NEWS RELEASE

CONTACT:

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

FOR IMMEDIATE RELEASE
 

CreditRiskMonitor Revenues Up 28%

VALLEY COTTAGE, NY-April 30, 2009-CreditRiskMonitor (Symbol: CRMZ) reported revenues of $1.74 million for the first quarter ended March 31, 2009 compared to $1.37 million for the first quarter of 2008. Cash and marketable securities of $4.28 million at the end of the quarter increased $400,000 from the 2008 year-end balance.

Jerry Flum, CEO, said, "Client retention and satisfaction are stronger than ever, as worries driven by the recession have driven usage of our service to new highs. New business bookings for the first quarter actually grew at a much quicker rate than overall revenue since we take bookings into revenue spread over the term of the subscription. Our operating income for the quarter was negatively impacted by a change in our commission rates on new sales that was implemented at the beginning of the second quarter of 2008, coupled with the Company's very conservative approach of recognizing the full commission expense when paid."

                       CREDITRISKMONITOR.COM, INC.
                        STATEMENTS OF OPERATIONS
             FOR THE 3 MONTHS ENDED MARCH 31, 2009 AND 2008
                               (UNAUDITED)
 
                                                      2009         2008
                                                   ----------   ----------
 
Operating revenues                                 $1,743,125   $1,365,190
 
Operating expenses:
        Data and product costs                        500,442      431,228
        Selling, general and administrative
         expenses                                   1,234,890      892,246
        Depreciation and amortization                  23,654       17,539
                                                   ----------   ----------
 
                Total operating expenses            1,758,986    1,341,013
                                                   ----------   ----------
 
Income (loss) from operations                         (15,861)      24,177
Other income                                           22,548       24,726
Interest expense                                            -       (7,245)
                                                   ----------   ----------
 
Income before income taxes                              6,687       41,658
Provision for state and local income taxes              1,463        1,890
                                                   ----------   ----------
 
Net income                                         $    5,224   $   39,768
                                                   ==========   ==========
 
 
                                                      2009         2008
                                                   ----------   ----------
 
Net income per share of common stock:
 
        Basic                                      $     0.00   $     0.01
                                                   ==========   ==========
        Diluted                                    $     0.00   $     0.00
                                                   ==========   ==========
 
Weighted average number of common shares outstanding:
 
        Basic                                       7,894,462    7,694,462
        Diluted                                     7,923,630    8,113,970
 
 
                       CREDITRISKMONITOR.COM, INC.
                             BALANCE SHEETS
                   MARCH 31, 2009 AND DECEMBER 31, 2008
 
 
                                                    March 31,    Dec. 31,
                                                      2009         2008
                                                   ----------   ----------
                                                   (Unaudited)
 
ASSETS
Current assets:
        Cash and cash equivalents                  $  896,270   $  912,591
        Marketable securities                       3,380,110    2,958,996
        Accounts receivable, net of allowance       1,121,116    1,146,066
        Other current assets                          220,271      237,883
                                                   ----------   ----------
 
                Total current assets                5,617,767    5,255,536
 
Property and equipment, net                           196,684      213,142
Goodwill                                            1,954,460    1,954,460
Prepaid and other assets                               44,168       28,109
                                                   ----------   ----------
 
                Total assets                       $7,813,079   $7,451,247
                                                   ==========   ==========
 
 
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
        Deferred revenue                           $4,889,939   $4,394,803
        Accounts payable                               38,513       52,758
        Accrued expenses                              474,459      610,748
                                                   ----------   ----------
 
                Total current liabilities           5,402,911    5,058,309
 
Other liabilities                                       1,956        3,424
                                                   ----------   ----------
 
                Total liabilities                   5,404,867    5,061,733
 
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
         7,849,462 shares                              78,494       78,494
        Additional paid-in capital                 28,292,742   28,279,268
        Accumulated deficit                       (25,963,024) (25,968,248)
                                                   ----------   ----------
 
                Total stockholders' equity          2,408,212    2,389,514
                                                   ----------   ----------
 
                Total liabilities and
                 stockholders' equity              $7,813,079   $7,451,247
                                                   ==========   ==========
 

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.