Command Center Reports Second Quarter Financial Results
COMMAND CENTER (CCNI)
NASDAQ:AMEX Investor Relations:
irdirect.net/ccni
Company Research
Source: Business Wire
Updates Progress on Shift to Franchise Model DENVER--(BUSINESS WIRE)--Command Center, Inc. (Nasdaq: CCNI), a national provider of on-demand and temporary staffing solutions, today reported financial results for the second quarter ended June 28, 2019. On July 15, subsequent to the end of the quarter, Command Center closed its merger agreement (“Merger Agreement”) with Hire Quest Holdings, LLC, operating as Trojan Labor and Acrux Staffing, a privately held provider of blue collar, light industrial and administrative staffing, in an all-stock transaction.“We have made significant progress in the few short weeks since the closing of the merger to convert branches to the franchise model,” commented Rick Hermanns, Command Center’s President and Chief Executive Officer. “Approximately half of the Command Center branches have been converted, and the remaining are expected to be converted once state regulatory approval is granted, which is expected before the end of 2019. While good progres
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