NEWS RELEASECONTACT:CreditRiskMonitor.com, Inc.Jerry Flum, Chairman & CEO (516) 620-5400, ext. 321 jerryf@creditriskmonitor.com FOR IMMEDIATE RELEASECreditRiskMonitor.com Reports First Quarter ResultsFLORAL PARK, NY--May 9, 2002--CreditRiskMonitor.com, Inc. (Symbol: CRMZ) reported that revenues for the quarter ended March 31, 2002 were $786,000, an increase of 8% from 2001's first quarter revenues of $727,000. The Company recorded a first quarter loss from operations of $49,000 and a net loss of $70,000, or ($0.01) per share, compared to a loss from operations of $202,000 and a net loss of $215,000, or ($0.04) per share, for last year’s first quarter. In addition, CRM reported positive cash flow of over $131,000 for its first quarter ended March 31, 2002. “Our first quarter net loss was down over 67% from last year, continuing the trend established in 2001, ” said Jerry Flum, chief executive officer. 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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