Command Security Corporation – Aviation Safeguards Announces $23 Million Contract Award With LaGuardia Gateway Partners for LaGuardia Airport New Central Terminal Building
HERNDON, Va., April 23, 2018 (GLOBE NEWSWIRE) -- Command Security Corporation (NYSE MKT:MOC) through its Aviation Safeguards Division today announced the award of a new five-year contract to provide security and merchandise screening services for LaGuardia Gateway Partners at the new LaGuardia Airport Central Terminal Building. Total revenues associated with this award are estimated to be approximately $23.0 million over the five year (5) contract period. Work under the contract will commence on or about June 1, 2018.
“We are extremely pleased with this contract award opportunity. Our Aviation Safeguards Division has been providing services to LaGuardia Airport since 2005. This work is directly in line with our aviation vertical growth initiatives, and highlights the success of our efficient, innovative, and value added industry offerings” said Joseph Conlon, Vice President of Command Security Corporation’s Aviation Safeguards Division.
About Command Security Corporation
Command Security Corporation and its Aviation Safeguards division provide uniformed security officers and aviation security services to commercial, financial, industrial, aviation and governmental customers throughout the United States. As our credo states “Securing All You Value,” we safeguard against theft, fraud, fire, intrusion, vandalism and the many other threats that our customers are facing today. By partnering with each customer, we design programs customized to meet their specific security needs and address their particular concerns. We bring years of expertise, including sophisticated systems for hiring, training, supervision and oversight, backed by cutting-edge technology, to every situation that our customers face involving security. Our mission is to enable our customers to operate their businesses without disruption or loss, and to create safe environments for their employees. For more information concerning our company, please refer to our website at www.commandsecurity.com.
This announcement by the Company contains forward-looking statements within the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 about the Company that are based on management’s assumptions, expectations and projections about the Company. Such forward-looking statements by their nature involve a degree of risk and uncertainty. The Company cautions that actual results of the Company could differ materially from those projected in the forward-looking statements as a result of various factors, including but not limited to the factors described under the heading “Risk Factors” in the Company’s most recent Annual Report on Form 10-K for the fiscal year ended March 31, 2017 filed with the U.S. Securities and Exchange Commission (the “SEC”), and such other risks disclosed from time to time in the Company’s periodic and other reports filed with the SEC. You should consider the areas of risk described above in connection with any forward-looking statements that may be made by the Company. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. You are advised, however, to consult any additional disclosures the Company makes in proxy statements, quarterly reports on Form 10-Q, annual reports on Form 10-K and current reports on Form 8-K filed with the SEC.
N. Paul Brost
Chief Financial Officer
Command Security Corporation
Released April 23, 2018