CreditRiskMonitor Announces 2012 Operating Results

VALLEY COTTAGE, NY -- (Marketwire) -- 03/14/13 -- CreditRiskMonitor (OTCQX: CRMZ) reported that for the year ended December 31, 2012 revenues increased 9% to $11.06 million compared to fiscal 2011, while income from operations was $0.97 million versus $1.21 million in the prior year. Cash, cash equivalents and marketable securities at the end of 2012 decreased $0.14 million, after the payment of a cash dividend of $1.59 million in the fourth quarter of 2012, to $8.15 million from the 2011 year-end balance of $8.28 million.

Jerry Flum, CEO, said, "Our profits are down despite growing sales as the Company continues to invest in an enhanced infrastructure and additional content, which is in addition to strengthening our sales and customer service staffs. These strategic investments adversely impact our short-term results, but we strongly believe they will enhance our long-term prospects. We continue to be debt-free and our strong balance sheet provides us with financial flexibility to manage our company to achieve our long-term goals."



                        CREDITRISKMONITOR.COM, INC.
                            STATEMENTS OF INCOME
               FOR THE YEARS ENDED DECEMBER 31, 2012 AND 2011

                                                     2012          2011
                                                 ------------  ------------

Operating revenues                               $ 11,062,619  $ 10,154,200

Operating expenses:
  Data and product costs                            3,731,218     3,310,779
  Selling, general and administrative expenses      6,206,917     5,468,802
  Depreciation and amortization                       150,069       162,482
                                                 ------------  ------------

    Total operating expenses                       10,088,204     8,942,063
                                                 ------------  ------------

Income from operations                                974,415     1,212,137
Other income, net                                      21,945        98,592
                                                 ------------  ------------

Income before income taxes                            996,360     1,310,729
Provision for income taxes                           (466,543)     (402,140)
                                                 ------------  ------------

Net income                                       $    529,817  $    908,589
                                                 ============  ============

Net income per share of common stock:

  Basic                                          $       0.07  $       0.11
                                                 ============  ============

  Diluted                                        $       0.06  $       0.11
                                                 ============  ============



                        CREDITRISKMONITOR.COM, INC.
                               BALANCE SHEETS
                         DECEMBER 31, 2012 AND 2011

                                                     2012          2011
                                                 ------------  ------------
ASSETS
Current assets:
  Cash and cash equivalents                      $  6,422,458  $  6,531,204
  Marketable securities                             1,725,633     1,753,072
  Accounts receivable, net of allowance of
   $30,000                                          1,776,151     1,551,213
  Other current assets                                548,838       451,143
                                                 ------------  ------------

    Total current assets                           10,473,080    10,286,632

Property and equipment, net                           260,438       306,810
Goodwill                                            1,954,460     1,954,460
Other assets                                           21,970        23,232
                                                 ------------  ------------

    Total assets                                 $ 12,709,948  $ 12,571,134
                                                 ============  ============

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
  Deferred revenue                               $  6,978,797  $  6,471,494
  Accounts payable                                     44,097        60,941
  Accrued expenses                                  1,161,498     1,087,163
                                                 ------------  ------------

    Total current liabilities                       8,184,392     7,619,598

Deferred taxes on income                              591,355       157,385
Other liabilities                                       5,190         3,714
                                                 ------------  ------------

    Total liabilities                               8,780,937     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
   7,946,462 and 7,920,462 shares, respectively        79,464        79,204
  Additional paid-in capital                       28,795,496    28,597,679
  Accumulated deficit                             (24,945,949)  (23,886,446)
                                                 ------------  ------------

    Total stockholders' equity                      3,929,011     4,790,437
                                                 ------------  ------------

    Total liabilities and stockholders' equity   $ 12,709,948  $ 12,571,134
                                                 ============  ============

Overview

CreditRiskMonitor (http://www.crmz.com) is an Internet-based publisher of financial risk analysis and news, designed to save time for busy corporate credit and procurement/supply-chain professionals and competes with Dun & Bradstreet. The service offers comprehensive commercial credit reports covering over 40,000 public companies worldwide. Over 30% of the Fortune 1,000 already use CreditRiskMonitor's timely news alerts and reports that feature detailed analyses of financial statements, ratio analysis and trend reports, peer analyses, as well as the Company's proprietary FRISKĀ® scores.

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
ir@crmz.com

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