Shares of Command Security Corp. (Amex: MOC) were up 10 cents (3 percent) to $3.10 per share in mid-day trading. It’s been a very exciting June for the aviation and security officer services company after ringing the opening bell on the Amex exchange earlier this month.
“We are pleased to welcome Command Security Corporation to the American Stock Exchange,” said John McGonegal – senior VP of the Amex Equities Group – in a press release. “We look forward to working with a growing company like Command Security and providing them with the solid support and services that are essential in today’s competitive marketplace.”
Command Security has grown since its establishment in 1980 from a regional security service company to one with national capabilities and locations. At the same time, Aviation Safeguards, founded in 1979, developed as a company focused on the airline industry and came under the Command banner in 1995.
According to the company’s latest 10-Q for the three and nine month periods ended Dec. 31, 2006, Command Security had solid revenues reporting $24.1 million, compared to $21.4 million for the year ago quarter. The company is also profitable, reporting net income of $225,341, or 2 cents per share, compared to $301,147, or 3 cents per share, in the year ago period.
Command Security provides aviation and security officer services through over 30 company-owned offices in California, Connecticut, Delaware, Florida, Illinois, Maine, Maryland, Massachusetts, Nevada, New Jersey, New York, Oregon, Pennsylvania and Washington.