NEWS
RELEASE











Company
Contact:


Barry
Regenstein, President


Command
Security Corporation


845-454-3703





COMMAND
SECURITY CORPORATION ANNOUNCES FINANCIAL RESULTS





Annual
Revenues Increase 11% and Net Income Increases 27%


For
Fiscal 2010





Lagrangeville,
NY, June 23, 2010 — Command Security Corporation
(NYSE Amex: MOC) announced today its financial and operating results for the
fourth quarter and fiscal year ended March 31, 2010.





Revenues
for the three months ended March 31, 2010 increased 9.8% to $35,559,206,
compared with revenues of $32,397,674 in the same period of the prior
year.  Net income was $181,192, or $.02 per basic and diluted share
compared with a net loss of $123,326, or $.01 per basic and diluted share,
respectively, in the same period of the prior year.  Operating income was
$677,176, or 1.9%, compared to $205,745, or .6% in the same period of the prior
year.





Revenues
for the fiscal year ended March 31, 2010 increased 11.4% to $145,694,630,
compared with revenues of $130,813,244 for the fiscal year ended March 31,
2009.  Net income increased to $1,631,639, or $.15 per basic and diluted
share compared with $1,281,883, or $.12 and $.11 per basic and diluted share,
respectively, for the fiscal year ended March 31, 2009.  Operating income
was $3,704,251, or 2.5%, compared to $3,007,641, or 2.3% for the fiscal year
ended March 31, 2009.





Revenue
growth during the three months and fiscal year ended March 31, 2010 was
primarily attributable to the following events:





·
            The
      commencement of security services during the first quarter of fiscal 2010
      under a new contract to provide such services to a major transportation
      company at approximately 120 locations in twenty-one states throughout the
      eastern and western regions of the United
  States;


·
            Expansion
      of security services provided to new and existing customers, including
      several of the nation’s largest banks, a large grocery market distribution
      center in California, a company that provides merchandising and
      distribution services to a major grocery retailer in New Jersey, a world
      leader in electronic design automation and a worldwide innovative
      technology company; and


·
            The
      acquisition of two security services
      businesses in Florida.








Commenting
on the fiscal 2010 results, Edward S. Fleury, Chief Executive Officer of Command
Security, stated “We are encouraged with recent trends as reflected in our
financial results in the fourth quarter, which included positive comparable
sales, effective cost management and earnings growth.  We continue to focus
on strategically positioning the Company for growth and additional market
penetration expected to result from prudently investing in sales &
marketing, technology and acquisitions.  Heading into fiscal 2011, we
remain focused on investing across our business to better serve our customers
which, in turn, will drive superior financial performance over the long
term.”





Barry I.
Regenstein, President of Command Security, stated, “As we move into fiscal 2011,
we are better positioned to respond to market opportunities and move the Company
towards reaching higher profitability.  We remain focused on carefully
managing our costs, achieving gross margin improvement and maintaining adequate
liquidity to effectively manage our business regardless of the market
direction.”





About Command Security
Corporation





Command
Security Corporation provides uniformed security officers,
aviation security services and support security services to commercial,
financial, industrial, aviation and governmental customers throughout the United
States.  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.





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, 2010, 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)2010
                  
                  
                  2009
                  
                  
                  2010
                  
                  
                  2009Revenues
                  
                  $
                  35,559,206
                  
                  
                  $
                  32,397,674
                  
                  
                  $
                  145,694,630
                  
                  
                  $
                  130,813,244Operating
      income
                  
                  
                  677,176
                  
                  
                  
                  205,745
                  
                  
                  
                  3,704,251
                  
                  
                  
                  3,007,641Other
      expense
                  
                  
                  96,984
                  
                  
                  
                  124,932
                  
                  
                  
                  446,912
                  
                  
                  
                  461,619Provision
      for income taxes
                  
                  
                  399,000
                  
                  
                  
                  204,139
                  
                  
                  
                  1,625,700
                  
                  
                  
                  1,264,139Net
      income (loss)
                  
                  $
                  181,192
                  
                  
                  $
                  (123,326
                  )
                  
                  $
                  1,631,639
                  
                  
                  $
                  1,281,883Net
      income (loss) per common shareBasic
                  
                  $
                  0.02
                  
                  
                  $
                  (0.01
                  )
                  
                  $
                  0.15
                  
                  
                  $
                  0.12Diluted
                  
                  $
                  0.02
                  
                  
                  $
                  (0.01
                  )
                  
                  $
                  0.15
                  
                  
                  $
                  0.11Weighted
      average number of common shares outstandingBasic
                  
                  
                  10,872,098
                  
                  
                  
                  10,772,613
                  
                  
                  
                  10,848,375
                  
                  
                  
                  10,772,613Diluted
                  
                  
                  11,183,393
                  
                  
                  
                  11,364,821
                  
                  
                  
                  11,210,831
                  
                  
                  
                  11,391,047





Balance Sheet Highlights
                    
                    March 31, 2010
                    
                    
                    March 31, 2009(Audited)
                    
                    
                    (Audited)Cash
                    
                    $
                    1,211,948
                    
                    
                    $
                    177,011Accounts
      receivable
                    
                    
                    23,131,801
                    
                    
                    
                    21,603,826Total
      current assets
                    
                    
                    28,540,443
                    
                    
                    
                    25,898,164Total
      assets
                    
                    
                    36,715,081
                    
                    
                    
                    34,265,035Total
      current liabilities
                    
                    
                    19,116,985
                    
                    
                    
                    18,792,120Short-term
      debt
                    
                    
                    10,995,744
                    
                    
                    
                    11,006,134Total
      liabilities
                    
                    
                    19,931,846
                    
                    
                    
                    19,543,467Stockholders’
      equity
                    
                    
                    16,783,235
                    
                    
                    
                    14,721,568Total
      liabilities and stockholders’ equity
                    
                    $
                    36,715,081
                    
                    
                    $
                    34,265,035