Spokane Spokesman-Review (Washington) (04/11/12)
Command Center Inc., a Post Falls, WA-based staffing firm, plans
to restate its financial statements for 2010 and 2011 due to an
incorrect overstatement of prepaid insurance policy deposits,
according to a Form 8-K filed with the U.S. Securities and
Exchange Commission. Glenn Welstad, Command Center chairman and
chief executive, says, “The restatement does not reflect any
trends in Command’s business or any current or prospective
impact on the company’s results of operations; nor does it
impact compliance with our debt covenants.” The restatement
is expected to boost earnings per share for the third quarter of
2011 by $0.01, and the accumulated deficit for the period ended
Dec. 31, 2010, will rise by $716,000.
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