Business Services Industry

Command Security Corporation Announces New $20 Million Revolving Credit Facility with Wells Fargo Business Credit

Business Wire, Feb 17, 2009

LAGRANGEVILLE, N.Y. -- Command Security Corporation (AMEX: MOC) today announced that it has entered into a new $20 million revolving credit facility with Wells Fargo Bank, National Association, acting through its Wells Fargo Business Credit operating division. This new credit facility, which matures in February 2012, contains customary affirmative and negative covenants, including, among other things, covenants requiring Command to maintain certain financial ratios. This new facility replaces Command's existing $16 million revolving credit facility with CIT Group/Business Credit, Inc. and will be used to refinance outstanding indebtedness under that facility, to pay fees and expenses in connection therewith and, thereafter, for working capital (including acquisitions), letters of credit and other general corporate purposes.

Edward S. Fleury, Command's Chief Executive Officer commented, "We are pleased to close this facility in such a difficult economic and financial environment. The financing commitment provided by Wells Fargo allows us to continue offering superior service to our customers while aggressively growing our business and expanding to new markets."

Barry I. Regenstein, Command's President added, "This transaction represents a strong affirmation of Command's strategic and financial plan. From a financing perspective, Wells Fargo is an ideal partner for Command that we hope will support our financing needs well into the future."

About Command Security Corporation

Command Security Corporation provides aviation and security services to protect buildings, assets and people through over thirty company-owned offices in fifteen states. We safeguard against theft, fraud, fire, intrusion, vandalism and the manifold threats that many of our customers 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 people to work in.

Forward-Looking Statements

This announcement 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. Actual results could differ materially from those projected in the forward-looking statements as a result of various factors including the ability of the Company to successfully commercialize its new technologies as well as risk factors set forth under "Risk Factors" in the Company's annual report on Form 10-K for the fiscal year ended March 31, 2008, and such other risks disclosed from time to time in the Company's periodic and other reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For more information concerning the Company, please refer to its website at www.commandsecurity.com and to the Edgar website www.sec.gov/edgar.shtml.>