Command Security announces effectiveness of selling stockholder registration statement.Security Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on SMALLCAP:CMMD CMMD Ceramic Metal Matrix Diaphragm CMMD Command ) announced today that a Registration Statement covering certain of its previously issued securities became effective at 5:30 PM on November 9, 1995. The Registration Statement covers approximately 4.5 million shares of common stock issued primarily in connection with private placements in 1993 and 1995. It also covers approximately 1.6 million shares issuable upon exercise of outstanding warrants and 1.0 million shares issuable upon conversion of previously issued preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. . Most of the securities covered by the registration statement were issued by the company in order to finance the acquisition of the assets of certain security guard companies in 1993 and 1995. The shares are offered on a continuous basis. The company is obligated ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. to keep current the Registration Statement. All proceeds of any sales will be received by the Selling Stockholder. Command Security Corporation provides security services through company owned offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New Jersey, California, Illinois, Connecticut and Florida and also provides back office service agreements to independent security companies nationwide. CONTACT: Command Security Corporation William C. Vassell 914/454-3703 |
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