Command Center Announces Revenue of $4.9 Millionfor the Month of June

Fri Jul 10, 2009 2:07pm EDT
 
[-] Text [+]
Company Completes Renewal of Workers` Compensation Plan
POST FALLS, Idaho--(Business Wire)--
Command Center, Inc. (OTCBB:CCNI), an emerging provider of on-demand, reliable
labor solutions, today announced revenue of $4.9 million for the five-week
reporting period of June 2009. 

Revenue for the 52 company-owned stores in June `09 was down from the $8.4
million recorded by the 62 stores in June `08. However, the company said
previously announced cost-cutting measures and cost-management programs continue
to keep expenses more in line with its reduced revenuebase in the current
economic climate. 

The company also reported that in recent weeks it has completed the renewal and
placement of its workers` compensation plans for the next year. In all states
except California, South Dakota, North Dakota and Washington, Command Center
continues the same plan with a $250,000 per claim deductible that has been in
place over the last year. California and South Dakota are insured by a different
carrier on a guaranteed cost basis, while in the monopolistic states of North
Dakota and Washington, coverage is provided through the respective state funds
without a deductible. 

According to Command`s Chairman and CEO, Glenn Welstad, "We did not see as much
improvement in revenue as we had hoped for in the second quarter; but we are
operating "lean and mean" and currently have several major account bids
outstanding that, if awarded, would rapidly improve revenue in the second half."


Mr. Welstad also commented, "We are pleased with the terms of our workers`
compensation plans for the next year. Although the insurance market is
tightening, we expect to continue to achieve the same level of savings in
workers` compensation expense that we began to realize a year ago." 

About Command Center, Inc.

The Company provides 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. Additional information on Command Center
is available at www.commandonline.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 10KSB filed with the Securities and Exchange
Commission on April 9, 2009 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. 





Market Makers
Jimmy Caplan, 512-329-9505
jcap@austin.rr.com



Copyright Business Wire 2009

 

Featured Broker sponsored link

Editor's Choice

A selection of our best photos from the past 24 hours.  Slideshow 

Most Popular on Reuters

  • Articles
  • Video