Command Center Announces Revenue of $9.34 Million – Up 26.9% – for the Month of October
Command Center, Inc. (OTCQB: CCNI) (http://www.otcmarkets.com/stock/CCNI/quote), a national provider of on-demand and temporary staffing solutions, today announced revenue of $9.34 million for the four-week reporting period of October 2012, an increase of 26.9% on revenue of $7.36 million recorded in October 2011. There were 58 company-owned stores in October, as compared with 53 stores one year ago.
“Although fourth quarter is where, historically, we begin to experience a seasonal slowdown as we head into the holidays,” said Command's Chairman and CEO, Glenn Welstad, “business this year continues to be brisk and improve on many fronts. As a result, we expect revenue in this year-end quarter to be the strongest in the company's history. In addition to the ongoing strength of Command's branch offices, the two newest divisions - Bakken Staffing and Disaster Recovery Services - are highly visible and expanding rapidly.”
Mr. Welstad noted that DR Services, while still engaged in several projects subsequent to Hurricane Isaac, is now mobilizing its seasoned disaster recovery management team along the East Coast to provide emergency response services as needed. The recovery efforts for the widespread devastation from Hurricane Sandy will be centered in New Jersey and in the company's Baltimore office. “National contractors who have the responsibility of overseeing these massive clean-up situations know they can rely on Command Center to get any job done in a timely way. We are pleased that the company can be such a valuable resource in disaster relief efforts of any scale.”
About Command Center, Inc.
The company provides flexible on-demand employment solutions to businesses in the United States, primarily in the areas of light industrial, hospitality and event services, as well as other assignments such as emergency and disaster relief projects. Additional information on Command Center is available at www.commandonline.com. Information on the company's Bakken Staffing division can be found at www.bakkenstaffing.com.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act 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 severity and duration of the general economic downturn, the availability of worker's compensation insurance coverage, the availability of capital and 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, the impact of competition and pricing, government regulation, and other risks set forth in the Form 10-K filed with the Securities and Exchange Commission on April 9, 2012 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.
Jimmy Caplan, 512-329-9505