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