Command Security Corporation Reports 100% Increase in Net Income for Fiscal 2008

Annual Revenues Increase 27% for Fiscal 2008
LAGRANGEVILLE, N.Y.--(Business Wire)--
Command Security Corporation (AMEX: MOC) announced today its
financial and operating results for the fourth quarter and fiscal year
ended March 31, 2008.

Revenues for the three months ended March 31, 2008 increased 29.6%
to $30,480,867, compared with revenues of $23,513,197 in the same
period of the prior year. Net income increased 45% to $918,431, or
$.09 and $.08 per basic and diluted share, respectively, compared with
$635,585, or $.06 per basic and diluted share, in the same period of
the prior year.

Revenues for the fiscal year ended March 31, 2008 increased 27.3%
to $119,403,865, compared with revenues of $93,822,546 for the fiscal
year ended March 31, 2007. Net income increased 100% to $2,473,585, or
$.23 and $.22 per basic and diluted share, respectively, compared with
$1,240,039, or $.12 per basic and diluted share, for the fiscal year
ended March 31, 2007.

Revenue growth during the three months and fiscal year ended March
31, 2008 was primarily attributable to the following events:

-- The purchase of two security services businesses located in
California and Maryland;

-- Services provided to new customers and increased services
provided to existing customers at Los Angeles and San Jose
International Airports in California, and John F. Kennedy
International Airport and LaGuardia Airport in New York;

-- Increased services provided to a major medical center in the
New York metropolitan area;

-- A new contract with a New York based metropolitan hospital;

-- Expanded domestic services with a major international
commercial bank based principally in New York; and

-- Services provided to new customers in the New England region.

Commenting on the results, Barry I. Regenstein, President of
Command Security stated, "Our security services remain in strong
demand, as evidenced by our continued top-line and bottom-line growth
this year. Constant communication with our valued business partners
and within the security marketplace has allowed us to continually
identify opportunities to build our portfolio of service offerings and
expand our geographic footprint. In order to deliver on our plan for
increasing shareholder value, we are focused on employing new
technology solutions that can further improve operating efficiencies
and yield revenue enhancement opportunities.

"Our commitment to offering the highest level of service to
customers combined with investments in sales and marketing have played
a major role in expanding agreements with existing clients and signing
new contracts with industry leaders in the markets which we serve. I
am extremely proud of the efforts of our more than 4,500 dedicated
employees who represent the core of our present success and with whom
we will continue to deliver strong sustainable growth in fiscal 2009
and beyond."

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 fifteen 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. Command's mission is to enable
businesses to operate without disruption or loss from security threats
or issues, 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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COMMAND SECURITY CORPORATION

Three Months Ended Fiscal Year Ended
March 31, March 31,
(Audited) (Audited)
----------------------------------------------------------------------
2008 2007 2008 2007
----------------------===========-===========-============-===========
Revenues $30,480,867 $23,513,197 $119,403,865 $93,822,546
----------------------------------------------------------------------
Operating income 625,011 338,404 2,969,033 1,134,598
----------------------------------------------------------------------
Other expense 141,580 152,819 655,448 344,559
----------------------------------------------------------------------
Benefit for income
taxes 435,000 450,000 160,000 450,000
----------------------------------------------------------------------
Net income $918,431 $635,585 $2,473,585 $1,240,039
----------------------------------------------------------------------
Net income per common
share
Basic $0.09 $0.06 $0.23 $0.12
Diluted $0.08 $0.06 $0.22 $0.12
----------------------------------------------------------------------
Weighted average
number of common
shares outstanding
Basic 10,733,797 10,137,970 10,733,797 10,137,970
Diluted 11,536,283 10,711,843 11,383,985 10,620,756
----------------------------------------------------------------------

Balance Sheet
Highlights March 31, 2008 March 31, 2007
----------------------------------------------------------------------
(Audited) (Audited)
----------------------------------------------------------------------

----------------------------------------------------------------------
Cash $ 146,782 $220,040
----------------------------------------------------------------------
Accounts receivable 20,097,835 17,978,737
----------------------------------------------------------------------
Total current assets 24,835,531 22,184,356
----------------------------------------------------------------------
Total assets 32,786,449 25,329,577
----------------------------------------------------------------------
Total current
liabilities 18,738,495 15,670,693
----------------------------------------------------------------------
Short-term debt 8,758,334 8,734,119
----------------------------------------------------------------------
Long-term debt -- 5,902
----------------------------------------------------------------------
Total liabilities 19,426,700 16,225,741
----------------------------------------------------------------------
Stockholders' equity 13,359,749 9,103,836
----------------------------------------------------------------------
Total liabilities and
stockholders' equity $32,786,449 $25,329,577
----------------------------------------------------------------------
*T

Command Security Corporation
Barry Regenstein, 845-454-3703
President

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