NEWS RELEASE

CONTACT:

CreditRiskMonitor.com, Inc.
Jerry Flum, CEO
(845) 230-3030
ir@crmz.com
 

FOR IMMEDIATE RELEASE
 

CreditRiskMonitor Reports Strong Operating Income for 1st Half of 2010

VALLEY COTTAGE, NY-August 4, 2010-CreditRiskMonitor (OTCBB: CRMZ) reported that revenues increased 20% and 23% to $2.30 million and $4.52 million for the 3 and 6 months ended June 30, 2010, respectively. For the same periods, income from operations of $353,000 and $665,000, respectively, was up sharply from $27,000 and $12,000 in the comparable periods of 2009. Cash, cash equivalents and marketable securities at the end of the six-month period increased $1.36 million to $6.04 million from the 2009 year-end balance of $4.68 million.

Jerry Flum, CEO said, "We continue to strongly invest in people, infrastructure and content even though it does and will impact profitability because it's a fundamental part of our business strategy and we are not restrained by financial leverage."

                         CREDITRISKMONITOR.COM, INC.
                          STATEMENTS OF OPERATIONS
             FOR THE 3 AND 6 MONTHS ENDED JUNE 30, 2010 AND 2009
 
                                3 Months Ended            6 Months Ended
                                   June 30,                  June 30,
                            ----------------------   -----------------------
                                2010       2009          2010        2009
                            ----------- ----------   ----------- -----------
 
Operating revenues          $ 2,304,873 $1,922,437   $ 4,516,575 $ 3,665,563
 
Operating expenses:
 Data and product costs         573,274    565,056     1,171,041   1,065,498
 Selling, general and
  administrative expenses     1,347,086  1,304,604     2,621,234   2,539,495
 Depreciation and
  amortization                   31,548     25,337        59,255      48,992
                            ----------- ----------   ----------- -----------
 
  Total operating expenses    1,951,908  1,894,997     3,851,530   3,653,985
                            ----------- ----------   ----------- -----------
 
Income from operations          352,965     27,440       665,045      11,578
Other income (expense), net      13,864    (12,206)       14,591      10,343
                            ----------- ----------   ----------- -----------
 
Income before income taxes      366,829     15,234       679,636      21,921
Provision for income taxes      147,411      1,030       276,742       2,493
                            ----------- ----------   ----------- -----------
 
Net income                  $   219,418 $   14,204   $   402,894 $    19,428
                            =========== ==========   =========== ===========
 
Net income per share:
 Basic and diluted          $      0.03 $     0.00   $      0.05 $      0.00
                            =========== ==========   =========== ===========
 
 
 
 
 
                        CREDITRISKMONITOR.COM, INC.
                               BALANCE SHEETS
                    JUNE 30, 2010 AND DECEMBER 31, 2009
 
                                                 June 30,        Dec. 31,
                                                   2010            2009
                                              -------------   -------------
                                               (Unaudited)
 
ASSETS
Current assets:
 Cash and cash equivalents                    $   4,822,427   $   4,679,466
 Marketable securities                            1,220,931              --
 Accounts receivable, net of allowance            1,229,719       1,370,523
 Other current assets                               105,166         253,857
                                              -------------   -------------
 
  Total current assets                            7,378,243       6,303,846
 
Property and equipment, net                         295,019         261,591
Goodwill                                          1,954,460       1,954,460
Deferred taxes on income                            641,651         913,503
Prepaid and other assets                             37,914          23,116
                                              -------------   -------------
 
  Total assets                                $  10,307,287   $   9,456,516
                                              =============   =============
 
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
 Deferred revenue                             $   5,898,206   $   5,321,116
 Accounts payable                                    48,216          42,614
 Accrued expenses                                   488,337         698,832
                                              -------------   -------------
 
  Total current liabilities                       6,434,759       6,062,562
 
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
  7,899,462 and 7,849,462 shares,
  respectively                                       78,994          78,494
 Additional paid-in capital                      28,408,274      28,333,094
 Accumulated deficit                            (24,614,740)    (25,017,634)
                                              -------------   -------------
 
  Total stockholders' equity                      3,872,528       3,393,954
                                              -------------   -------------
 
  Total liabilities and stockholders' equity  $  10,307,287   $   9,456,516
                                              =============   =============

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.