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NEWS RELEASE
CONTACT: FOR IMMEDIATE RELEASE Dun & Bradstreet's Quick Growing Competitor CreditRiskMonitor.com Announces Positive Cash Flow From First Half Operating Activities FLORAL PARK, NY--July 20, 2000--Dun & Bradstreet's (NYSE: DNB) quick growing competitor CreditRiskMonitor.com, Inc. (Symbol: CRMZ) announced positive operating cash flow of approximately $42,000 for the six months ended June 30, 2000 compared to negative operating cash flow of almost $227,000 for last year's comparable period. Operating revenues for the quarter ended June 30, 2000 increased 68% to $481,011, up from $286,386 reported for 1999's second quarter. Operating revenues for the six months ended June 30, 2000 were $908,355, an increase of 62% over 1999's first half operating revenues of $561,025. CRM reported a net loss of $205,219, or ($0.04) per share, for the quarter ended June 30, 2000 compared to a net loss of $304,568, or ($0.06) per share, for last year's second quarter. The Company reported a net loss of $503,301 for the first six months of 2000, or ($0.09) per share, compared to a net loss of $663,022, or ($0.13) per share, for the same period last year. Jerry Flum, Chairman and CEO, commented that “we had operating cash flow for the first six months of 2000 and we still anticipate that the Company will be running at an overall cash flow breakeven basis by the end of the year.” CreditRiskMonitor.com is an Internet-based financial information analysis and news service designed for corporate credit professionals whose portal web site is www.my.creditriskmonitor.com. CRM competes with The Dun & Bradstreet Corporation (NYSE: DNB) and eCredit.com (an Internet Capital Group (NASD: ICGE) portfolio company) for business credit reporting services. 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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