FLORAL PARK, NY--(BUSINESS WIRE)--Aug. 10, 2001--CreditRiskMonitor.com, Inc. (Symbol:CRMZ) announced that revenues for the six months ended June 30, 2001 were $1,480,000, an increase of 61% from 2000's first half revenues of $920,000. Revenues for 2001's second quarter were $753,000, a 55% increase over the prior year's second quarter revenues of $486,000.

The Company reported a net loss of $370,000 for the first six months of 2001, or ($0.07) per share, compared to a net loss of $503,000, or ($0.09) per share, for the same period last year. CRM reported a net loss of $155,000, or ($0.03) per share, for the quarter ended June 30, 2001, compared to a net loss of $205,000, or ($0.04) per share, for last year's second quarter.

The Company was cash flow positive for the second quarter, continuing the trend reported for the first quarter of 2001. ``For the six months we had positive cash flow of almost $162,000, which continues us on track for our first ever operating cash flow positive year, said Larry Fensterstock, chief financial officer.

In July 2001, the Company entered into a Note Consolidation Agreement, which consolidated the two notes issued by CRM in January 1999 into a new secured note. The new note bears interest at the rate of 8.5% per annum from July 1, 2001 and is payable in 60 equal monthly installments of principal and interest of some $22,000 each, commencing July 31, 2001. The two previous notes were payable over 24 months and required monthly debt service of almost $50,000 commencing in July 2001.

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 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.