QKL Stores Inc. Announces Fourth Quarter and Full Year 2011 Financial Results

QKL Stores Inc. (the "Company") (Nasdaq: QKLS - News), a leading regional supermarket chain in Northeastern China, today announced its financial results for the quarter ended December 31, 2011.

Fourth Quarter 2011 Financial Results

• Revenue in the fourth quarter of 2011 increased 20.9% to $103.7 million from $85.8 million in the fourth quarter of 2010.

• Gross profit increased 9.1% year over year to $16.8 million, compared to $15.4 million in the prior year period. Gross profit as a percentage of revenue for the fourth quarter of 2011 was 16.2%, compared to 18.0% for the fourth quarter of 2010.

• Fourth quarter 2011 net loss was approximately $(18.3) million, or $(0.60) per diluted share, compared with net income of $2.4 million, or $0.06 per diluted share, for the same period in 2010.

• As of December 31, 2011, the Company had $9.0 million in unrestricted cash and $11.0 million in short term bank loans, compared to $17.5 million as of December 31, 2010 and no debt or bank loans.

Full Year 2011 Financial Results

• Net sales increased by $72.1 million, or 24.2%, to $370.5 million for fiscal 2011 from $298.4 million for fiscal 2010.

• Gross profit increased by $10.8 million, or 20.4%, to $63.7 million, or 17.2% of net sales, in fiscal 2011 from $52.9 million, or 17.7% of net sales, in fiscal 2010.

• Net loss in fiscal 2011 was $(16.6) million compared with net income of $17.4 million in fiscal 2010. Excluding the impairment of goodwill and changes in the fair value of warrants, adjusted net income for fiscal 2011 decreased 72.7% to $2.6 million, or $0.07 per diluted share, from $9.6 million, or $0.24 per diluted share for fiscal 2010.

About QKL Stores Inc.:

Based in Daqing, China, QKL Stores, Inc. is a leading regional supermarket chain company operating in Northeastern China. QKL Stores sells a broad selection of merchandise, including groceries, fresh food, and non-food items, through its retail supermarkets, hypermarkets and department stores; the company also has its own distribution centers that service its supermarkets

Last Trade: 0.77 52 Week: 2.69 – 0.65 Market Cap: 24.14 Million

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Command Center Announces 2011 Results

Command Center, Inc (OTCQB:CCNI), a national provider of on-demand and temporary staffing solutions, today announced revenue of $81.92 million for the 52-week period ended December 30, 2011, an 18% increase on revenue of $69.44 million for the 53-week period ended December 31, 2010.

The company reported net income in 2011 of $853,903, or $.02 per basic and $.01 per diluted weighted average common share outstanding, as compared with a net loss of $1.56 million, or ($.03) per basic and diluted weighted average common share outstanding in the prior year. There were 51 branch stores operating in 23 states at the end of 2011 versus 50 stores at 2010 fiscal year end.

About Command Center, Inc.

The company provides flexible on-demand employment solutions to businesses in the United States, primarily in the areas of light industrial, hospitality and event services, as well as other assignments such as emergency and disaster relief projects.

Last Trade: 0.415 52 Wee: 0.51 – 0.17 Market Cap: 23.89 Million