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Technology Stocks : Command Systems, Inc. (CMND) -- Ignore unavailable to you. Want to Upgrade?

To: Sultan who wrote (1200)	8/2/1998 2:25:00 AM
From: P. Ramamoorthy	Read Replies (1) \| Respond to of 1956

Sultan - Well said, Sultan. Ram

To: Sultan who wrote (1200)	8/2/1998 3:40:00 AM
From: Big Dog	Read Replies (1) \| Respond to of 1956

Repost--FARMINGTON, Conn., April 28 /PRNewswire/ -- Command Systems, Inc. (NASDAQ:CMND) today announced financial results for its first quarter ended March 31, 1998. Revenues totaled $7,934,000, a 54% increase compared with revenues of $5,144,000 for the 1997 first quarter. Pretax income for the 1998 first quarter was $559,000, as compared with a loss of $214,000 a year ago. Net income was $455,000 against a loss of $271,000 for the comparable 1997 period. Earnings per share (basic) were $.04 versus a loss of $.06 in the 1997 first quarter. Earnings per share, assuming full dilution, improved to $.04 from a loss of $.06 for the same period last year. Edward G. Caputo, Chairman, President and CEO, said, "This was Command Systems' first quarter as a public company, and we are pleased with our performance. Our revenue continued to grow as a result of increased Year 2000 and staff augmentation business, and our earnings improved on the higher volume and as a reflection of higher-margin, value-added project business. Our gross profit margin increased to 35.6% from 25.2% in the same period last year." "The recent investments we have made in our sales and delivery systems are positioning the Company to shift an increasing percentage of its business focus from IT staff augmentation to a project orientation," Caputo continued.

To: Sultan who wrote (1200)	8/2/1998 8:40:00 AM
From: JDN	Respond to of 1956

To Sultan and all: I have RECEIVED the ORIGINAL copy of the PRESS RELEASE which was made available to newswires. It contains a full income statement, balance sheet and some management comments, though not as much as I would have liked. I dont think there is anything in their comments that we havent discussed but if I have time Monday or even possibly later today, I will try and type here the verbage section or at least parts of it. While the company only broke even for the quarter, I am heartened by the substantial revenue %age increases both for the quarter and the 6 months periods. As to why their Gross Margins and profits didnt do likewise, I do not know for sure as its not detailed in the Release, but it is quite possible, especially linked with the Jobs postings we have seen, that they are in the Ramp up stage and hiring costs are keeping margins down. JDN