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Command Security Corporation Reports Financial Results For Three Months And Fiscal Year Ended March 31, 2013

Command Security Corporation (NYSE MKT: MOC) today reported its financial results for its fourth fiscal quarter and fiscal year ended March 31, 2013.

Revenues for the three months ended March 31, 2013, were $37,482,094, compared with revenues of $34,879,445 in the same period of the prior fiscal year, an increase of 7.5%. Operating loss for the three months ended March 31, 2013 was $281,867 compared with an operating loss of $1,151,934 in the same period of the prior fiscal year. Net loss for the three months ended March 31, 2013, was $417,874 or $0.05 and $0.04 loss per basic and diluted share, respectively, compared with a net loss of $805,620 or $0.08 loss per basic and diluted share, in the same period of the prior fiscal year.

Revenues for the fiscal year ending March 31, 2013, were $150,218,967, compared with revenues of $141,558,169 for the fiscal year ended March 31, 2012, an increase of 6.1%. Operating income for the fiscal year ended March 31, 2013, was $1,669,153, or 1.1% of revenue, compared with operating income of $980,091, or 0.7% of revenue, in the prior fiscal year. Net income for the fiscal year ended March 31, 2013 was $496,320, or $0.05 per basic and diluted share, compared with $140,760, or $0.01 per basic and diluted share, in the same period of the prior fiscal year.

Adjusted operating income* for the three months ended March 31, 2013, was $532,217, or 1.4% of revenue, compared with a loss of $1,151,934, or 3.3% of revenue, in the same period of the prior fiscal year.

Adjusted operating income* for the fiscal year ended March 31, 2013, was $3,532,055, or 2.4% of revenue, compared with $980,091, or 0.7% of revenue, in the prior fiscal year. Adjusted net income* for the fiscal year ended March 31, 2013, was $1,097,753, or $0.11 per adjusted diluted share*, compared with $140,760, or $0.01 per diluted share, in the same period of the prior fiscal year.

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