Command Center Announces September Revenue of $11.17 Million and Record Q3 Revenue of $28.40 Million
Strategic Expansion and Commitment to Customer Satisfaction Cited for "Consistent, Steady Growth"
POST FALLS, Idaho--(BUSINESS WIRE)-- Command Center, Inc. (OTCQB:CCNI) (http://www.ir-site.com/commandcenter/quote.asp), a national provider of on-demand and temporary staffing solutions, today announced revenue of $11.17 million for the five-week fiscal reporting period of September 2012, an increase of 9.9% on revenue of $10.16 million recorded in September 2011. There were 58 company-owned stores in September, as compared with 54 stores one year ago.
Command Center said third quarter 2012 revenue of $28.40 million, up 13.7% on revenue of $24.97 million in the like year-ago quarter, was the highest of any quarterly reporting period in the company's history.
For the first nine months of 2012, revenue of $71.76 million was up 16.4% on revenue of $61.65 million in the comparable year-ago period.
According to Command's Chairman and CEO, Glenn Welstad, "Many of our established branch offices generated record or near-record sales in September and during the quarter; and the results of new branch offices opened during the past few months are in line with, and, in some cases, exceed our expectations. Also, disaster relief and recovery activities, particularly those following Hurricane Isaac, had a growing positive impact on monthly and quarterly revenue; and the company's presence in this sector continues to expand."
Mr. Welstad said that, going forward, he expects the company to be even more active in servicing both national accounts and the large number of companies experiencing labor shortages in the Bakken Shale Region of North Dakota. "As a result of our strategic expansion plan and commitment to customer satisfaction, Command now benefits from multiple sources of business revenue throughout many areas of the nation's economy. We are experiencing consistent, steady growth and remain very excited about the future."
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
KEYWORDS: United States North America Idaho