CreditRiskMonitor Announces 1Q Results

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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