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CreditRiskMonitor Announces 1Q Results

(May 10, 2012)

VALLEY COTTAGE, NY -- (Marketwire) -- 05/10/12 -- CreditRiskMonitor (OTCQB: CRMZ) (PINKSHEETS: CRMZ) reported that revenues increased 8% to $2.65 million for the 3 months ended March 31, 2012 compared to $2.44 million in last year's first quarter. Operating income for the quarter was $83,000, down from $219,000 in the prior year period. Cash and marketable securities increased $383,000 since 2011 year-end, to nearly $8.7 million.

Jerry Flum, CEO, said, "The Company continues to invest in building its sales and service staff, enhancing infrastructure, adding new data, and creating new tools for subscribers. For example, we added a new suite of reporting and analysis features to our service, creating a new reason for more of our subscribers to contribute their accounts receivable ("A/R") files to CRMZ. Adding more of this proprietary A/R data makes our credit reports on both public and private companies more useful. We believe that these and similar uses of cash will enhance our long-term results, but the increased expenses penalize our profitability in the short term."

CREDITRISKMONITOR.COM, INC. STATEMENTS OF OPERATIONS FOR THE 3 MONTHS ENDED MARCH 31, 2012 AND 2011 (Unaudited) 2012 2011 ----------- ----------- Operating revenues $ 2,645,255 $ 2,439,961 ----------- ----------- Operating expenses: Data and product costs 926,745 833,927 Selling, general and administrative expenses 1,597,360 1,345,513 Depreciation and amortization 38,141 41,222 ----------- ----------- Total operating expenses 2,562,246 2,220,662 ----------- ----------- Income from operations 83,009 219,299 Other income (expense), net (2,811) 1,551 ----------- ----------- Income before income taxes 80,198 220,850 Provision for income taxes (32,144) (91,439) ----------- ----------- Net income $ 48,054 $ 129,411 =========== =========== Net income per common share of stock: Basic $ 0.01 $ 0.02 =========== =========== Diluted $ 0.01 $ 0.02 =========== =========== Weighted average number of common shares outstanding: Basic 7,939,165 7,899,462 Diluted 8,216,064 8,363,268 CREDITRISKMONITOR.COM, INC. BALANCE SHEETS MARCH 31, 2012 AND DECEMBER 31, 2011 March 31, Dec. 31, 2012 2011 ------------- ------------- (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 6,917,136 $ 6,531,204 Marketable securities 1,749,940 1,753,072 Accounts receivable, net of allowance 1,861,744 1,551,213 Other current assets 390,581 451,143 ------------- ------------- Total current assets 10,919,401 10,286,632 Property and equipment, net 294,519 306,810 Goodwill 1,954,460 1,954,460 Other assets 54,287 23,232 ------------- ------------- Total assets $ 13,222,667 $ 12,571,134 ============= ============= LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Deferred revenue $ 7,400,978 $ 6,471,494 Accounts payable 72,743 60,941 Accrued expenses 657,830 1,087,163 Deferred taxes on income 189,529 157,385 ------------- ------------- Total current liabilities 8,321,080 7,776,983 Other liabilities 4,288 3,714 ------------- ------------- Total liabilities 8,325,368 7,780,697 ------------- ------------- Stockholders' equity: Preferred stock, $.01 par value; authorized 5,000,000 shares; none issued - - Common stock, $.01 par value; authorized 25,000,000 shares; issued and outstanding 7,943,462 and 7,920,462 shares, respectively 79,434 79,204 Additional paid-in capital 28,656,257 28,597,679 Accumulated deficit (23,838,392) (23,886,446) ------------- ------------- Total stockholders' equity 4,897,299 4,790,437 ------------- ------------- Total liabilities and stockholders' equity $ 13,222,667 $ 12,571,134 ============= =============


Overview

CreditRiskMonitor (http://www.crmz.com) is an Internet-based publisher of financial information, designed to save time for busy corporate credit professionals that competes with Dun & Bradstreet, Equifax and Experian.

Safe Harbor Statement

Certain statements in this press release, including statements prefaced by the words "anticipates," "estimates," "believes," "expects" or words of similar meaning, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, expectations or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, including, among others, those risks, uncertainties and factors referenced from time to time as "risk factors" or otherwise in the Company's Registration Statements or Securities and Exchange Commission Reports. We disclaim any intention or obligation to revise any forward-looking statements, whether as a result of new information, a future event, or otherwise.

CONTACT:
CreditRiskMonitor.com, Inc.
Jerry Flum
CEO
(845) 230-3030
info@creditriskmonitor.com


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