Command Security announces third quarter results.LAGRANGEVILLE, N.Y.--(BUSINESS WIRE)--Feb. 27, 1995--Command Security Corp. (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 :CMMD CMMD Ceramic Metal Matrix Diaphragm CMMD Command ) today announced its results for the third quarter ended Dec. 31, 1994. The company's increase in revenue for the quarter and nine month's ended Dec. 31, 1994 over the same period in 1993, reflects the addition of the security guard businesses of ISS ISS See Institutional Shareholder Services (ISS). International Service Systems Inc. and Madison Detective Bureau Inc. Growth through selective acquisition will continue to be pursued by Command. William C. Vassell, president of Command, stated, "Despite the apparently lackluster results for the period, we are very encouraged by the prospect of acquiring United Security Group ("USG (UNIX Systems Group) The division within Novell that was responsible for UnixWare. See USL. "), an approximately $25 million (annual revenue) security guard company based in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . Although not reflected significantly in the company's results as of the quarter's end, the cost, in terms of cashflow and management's time and energy of pursuing USG has been significant. Nevertheless, we expect to be able to close within the next several days." Command Security Corp. provides security services Security services are state institutions for the provision of intelligence, primarily of a strategic nature, but also including protective security intelligence. Examples include the Security Service (MI5) and the Secret Intelligence Service (MI6) in the United Kingdom, and the 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, Massachusetts and Florida and provides back-office service agreements to independent security companies nationwide. -0-
Condensed Statements of Operations (Unaudited)
Three Months Ended Six Months Ended
Dec. 31, Dec. 31, Dec. 31, Dec. 31,
1994 1993 1994 1993
Restated Restated
Revenue $8,553,769 $8,239,928 $29,006,129 $16,481,335 Net earnings/(loss) $ 54,157 $ (101,374) $ 134,282 $ (359,802) Net earnings/(loss) per share $ .01 $ (.03) $ .03 $ (.14) Weighted average shares outstanding 4,148,971 3,492,574 3,980,706 2,570,566 CONTACT: Command Security Corp. Gordon Robinett, 914/454-3703 |
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