Attached files
| file | filename |
|---|---|
| 8-K - HireQuest, Inc. | v199762_8k.htm |
| EX-10.1 - HireQuest, Inc. | v199762_ex10-1.htm |
|
INVESTOR
RELATIONS CONTACT:
|
FOR
IMMEDIATE
RELEASE
|
|
Market
Makers
|
|
|
Jimmy
Caplan
|
|
|
512-329-9505
|
|
|
jcap@austin.rr.com
|
COMMAND
CENTER ANNOUNCES APPOINTMENT OF
JEFF
R. MITCHELL AS CHIEF FINANCIAL OFFICER
Post
Falls, Idaho – October 21, 2010 – The board of directors of Command Center,
Inc. (OTCBB: CCNI), an emerging provider of on-demand, reliable labor solutions,
today announced it has appointed Jeff R. Mitchell, 44, a seasoned executive in
the staffing industry, to the position of Chief Financial Officer and as a
member of the board of directors.
Prior to
joining Command, Mr. Mitchell had served since September of 2005 as the CFO of
Select Staffing, a full-service national staffing company based in Santa
Barbara, California. In that role, he executed an aggressive growth strategy to
increase Select’s revenue to $1.7 billion from $400 million over a five-year
period. Mr. Mitchell was responsible for the financial modeling and evaluation
of each prospective acquisition for Select, which led to about 40 transactions
contributing $1.3 billion in revenue. He also coordinated the business plan and
credit agreements to re-capitalize the company numerous times through
traditional debt with various investment bankers including Goldman Sachs, BNP
Paribas and Bank of the West.
Mr.
Mitchell replaces Ralph E. Peterson, 76, who has resigned his position as CFO
but will continue with Command Center as Senior Vice President and as a member
of the board of directors.
“Obviously,
we are thrilled to have Jeff Mitchell, a respected and accomplished industry
executive, join the company as our CFO,” said Glenn Welstad, Command’s Chairman
and CEO. “We are confident that Jeff is the right person to guide and manage
Command’s financial resources, execute its plans for organic growth and
strategic acquisitions, and help build the company into a major industry player.
Everyone at the company shares my enthusiasm for Jeff’s involvement and our
future together.”
During
the ten years prior to assuming the CFO position at Select Staffing, Mr.
Mitchell served in executive positions of several companies in his home state of
Utah. He was CEO of Compensation Advisors LLC from October ’04 to September ’05
and served as COO/CFO and VP of Risk Management for Wasatch Property Management
and its subsidiary, Freedom Advisors LLC, from June ’03 to October ’04. Prior to
joining Wasatch, Mr. Mitchell had served from December ’98 through June ’03 as
Director of Financial Services (North America) and Controller (North & South
America) for a Rio Tinto subsidiary, Rio Tinto PLC & Kennecott Exploration
Company. Previously, he gained extensive audit experience while
servicing the clients of Price Waterhouse (now PricewaterhouseCoopers) in Salt
Lake City.
Commenting
on the change in CFOs, Mr. Welstad thanked Ralph E. Peterson for his friendship
and dedicated service to Command Center since the company’s inception in 2006,
first as a director and then later as its CFO as well. “Ralph has been gracious
to serve in this capacity until we identified and appointed a seasoned executive
like Jeff Mitchell to assume the responsibilities of CFO and expand our vision
of possibilities for growth at Command. Ralph was closely involved with the
process of choosing his successor, and we will continue to benefit from
Ralph’s active participation as Senior Vice President and as a board
member.”
About
Command Center, Inc.
The
Company provides on-demand employment solutions to businesses in the United
States, primarily in the areas of light industrial, disaster relief,
hospitality and event services. Additional information on Command Center is
available at www.commandonline.com.
This news
release contains forward-looking statements as defined by the Private Securities
Litigation Reform Act of 1995. Forward-looking statements include statements
concerning plans, objectives, goals, strategies, future events or performance,
and underlying assumptions and other statements that are other than statements
of historical facts. These statements are subject to uncertainties and risks
including, but not limited to, the severity and duration of the general economic
downturn, the availability of worker's compensation insurance coverage, the
availability of capital and suitable financing for the Company's activities, the
ability to attract, develop and retain qualified store managers and other
personnel, product and service demand and acceptance, changes in technology, the
impact of competition and pricing, government regulation, and other risks set
forth in the Form 10KSB filed with the Securities and Exchange Commission on
April 9, 2010 and in other statements filed from time to time with the
Securities and Exchange Commission. All such forward-looking statements, whether
written or oral, and whether made by or on behalf of the Company, are expressly
qualified by these cautionary statements and any other cautionary statements
which may accompany the forward-looking statements. In addition, the Company
disclaims any obligation to update any forward-looking statements to reflect
events or circumstances after the date hereof.