NEWS RELEASECONTACT:CreditRiskMonitor.com, Inc.Jerry Flum, Chairman & CEO (516) 620-5400, ext. 321 jerryf@creditriskmonitor.com FOR IMMEDIATE RELEASECreditRiskMonitor.com's First Quarter Revenues Up 68%FLORAL PARK, NY--May 7, 2001--CreditRiskMonitor.com, Inc. (Symbol: CRMZ) announced revenues for the quarter ended March 31, 2001 were $727,203, an increase of 68% from 2000's first quarter revenues of $433,508. “Even though the economy is slowing, our business appears to be contra-cyclical. Companies need more of our commercial credit analysis services in these stressful economic times. This proves again how smart Warren Buffet is, since Berkshire Hathaway purchased 12 million shares of Dun & Bradstreet, a major competitor,” said Jerry Flum, chairman and chief executive officer. “It was our best quarter ever from a cash flow perspective. We had positive cash flow of $145,749 for the quarter and this puts us on track for our first ever operating cash flow positive year,” said Larry Fensterstock, chief financial officer. “Additionally, our first quarter net loss was down almost 30% from last year.” For the quarter ended March 31, 2001, CRM reported a net loss of $214,673, or ($0.04) per share, compared to a net loss of $298,083, or ($0.06) per share, for last year’s first quarter. CreditRiskMonitor.com is an Internet-based financial information analysis and news service designed for corporate credit professionals, and its web site is www.creditriskmonitor.com. 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.
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