NEWS
      RELEASECompany
      Contact:Barry
      Regenstein, PresidentCommand
      Security Corporation845-454-3703
 COMMAND
SECURITY CORPORATION ANNOUNCES FINANCIAL RESULTS
 
 Annual
Revenues Increase 10% for Fiscal 2009
 
 Lagrangeville,
NY, June 26, 2009 -- Command Security Corporation (NYSE Amex: MOC) announced
today its financial and operating results for the fourth quarter and fiscal year
ended March 31, 2009.
 
 Revenues
for the three months ended March 31, 2009 increased 6.3% to $32,397,674,
compared with revenues of $30,480,867 in the same period of the prior
year.  Net loss was $123,326, or $.01 per basic and diluted share
compared with net income of $918,431, or $.09 and $.08 per basic and diluted
share, respectively, in the same period of the prior year.  Operating
income was $205,745, or .6%, compared to $625,011, or 2.1% in the same period of
the prior year.
 
 Revenues
for the fiscal year ended March 31, 2009 increased 9.6% to $130,813,244,
compared with revenues of $119,403,865 for the fiscal year ended March 31,
2008.  Net income decreased to $1,281,883, or $.12 and $.11 per basic
and diluted share, respectively, compared with $2,473,585, or $.23 and $.22 per
basic and diluted share, respectively, for the fiscal year ended March 31,
2008.  Operating income was $3,007,641, or 2.3%, compared to
$2,969,033, or 2.5% for the fiscal year ended March 31, 2008.
 
 Revenue
growth during the three months and fiscal year ended March 31, 2009 was
primarily attributable to the following events:
 
 ·
              The
      acquisitions of security services businesses in Florida and
      Maryland;
 ·
              The
      expansion of aviation services to new customers at Los Angeles
      International Airport in California, and John F. Kennedy International
      Airport and LaGuardia Airport in New
York;
 ·
              The
      expansion of security services to new and existing customers, including a
      major medical center, a New York based hospital and a major international
      commercial bank;
 ·
              A
      new contract with a large grocery market distribution center in
      California; and
 ·
              A
      new contract with a company that provides merchandising and distribution
      centers to a major grocery retailer in New
  Jersey.
   
 
 The
decrease in net income for the three months and fiscal year ended March 31,
2009, compared to the corresponding periods of the prior fiscal year was
primarily attributable to a higher effective tax rate in the current year period
primarily resulting from the recognition of deferred tax assets in the fiscal
year ended March 31, 2008.
 
 Commenting
on the fiscal 2009 results, Edward S. Fleury, Chief Executive Officer of Command
Security, stated “Our experienced management team has been proactive in
implementing financial and operational programs in this challenging economic
environment.  In addition to continuing to meet our top-line goals, we
have and will continue to maintain our disciplined approach towards cost and
expense management.  We are managing the business prudently and making
decisions for sustained success over the long-term, including, for example, by
investing in sales and back-office efficiencies, continuing to expand our
geographic footprint and utilizing customer capacity reductions as an
opportunity to reduce overtime.  We are doing all of this without
compromising the quality of our service delivery and we are confident we will
emerge from this downturn as a stronger force in the industry.”
 
 Barry I.
Regenstein, President of Command Security, stated, “Our focus on managing
working capital across the business and the commitment of an expanded revolving
credit facility continues to provide the resources to implement our strategy of
expanding through organic growth and selective strategic
acquisitions.”
 
 About Command Security
Corporation
 
 Command
Security Corporation provides security and aviation services to protect
buildings, assets and people through over forty company-owned offices in
eighteen states and to more than 100 of the largest domestic and international
airlines, airports, airport authorities and the general aviation
community.  We safeguard against theft, fraud, fire, intrusion,
vandalism and the manifold threats that many of our customer’s are facing
today.  Partnering with each client, we design programs customized to
meet specific security needs and solve problems.  We bring years of
expertise, including sophisticated systems for hiring, training, supervision and
oversight, backed by cutting-edge technology, to every situation that our
clients face involving security.  Our mission is to enable businesses
to operate without disruption or loss, and to create safe environments for our
customer’s people and their employees.  For more information
concerning the Company, please refer to its website at www.commandsecurity.com.
 
 Forward-Looking
Statements
  This
announcement by Command Security Corporation (referred to herein as the
“Company”) contains forward-looking statements within the meaning of Section 27A
of the Securities Act of 1933, Section 21E of the Securities Exchange Act of
1934, and within the meaning 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, 2009, filed with the Securities and Exchange Commission,
and such other risks disclosed from time to time in the Company’s periodic and
other reports filed with the Securities and Exchange Commission.  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
Securities and Exchange Commission, which are publicly available at the
Securities and Exchange Commission’s website at www.sec.gov/edgar.shtml.
 
   
 
 COMMAND
SECURITY CORPORATION
 
 Three
      Months Ended
                    March
      31,
                    (Audited)
                  
                  
                  Fiscal
      Year Ended
                    March
      31,
                    (Audited)2009
                  
                  
                  2008
                  
                  
                  2009
                  
                  
                  2008Revenues
                  
                  $
                  32,397,674
                  
                  
                  $
                  30,480,867
                  
                  
                  $
                  130,813,244
                  
                  
                  $
                  119,403,865Operating
      income
                  
                  
                  205,745
                  
                  
                  
                  625,011
                  
                  
                  
                  3,007,641
                  
                  
                  
                  2,969,033Other
      expense
                  
                  
                  124,932
                  
                  
                  
                  141,580
                  
                  
                  
                  461,619
                  
                  
                  
                  655,448Provision
      (benefit) for income taxes
                  
                  
                  204,139
                  
                  
                  
                  (435,000
                  )
                  
                  
                  1,264,139
                  
                  
                  
                  (160,000
                  )Net
      income (loss)
                  
                  $
                  (123,326
                  )
                  
                  $
                  918,431
                  
                  
                  $
                  1,281,883
                  
                  
                  $
                  2,473,585Net
      income (loss) per common share
                    Basic
                  
                  $
                  (0.01
                  )
                  
                  $
                  0.09
                  
                  
                  $
                  0.12
                  
                  
                  $
                  0.23Diluted
                  
                  $
                  (0.01
                  )
                  
                  $
                  0.08
                  
                  
                  $
                  0.11
                  
                  
                  $
                  0.22Weighted
      average number of common shares outstanding
                    Basic
                  
                  
                  10,772,613
                  
                  
                  
                  10,733,797
                  
                  
                  
                  10,772,613
                  
                  
                  
                  10,733,797Diluted
                  
                  
                  11,364,821
                  
                  
                  
                  11,536,283
                  
                  
                  
                  11,391,047
                  
                  
                  
                  11,383,985
 
 
 Balance
      Sheet Highlights
              
              March
      31, 2009
              
              
              March
      31, 2008(Audited)
              
              
              (Audited)Cash
              
              $
              177,011
              
              
              $
              146,782Accounts
      receivable
              
              
              21,603,826
              
              
              
              20,097,835Total
      current assets
              
              
              25,898,164
              
              
              
              24,835,531Total
      assets
              
              
              34,265,035
              
              
              
              32,786,449Total
      current liabilities
              
              
              18,792,120
              
              
              
              18,738,495Short-term
      debt
              
              
              11,006,134
              
              
              
              8,758,334Total
      liabilities
              
              
              19,543,467
              
              
              
              19,426,700Stockholders’
      equity
              
              
              14,721,568
              
              
              
              13,359,749Total
      liabilities and stockholders’ equity
              
              $
              34,265,035
              
              
              $
              32,786,449