CRMZ Credit Risk Monitor Com Inc (QX)

CreditRiskMonitor (OTCQX: CRMZ) reported that revenues increased 7% and 8% to $2.93 million and $5.80 million for the 3 and 6 months ended June 30, 2013, respectively, compared to prior year periods. For the same periods, income from operations was $109,700 and $168,300, respectively, compared to $199,200 and $282,200 for the comparable 2012 periods. Cash, cash equivalents and marketable securities at the end of the six-month period increased $809,000 to $8.96 million versus the 2012 year-end balance of $8.15 million.

Jerry Flum, CEO, said, "Sales are still growing in spite of the current economic environment. However, our short-term results continue to be adversely impacted by the continuing cost of building our infrastructure, adding new data elements and creating new tools for subscribers. Although this strategy impacts profitability in the short-term, we believe our long-term prospects are enhanced. Our balance sheet continues to be strong, thus allowing us the flexibility of managing our company toward the long-term goal of creating greater shareholder value."

                        CREDITRISKMONITOR.COM, INC.
                          STATEMENTS OF OPERATIONS
            FOR THE 3 AND 6 MONTHS ENDED JUNE 30, 2013 AND 2012
                                (Unaudited)

                        3 Months Ended                6 Months Ended
                           June 30,                      June 30,
                 ----------------------------  ----------------------------
                      2013           2012           2013           2012
                 -------------  -------------  -------------  -------------
Operating
 revenues        $   2,933,752  $   2,740,227  $   5,799,259  $   5,385,482
                 -------------  -------------  -------------  -------------

Operating
 expenses:
  Data and
   product costs     1,136,238        936,411      2,172,966      1,863,156
  Selling,
   general and
   administrative
   expenses          1,652,682      1,566,213      3,387,410      3,163,572
  Depreciation
   and
   amortization         35,117         38,415         70,553         76,556
                 -------------  -------------  -------------  -------------

    Total
     operating
     expenses        2,824,037      2,541,039      5,630,929      5,103,284
                 -------------  -------------  -------------  -------------
Income from
 operations            109,715        199,188        168,330        282,198
Other income
 (expense), net        (36,069)        15,428        (42,430)        12,616
                 -------------  -------------  -------------  -------------

Income before
 income taxes           73,646        214,616        125,900        294,814
Provision for
 income taxes          (29,293)       (97,735)       (49,944)      (129,879)
                 -------------  -------------  -------------  -------------

Net income       $      44,353  $     116,881  $      75,956  $     164,935
                 =============  =============  =============  =============

Net income per
 share:
  Basic and
   diluted       $        0.01  $        0.01  $        0.01  $        0.02
                 =============  =============  =============  =============



                        CREDITRISKMONITOR.COM, INC.
                               BALANCE SHEETS
                    JUNE 30, 2013 AND DECEMBER 31, 2012

                                                  June 30,       Dec. 31,
                                                    2013           2012
                                               -------------  -------------
                                                (Unaudited)
ASSETS
Current assets:
  Cash and cash equivalents                    $   7,297,992  $   6,422,458
  Marketable securities                            1,658,666      1,725,633
  Accounts receivable, net of allowance            1,077,151      1,776,151
  Other current assets                               728,251        548,838
                                               -------------  -------------

    Total current assets                          10,762,060     10,473,080

Property and equipment, net                          285,465        260,438
Goodwill                                           1,954,460      1,954,460
Prepaid and other assets                              38,951         21,970
                                               -------------  -------------

    Total assets                               $  13,040,936  $  12,709,948
                                               =============  =============

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
  Deferred revenue                             $   7,190,539  $   6,978,797
  Accounts payable                                   118,178         44,097
  Accrued expenses                                 1,053,161      1,161,498
                                               -------------  -------------

    Total current liabilities                      8,361,878      8,184,392

Deferred taxes on income                             591,355        591,355
Other liabilities                                      5,475          5,190
                                               -------------  -------------

    Total liabilities                              8,958,708      8,780,937
                                               -------------  -------------

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 shares                                   79,464         79,464
  Additional paid-in capital                      28,872,757     28,795,496
  Accumulated deficit                            (24,869,993)   (24,945,949)
                                               -------------  -------------

    Total stockholders' equity                     4,082,228      3,929,011
                                               -------------  -------------

    Total liabilities and stockholders' equity $  13,040,936  $  12,709,948
                                               =============  =============

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. 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 FRISK® 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