NEWS RELEASECONTACT:CreditRiskMonitor.com, Inc.Jerry Flum, Chairman & CEO (516) 620-5400, ext. 321 jerryf@creditriskmonitor.com FOR IMMEDIATE RELEASECreditRiskMonitor.com’s Second Quarter and New Private Company ServiceFLORAL PARK, NY—July 29, 2002—CreditRiskMonitor.com, Inc. (Symbol: CRMZ) announced that revenues for the six months ended June 30, 2002 were $1,580,000, an increase of 7% from 2001's first half revenues of $1,480,000. Revenues for 2002’s second quarter were $794,000, a 6% increase over the prior year’s second quarter revenues of $753,000. The Company reported a net loss of $162,000 for the first six months of 2002, or ($0.03) per share, compared to a net loss of $370,000, or ($0.07) per share, for the same period last year. CRM reported a net loss of $92,000, or ($0.02) per share, for the quarter ended June 30, 2002, compared to a net loss of $155,000, or ($0.03) per share, for last year's second quarter. “Our new private company credit analysis service has started up and we now have suits, liens, judgments, bankruptcy notices and trade receivable data on millions of private and public companies. Using a free trial at www.creditriskmonitor.com companies can review our new service, ” said Domenic Graziosi, vice president global data operations. 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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