EX-99.1
3
v099559_ex99-1.htm
Exhibit
99.1
NEWS
RELEASE
C
OMPANY
CONTACT:
Barry
Regenstein, President
Command
Security Corporation
845-454-3703
COMMAND
SECURITY CORPORATION COMPLETES ACQUISITION OF
EXPERT
SECURITY SERVICES
Lagrangeville,
New York***January 7, 2008***Command Security Corporation (Amex: MOC) announced
today that it has completed the acquisition of Expert Security Services, Inc.
("Expert"), a provider of security services primarily in Maryland. Expert has
approximately 100 employees and estimated annual sales for 2007 of approximately
$2.0 million. The purchase price for the business was $437,000.
Command
Security acquired Expert in order to expand its presence within Maryland,
Washington, D.C. and Virginia, where the company believes demand for security
services is significantly growing.
Commenting
on the purchase, Barry Regenstein, Command Security's President, stated,
"Expert's reputation for providing quality security services to its customers
over the past twenty-five years reflects the commitment and principles that
we
value within our company. The acquisition of Expert continues our momentum
for
transactional growth via purchases of targeted strategic opportunities. We
look
forward to further expanding our service network in the Mid-Atlantic region
and
welcome our newest team members who share our vision for delivering
marketing-leading solutions for today's security needs".
About
Command Security Corporation
Command
Security Corporation provides aviation and security services to protect
buildings, assets and people through over thirty company-owned offices in
fourteen states. We safeguard against theft, fraud, fire, intrusion, vandalism
and the manifold threats that today's world brings. Partnering with each client,
Command Security designs programs customized to meet specific security needs
and
solve problems. To every situation the Company brings years of expertise -
sophisticated systems for hiring, training, supervision and oversight, backed
by
cutting-edge technology. Its mission is: to enable businesses to operate without
disruption or loss, and to create safe environments for people to work
in.
Forward-Looking
Statements
This
announcement 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. Actual results could differ materially from those projected in the
forward-looking statements as a result of various factors including the ability
of the Company to successfully commercialize its new technologies as well as
risk factors set forth under "Risk Factors" in the Company's annual report on
Form 10-K for the year ended March 31, 2007, and such other risks detailed
from
time to time in the Company's periodic and other reports filed with the
Securities and Exchange Commission. The Company undertakes no obligation to
publicly release the result of any revisions to these forward-looking
statements, which may be made to reflect events or circumstances after the
date
hereof or to reflect the occurrence of unanticipated events. For more
information concerning the Company, please refer to its website at www.commandsecurity.com
and to
the Edgar website www.sec.gov/edgar.shtml.

EX - 99 . 1 3 v099559 _ ex99 - 1 . htm Exhibit 99 . 1 NEWS RELEASE C OMPANY CONTACT : Barry Regenstein , President Command Security Corporation 845 - 454 - 3703 COMMAND SECURITY CORPORATION COMPLETES ACQUISITION OF EXPERT SECURITY SERVICES Lagrangeville , New York *** January 7 , 2008 *** Command Security Corporation ( Amex : MOC ) announced today that it has completed the acquisition of Expert Security Services , Inc . ( " Expert " ) , a provider of security services primarily in Maryland . Expert has approximately 100 employees and estimated annual sales for 2007 of approximately $ 2.0 million . The purchase price for the business was $ 437,000 . Command Security acquired Expert in order to expand its presence within Maryland , Washington , D . C . and Virginia , where the company believes demand for security services is significantly growing . Commenting on the purchase , Barry Regenstein , Command Security 's President , stated , " Expert 's reputation for providing quality security services to its customers over the past twenty - five years reflects the commitment and principles that we value within our company . The acquisition of Expert continues our momentum for transactional growth via purchases of targeted strategic opportunities . We look forward to further expanding our service network in the Mid - Atlantic region and welcome our newest team members who share our vision for delivering marketing - leading solutions for today 's security needs " . About Command Security Corporation Command Security Corporation provides aviation and security services to protect buildings , assets and people through over thirty company - owned offices in fourteen states . We safeguard against theft , fraud , fire , intrusion , vandalism and the manifold threats that today 's world brings . Partnering with each client , Command Security designs programs customized to meet specific security needs and solve problems . To every situation the Company brings years of expertise - sophisticated systems for hiring , training , supervision and oversight , backed by cutting - edge technology . Its mission is : to enable businesses to operate without disruption or loss , and to create safe environments for people to work in . Forward - Looking Statements This announcement 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 . Actual results could differ materially from those projected in the forward - looking statements as a result of various factors including the ability of the Company to successfully commercialize its new technologies as well as risk factors set forth under " Risk Factors " in the Company 's annual report on Form 10 - K for the year ended March 31 , 2007 , and such other risks detailed from time to time in the Company ' s periodic and other reports filed with the Securities and Exchange Commission . The Company undertakes no obligation to publicly release the result of any revisions to these forward - looking statements , which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events . For more information concerning the Company , please refer to its website at www.commandsecurity.com and to the Edgar website www.sec.gov/edgar.shtml .
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