Andrew--"Not THAT bad... I'll give them another quarter before I pull the plug!" ---It's time to pull the plug!!>>Thursday September 11 10:54 AM EDT
Command Security To Incur Fiscal Second Quarter
Charge
COMMAND SECURITY CORP. To Incur Fiscal 1998 Second Quarter
Charge--
Ticker: CMMD (news)
Highlight: PFE
Date: 970911
Sept. 10, 1997, Command Security Corp. (CMMD) said it expects to record a charge of
approximately $765,000 or the second quarter of fiscal 1998 as a result of a bankruptcy filing by
one of its service company clients in Boston.
In addition, CMMD stated that there are accounts receivable valued at approximately $680,000
due to CMMD from the service client's customers and CMMD intends to aggressively pursue
collection of these accounts.
CMMD noted that "although the maximum impact on earnings for the current quarter and for the
year ending March, 1998, could be as much as $1,500,000, our current expectation is closer to
$1,000,000."
CMMD reported net income of $70,000, or $0.01 per share, for the second quarter of fiscal
1997. |
