Command Center, Inc. (OTC:CCNI, a national provider of on-demand, reliable labor solutions, today announced revenue of $4.30 million for the four-week reporting period of January 2011, compared with revenue of $3.48 million recorded in the comparable year-ago period. As I write, shares of Command Center are down slightly at $0.425 per share on light volume of 11,000 shares.There were 51 company-owned stores at the beginning of 2011, compared with 50 stores at the beginning of 2010.
“We are pleased with these results and excited about the early indication of new business opportunities,” said Command’s Chairman and CEO Glenn Welstad. “Just as we expected our staffing revenue to grow throughout 2010, we anticipate a further expansion of revenue streams and profitability in the current year, resulting from both organic growth and acquisitions that complement our business model.”
Mr. Welstad noted that January is historically the company’s slowest month due to major holiday periods and the weeks that are often the worst of the winter weather.
Commenting on the importance of temporary staffing in the current economic recovery, Mr. Welstad said the trend has been for more and more companies to hire “permanent temp workers” as part of their overall labor solutions, and “Command Center is well-positioned to accommodate their needs at the local level and, if needed, on a national scale.”
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.
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