMAND SECURITY CORPORATION

                                                Three Months Ended
                                                     June 30

                                               2002           2001
                                               ----           ----

Revenue                                    $28,271,152    $18,558,098

Operating profit/(loss)                      2,776,104       (206,663)

Net income/(loss) before income taxes        2,606,060       (394,220)

Provision for income taxes                    (456,339)             0
                                           -----------    -----------

Net income/(loss)                            2,149,721       (394,220)

Preferred dividends                           (325,394)             -
                                           -----------    -----------

Net income /(loss) applicable to common
 stockholders                               $1,824,327      $(394,220)

Net Income/(loss) per common shares (Basic)       $.29          $(.06)

Weighted average number of common shares
 outstanding                                 6,287,343      6,287,343

About Command

Command Security Corporation provides security services through company-owned offices in New York, New Jersey, California, Illinois, Connecticut, Florida, Massachusetts and Pennsylvania.

Statements in this press release other than statements of historical fact are "forward-looking statements." Such statements are subject to certain risks and uncertainties including the demand for the Company's services, litigation, labor market, and other risk factors identified from time to time in the Company's filings with the Securities and Exchange Commission that could cause actual results to differ materially from any forward looking statements. These forward-looking statements represent the Company's judgment as of the date of this release. The Company disclaims, however, any intent or obligation to update these forward-looking statements.