Command Security Corporation Announces Financial Results

Annual Revenues Increase 10% for Fiscal 2009
LAGRANGEVILLE, N.Y.--(Business Wire)--
Command Security Corporation (NYSE Amex: MOC) announced today its financial and
operating results for the fourth quarter and fiscal year ended March 31, 2009.

Revenues for the three months ended March 31, 2009 increased 6.3% to
$32,397,674, compared with revenues of $30,480,867 in the same period of the
prior year.Net loss was $123,326, or $.01 per basic and diluted share compared
with net income of $918,431, or $.09 and $.08 per basic and diluted share,
respectively, in the same period of the prior year.Operating income was
$205,745, or .6%, compared to $625,011, or 2.1% in the same period of the prior
year.

Revenues for the fiscal year ended March 31, 2009 increased 9.6% to
$130,813,244, compared with revenues of $119,403,865 for the fiscal year ended
March 31, 2008.Net income decreased to $1,281,883, or $.12 and $.11 per basic
and diluted share, respectively, compared with $2,473,585, or $.23 and $.22 per
basic and diluted share, respectively, for the fiscal year ended March 31,
2008.Operating income was $3,007,641, or 2.3%, compared to $2,969,033, or 2.5%
for the fiscal year ended March 31, 2008.

Revenue growth during the three months and fiscal year ended March 31, 2009 was
primarily attributable to the following events:

* The acquisitions of security services businesses in Florida and Maryland;
* The expansion of aviation services to new customers at Los Angeles
International Airport in California, and John F. Kennedy International Airport
and LaGuardia Airport in New York;
* The expansion of security services to new and existing customers, including a
major medical center, a New York based hospital and a major international
commercial bank;
* A new contract with a large grocery market distribution center in California;
and
* A new contract with a company that provides merchandising and distribution
centers to a major grocery retailer in New Jersey.

The decrease in net income for the three months and fiscal year ended March 31,
2009, compared to the corresponding periods of the prior fiscal year was
primarily attributable to a higher effective tax rate in the current year period
primarily resulting from the recognition of deferred tax assets in the fiscal
year ended March 31, 2008.

Commenting on the fiscal 2009 results, Edward S. Fleury, Chief Executive Officer
of Command Security, stated "Our experienced management team has been proactive
in implementing financial and operational programs in this challenging economic
environment.In addition to continuing to meet our top-line goals, we have and
will continue to maintain our disciplined approach towards cost and expense
management.We are managing the business prudently and making decisions for
sustained success over the long-term, including, for example, by investing in
sales and back-office efficiencies, continuing to expand our geographic
footprint and utilizing customer capacity reductions as an opportunity to reduce
overtime.We are doing all of this without compromising the quality of our
service delivery and we are confident we will emerge from this downturn as a
stronger force in the industry."

Barry I. Regenstein, President of Command Security, stated, "Our focus on
managing working capital across the business and the commitment of an expanded
revolving credit facility continues to provide the resources to implement our
strategy of expanding through organic growth and selective strategic
acquisitions."

About Command Security Corporation

Command Security Corporation provides security and aviation services to protect
buildings, assets and people through over forty company-owned offices in
eighteen states and to more than 100 of the largest domestic and international
airlines, airports, airport authorities and the general aviation community.We
safeguard against theft, fraud, fire, intrusion, vandalism and the manifold
threats that many of our customer`s are facing today.Partnering with each
client, we design programs customized to meet specific security needs and solve
problems.We bring years of expertise, including sophisticated systems for
hiring, training, supervision and oversight, backed by cutting-edge technology,
to every situation that our clients face involving security.Our mission is to
enable businesses to operate without disruption or loss, and to create safe
environments for our customer`s people and their employees.For more information
concerning the Company, please refer to its 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, 2009, 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.

COMMAND SECURITY CORPORATION

Three Months Ended Fiscal Year Ended
March 31, March 31,

(Audited)
(Audited)
2009 2008 2009 2008
Revenues $ 32,397,674 $ 30,480,867 $ 130,813,244 $ 119,403,865
Operating income 205,745 625,011 3,007,641 2,969,033
Other expense 124,932 141,580 461,619 655,448
Provision (benefit) for income taxes 204,139 (435,000 ) 1,264,139 (160,000 )
Net income (loss) $ (123,326 ) $ 918,431 $ 1,281,883 $ 2,473,585
Net income (loss) per common share $ (0.01 ) $ 0.09 $ 0.12 $ 0.23

Basic
$
(0.01
)
$
0.08
$
0.11
$
0.22

Diluted
Weighted average number of common shares outstanding 10,772,613 10,733,797 10,772,613 10,733,797

Basic
11,364,821
11,536,283
11,391,047
11,383,985

Diluted

Balance Sheet Highlights March 31, 2009 March 31, 2008
(Audited) (Audited)

Cash $ 177,011 $ 146,782
Accounts receivable 21,603,826 20,097,835
Total current assets 25,898,164 24,835,531
Total assets 34,265,035 32,786,449
Total current liabilities 18,792,120 18,738,495
Short-term debt 11,006,134 8,758,334
Total liabilities 19,543,467 19,426,700
Stockholders` equity 14,721,568 13,359,749
Total liabilities and stockholders` equity $ 34,265,035 $ 32,786,449

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

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