LOS ANGELES, Sept. 11, 2002 (PRIMEZONE) -- WallStreet Research (www.WallStreetResearch.org), a prominent equity research boutique led by Alan Stone, Managing Director of Alan Stone & Company, LLC, announced today that it has updated coverage of Command Security Corporation (OTCBB:CMMD), a diversified security services company. The complete analyst research report on Command Security Corporation, together with the risks associated therewith and additional information about WallStreet Research, is available at www.WallStreetResearch.org.
Mr. Stone was formerly a securities analyst and assistant portfolio manager at Merrill Lynch Asset Management and an investment analyst at Prudential Insurance Company's Capital Markets Group. WallStreet Research specializes in the microcap and smallcap investment arena, looking for emerging growth companies with strong management, unique or proprietary technology, significant market potential, financial strength, and outstanding long-term earnings growth possibilities.
Command Security Corporation, headquartered in LaGrangeville, New York, provides security personnel services to a variety of corporate and institutional clients in the United States. The Company has nineteen operating offices employing nearly 3,400 hourly guards in New York, Pennsylvania, Florida, Georgia, Connecticut, Massachusetts, California, New Jersey and Illinois. The events of September 11th, which exposed the ongoing threat of criminal and terrorist activities, radically heightened the attention to security matters among corporate and public decision makers, especially in urban centers served by the Company, including New York, Los Angeles, Miami and Chicago. The redefined market conditions present a tremendous growth opportunity for the Company, which trades under the symbol CMMD. The Company recently reported record revenues and earnings for the fiscal year ended March 31, 2002 and the first quarter ended June 30, 2002. For more information on the Company, please visit its web site at www.CommandSecurity.com.
Statements in this Press Release that are not historical facts constitute "forward-looking statements." Any statements contained herein which are not historical facts or which contain the words "anticipate," "believe," "continue," "estimate," "expect," "intend," "may," "should," and similar expressions are intended to identify forward-looking statements. Such statements reflect the current view of the Company with respect to future events and are subject to certain risks, uncertainties and assumptions, including, but not limited to, the risk that the Company may not be able to implement its growth strategy in the intended manner, including the ability to identify, finance, complete and integrate acquisitions and joint venture opportunities, the ability to successfully restructure under-performing facilities, the ability to meet its capital requirements, the ability to adjust the conversion rate of certain series of its preferred stock, risks regarding currently unforeseen competitive pressures and risks affecting the Company's industry, such as increased regulatory compliance and changes in regulatory requirements, changes in payor reimbursement levels and the development of additional alternative treatment modalities and technological changes. In addition, the Company's business, operations and financial condition are subject to the risks, uncertainties and assumptions, which are described in the Company's reports and statements filed from time to time with the Securities and Exchange Commission. Should one or more of those risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein.
The information presented in the WallStreet Research report is not to be construed as an offer to sell, nor a solicitation of an offer to purchase, any securities referred to herein or otherwise. Alan Stone & Company, LLC, is engaged by the featured company to provide investor relations consulting and advisory services and receives compensation and fees, the complete terms of which are disclosed in the research report at www.wallstreetresearch.org. Alan Stone & Company, LLC may own shares, for investment purposes, in its corporate accounts, and may increase or decrease its positions at any time, without notice.