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Stock Market & Financial Investment News

News Breaks
March 19, 2014
09:10 EDTMOCCommand Security Corp invests $2.13M in Ocean Protection Services
Command Security Corporation announced that it has acquired a minority interest in Ocean Protection Services, or OPS, a UK based company specializing in armed maritime security, risk management and risk analysis. On March 14, Command Security Corporation invested $2.13M for a 20% ownership interest in a limited liability company that recently acquired OPS. As part of the agreement to purchase this 20% ownership interest, the company may acquire additional ownership interest. For the year ended December 31, 2013, OPS reported unaudited revenues of $18.4M. The company expects to account for its investment using the equity method of accounting for investments.
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