Daily News

View All News

Command Center rebrands as HireQuest Inc., changes ticker symbol

September 10, 2019

Command Center Inc. (NASD: CCNI), a Colorado-based industrial staffing firm, received Nasdaq approval to continue to continue trading on Nasdaq as HireQuest Inc., and to trade its common stock under the new ticker symbol “HQI,” effective Sept. 11.

The company acquired industrial staffing provider Hire Quest Holdings LLC in a deal that closed July 15. Command Center first announced the transaction in April.

Also effective Wednesday, Command Center will change its state of incorporation from Washington to Delaware, and its corporate name will become HireQuest Inc.

The company said the name and ticker changes are part of a corporate and franchise rebranding strategy. Hire Quest operates as Trojan Labor and Acrux Staffing, which provide light industrial and administrative staffing. Hire Quest operated primarily as a franchise model and Command Center plans to convert its branches to the franchise model.

Shareholders approved the actions at the company’s annual meeting on July 10.

“While Hire Quest has traditionally operated under the names Trojan Labor and Acrux Staffing, we see the culmination of the merger with Command Center as the opportune time to place all operations under the common banner of HireQuest,” said President and CEO Rick Hermanns.

Command Center began trading on Nasdaq last year. Last month, it reported second-quarter revenue rose 2.7% year over year to $24.8 million, and gross margin improved to 26.4%.

Comments

Add New Comment

Post comment

NOTE: Links will not be clickable.