Command Security Announces New Contract Award and an Additional Extension of Existing Security Service Contracts
2013年11月18日 - 11:00PM
ビジネスワイヤ(英語)
Command Security Corporation (NYSE MKT: MOC) announced today the
award of a five year follow-on contract with a major transportation
company for security services in the Eastern Region of the United
States. At the same time, the Company announced another extension
through February 28, 2014, of existing Eastern and Western Region
security service contracts with this same major transportation
company.
As previously announced, contracts with one security services
customer which represents 24% of the Company’s total revenues, were
originally scheduled to expire on May 31, 2013. Since that time the
contracts have been extended twice, first through August 31, 2013,
and again through November 30, 2013. Also as previously disclosed,
this customer commenced and invited us to participate in a
competitive bidding process for the continued performance of these
as well as additional services in the Eastern and Western Regions
of the United States.
As mentioned above, Command Security Corporation has been
awarded a five-year follow-on contract for security services in the
Eastern Region with a geographic footprint that extends from Maine
to Virginia and into western Pennsylvania. The contract will
commence upon completion of final negotiations which are expected
to be completed before the above-mentioned contract extension which
expires on Feb. 28, 2014. Command Security further announced that
no award decision has yet been made with respect to the Western
Region.
Craig Coy, the Chief Executive Officer for Command Security,
stated, "We are very pleased to receive this follow-on contract
award for the Eastern region as well as the contract extensions in
both regions through February. This affirms the hard work,
commitment and professionalism of the Command Security Team. And it
further demonstrates our unique ability to satisfy national
customers by securing their assets across broad geographic
footprints while simultaneously maintaining the flexibility to
quickly respond to the diversity of their needs at the local
level."
About Command Security
Corporation
Command Security Corporation and its Aviation Safeguards
division provides uniformed security officers, aviation security
services and support security services to commercial, financial,
industrial, aviation and governmental customers throughout the
United States. We safeguard against theft, fraud, fire, intrusion,
vandalism and the many other threats that our customers are facing
today. By partnering with each customer, we design programs
customized to meet their specific security needs and address their
particular concerns. We bring years of expertise, including
sophisticated systems for hiring, training, supervision and
oversight, backed by cutting-edge technology, to every situation
that our customers face involving security. Our mission is to
enable our customers to operate their businesses without disruption
or loss, and to create safe environments for their employees. For
more information concerning our company, please refer to our
website at www.commandsecurity.com.
Forward-Looking Statements
This announcement by Command Security Corporation (referred to
herein as the “Company”) contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, Section
21E of the Securities Exchange Act of 1934, and within the meaning
of the Private Securities Litigation Reform Act of 1995 about the
Company that are based on management’s assumptions, expectations
and projections about the Company. Such forward-looking statements
by their nature involve a degree of risk and uncertainty. The
Company cautions that actual results of the Company could differ
materially from those projected in the forward-looking statements
as a result of various factors, including but not limited to the
factors described under the heading “Risk Factors” in the Company’s
most recent Annual Report on Form 10-K for the fiscal year ended
March 31, 2013, filed with the Securities and Exchange Commission,
and such other risks disclosed from time to time in the Company’s
periodic and other reports filed with the Securities and Exchange
Commission. You should consider the areas of risk described above
in connection with any forward-looking statements that may be made
by the Company. The Company undertakes no obligation to publicly
update any forward-looking statements, whether as a result of new
information, future events or otherwise. You are advised, however,
to consult any additional disclosures the Company makes in proxy
statements, quarterly reports on Form 10-Q, annual reports on Form
10-K and current reports on Form 8-K filed with the Securities and
Exchange Commission, which are publicly available at the Securities
and Exchange Commission’s website at www.sec.gov/edgar.shtml.
Company Contact:Command Security
CorporationN. Paul Brost, Chief Financial OfficerPh.
703-464-4735
Command Security Corp. (AMEX:MOC)
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