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CreditRiskMonitor 2016 Operating Results

CreditRiskMonitor reports operating results for the year ended December 31, 2016

VALLEY COTTAGE, NY -- (Marketwired) -- 03/20/17 -- CreditRiskMonitor (OTCQX: CRMZ) reported that revenues for the year ended December 31, 2016 increased 3% to $12.81 million compared to fiscal 2015. Net income for fiscal 2016 was approximately $52,400 compared to $513,200 in the prior year. Cash, cash equivalents and marketable securities at the end of 2016 increased to $9.22 million from the 2015 year-end balance of $8.96 million.

Jerry Flum, CEO, said, "2016's reported earnings were negatively impacted by our decision to increase our investment in new marketing infrastructure and programs. The head of this marketing effort resigned mid-year, and this initiative fell short of our 2016 plans. We have hired a new marketing leader, and expect to see the positive impact of this investment in 2018. We're still debt-free and our strong balance sheet provides us with financial flexibility to manage our company for long-term results."

                        CREDITRISKMONITOR.COM, INC.
                            STATEMENTS OF INCOME
               FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015

                                                    2016           2015
                                               -------------  -------------

Operating revenues                             $  12,814,390  $  12,486,316

Operating expenses:
  Data and product costs                           4,944,053      4,665,360
  Selling, general and administrative expenses     7,495,742      6,685,528
  Depreciation and amortization                      200,136        218,621
                                               -------------  -------------

    Total operating expenses                      12,639,931     11,569,509
                                               -------------  -------------

Income from operations                               174,459        916,807
Other income, net                                     27,183          2,344
                                               -------------  -------------

Income before income taxes                           201,642        919,151
Provision for income taxes                          (149,199)      (405,965)
                                               -------------  -------------

Net income                                     $      52,443  $     513,186
                                               =============  =============

Net income per share of common stock:
  Basic                                        $           -  $        0.05
  Diluted                                      $           -  $        0.05

                        CREDITRISKMONITOR.COM, INC.
                               BALANCE SHEETS
                         DECEMBER 31, 2016 AND 2015

                                                 2016             2015
                                           ---------------  ---------------
Current assets:
  Cash and cash equivalents                $     9,222,343  $     8,717,899
  Marketable securities                                 --          245,474
  Accounts receivable, net of allowance of
   $30,000                                       2,090,676        1,927,428
  Other current assets                             487,257          555,871
                                           ---------------  ---------------

    Total current assets                        11,800,276       11,446,672
Property and equipment, net                        430,324          395,026
Goodwill                                         1,954,460        1,954,460
Other assets                                        23,763           33,999
                                           ---------------  ---------------

    Total assets                           $    14,208,823  $    13,830,157
                                           ===============  ===============

Current liabilities:
  Deferred revenue                         $     8,088,958  $     7,436,764
  Accounts payable                                  96,725           78,267
  Accrued expenses                               1,282,126        1,241,317
                                           ---------------  ---------------

    Total current liabilities                    9,467,809        8,756,348

Deferred taxes on income, net                      762,403          759,454
Other liabilities                                   12,574            4,314
                                           ---------------  ---------------

    Total liabilities                           10,242,786        9,520,116
                                           ---------------  ---------------

Stockholders' equity:
  Preferred stock, $.01 par value;
   authorized 5,000,000shares; none issued              --               --
  Common stock, $.01 par value; authorized
   32,500,000shares; issued and
   outstanding 10,722,401 and10,722,321
   shares, respectively                            107,224          107,223
  Additional paid-in capital                    29,419,463       29,279,791
  Accumulated deficit                          (25,560,650)     (25,076,973)
                                           ---------------  ---------------

    Total stockholders' equity                   3,966,037        4,310,041
                                           ---------------  ---------------

    Total liabilities and stockholders'
     equity                                $    14,208,823  $    13,830,157
                                           ===============  ===============

About CreditRiskMonitor

CreditRiskMonitor (http://www.crmz.com) is a web-based publisher of financial information that helps corporate credit and procurement professionals stay ahead of business financial risk quickly, accurately and cost effectively. The service offers comprehensive commercial credit reports and financial risk analysis covering public companies worldwide. Unlike other commercial credit bureaus like Dun & Bradstreet, CreditRiskMonitor's primary expertise and focus is on financial analysis of public debt and equity companies.
The Company also collects more than $100 billion of trade receivable data on both public and a select group of private companies every month, to help subscribers determine payment performance.

Over 35% of the Fortune 1000 depend on CreditRiskMonitor's timely news alerts and reports featuring detailed analyses of financial statements, ratio analysis and trend reports, peer analyses, bond agency ratings, as well as the company's proprietary FRISK® score.

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. We disclaim any intention or obligation to revise any forward-looking statements, whether as a result of new information, a future event, or otherwise.

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