Command Center, Inc. (OTCQB: CCNI) (http://www.otcmarkets.com/stock/CCNI/quote), a national provider of on-demand and temporary staffing solutions, today announced revenue of $7.43 million for the four-week reporting period of May 2012, a 12.6% increase on revenue of $6.59 million recorded in May 2011. There were 52 company-owned stores in May, as compared with 53 stores one year ago.
“We are pleased with the steady monthly increases in average revenue per branch office, along with the ability to maintain healthy margins,” said Chairman and CEO Glenn Welstad. “The staffing industry continues to be strong during these times of economic uncertainty, and Command is well-positioned to capitalize on a growing number of opportunities. These include larger work orders we expect through our Bakken Staffing and Disaster Recovery Services divisions, as well as intensified focus on new accounts at the branch level.”
Mr. Welstad noted that, in a report recently issued by Staffing Industry Analysts, Command Center’s Q1 revenue growth of 16.6% was sixth-highest among the 28 public staffing companies that SIA covers. Also, Command showed the single largest increase in gross margin among those staffing companies during the first quarter, improving to 24.3% from 19.6%. “After many of the adjustments we had made internally following Q1 ’11, it is gratifying to see that the company was a top-tier performer in our sector in Q1 ’12. I believe we can continue to be one of the staffing industry’s better-performing companies with respect to sales and margin growth, with improved operating results in subsequent quarters.”
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 April 9, 2012 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.