Command Center Announces Revenue of $6.85 Million in December
January 11 2012 - 7:00AM
Business Wire
Command Center, Inc. (OTCQB:CCNI), a national provider of
on-demand and temporary staffing solutions, today announced revenue
of $6.85 million for the five-week reporting period ended December
30, 2011, compared with revenue of $6.92 million recorded for the
six-week reporting period ended December 31, 2010.
Command Center recorded average weekly revenue of $1.37 million
in December 2011, an increase of 19% on average weekly revenue of
$1.15 million in December 2010. Because of the disparity between
the reporting periods of December ’11 and December ’10, five weeks
versus six weeks, respectively, the company noted that a comparison
of average weekly sales between the two periods is “a more
appropriate way to evaluate revenue improvement
year-over-year.”
The company also said Q4 ’11 revenue of $20.25 million improved
8% on revenue of $18.80 million in Q4 ’10, and that total revenue
of $81.91 million in 2011 represents an 18% increase on revenue of
$69.44 million posted in 2010.
“Revenue improvement throughout the year can be attributed to a
number of factors,” said Command’s Chairman and CEO, Glenn Welstad.
“But I think the most significant one has been our ability to
identify and service promising growth markets such as disaster
relief and recovery and national accounts. Now, as we enter the New
Year, we also anticipate significant revenue contributions from our
rapidly expanding Bakken Staffing business in North Dakota, and
from the acquisition of DR Services that we completed last week, in
addition to our growing core business. So, we are pleased with this
year’s results and even more excited about the opportunities for
the company’s growth in 2012.”
About Command Center, Inc.
The company provides flexible 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 such as emergency and disaster relief projects.
Additional information on Command Center is available at
www.commandonline.com. Information on the company’s Bakken Staffing
division can be found at www.bakkenstaffing.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 10-K filed with
the Securities and Exchange Commission on March 16, 2011 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.