NEWS RELEASE

CONTACT:

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

FOR IMMEDIATE RELEASE
 

CreditRiskMonitor Reports Record Sales for 2008

VALLEY COTTAGE, NY-March 17, 2009-CreditRiskMonitor (Symbol: CRMZ) announced that for the year ended December 31, 2008 revenues increased 18% to $5.87 million and net income was $372,000 versus $370,000 last year.

Jerry Flum, CEO, said, "2008 was another record sales year for our company in spite of the powerful economic contraction being experienced globally. Our belief that corporate credit analysis and monitoring has a counter-cyclical component has been borne out in our monthly sales results since September of 2008. Awareness of the need for these services grows during economic turbulence. Monthly bookings of new business subscriptions for the six months ended February 2009 were the highest for any comparable period in our history. We intend to continue to improve our service over the coming year, while keeping our prices low. Our cash and marketable securities of nearly $4 million, or approximately 50¢ per share, supports a debt free balance sheet and gives our Company stability in these turbulent times."

                    CREDITRISKMONITOR.COM, INC.
                       STATEMENTS OF INCOME
         FOR THE YEARS ENDED DECEMBER 31, 2008 AND 2007

                                                    2008          2007
                                                -----------   -----------

Operating revenues                              $ 5,872,996   $ 4,989,177

Operating expenses:
  Data and product costs                          1,753,338     1,651,606
  Selling, general and administrative expenses    3,795,232     2,953,648
  Depreciation and amortization                      81,531        65,895
                                                -----------   -----------

    Total operating expenses                      5,630,101     4,671,149
                                                -----------   -----------

Income from operations                              242,895       318,028
Other income                                        142,923        93,344
Interest expense                                     (9,875)      (37,535)
                                                -----------   -----------

Income before income taxes                          375,943       373,837
Provision for state and local income taxes            4,117         3,606
                                                -----------   -----------

Net income                                      $   371,826   $   370,231
                                                ===========   ===========

Net income per share of common stock:

  Basic and diluted                             $      0.05   $      0.05
                                                ===========   ===========




                        CREDITRISKMONITOR.COM, INC.
                              BALANCE SHEETS
                        DECEMBER 31, 2008 AND 2007

                                                    2008         2007
                                                -----------   -----------
ASSETS
Current assets:
  Cash and cash equivalents                     $   912,591   $ 2,973,263
  Marketable securities                           2,958,996            --
  Accounts receivable, net of allowance of
   $30,000                                        1,146,066       737,436
  Other current assets                              237,883       260,657
                                                -----------   -----------

    Total current assets                          5,255,536     3,971,356

Property and equipment, net                         213,142       149,773
Goodwill                                          1,954,460     1,954,460
Other assets                                         28,109        27,753
                                                -----------   -----------
    Total assets                                $ 7,451,247   $ 6,103,342
                                                ===========   ===========

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
  Deferred revenue                              $ 4,394,803   $ 3,391,339
  Accounts payable                                   52,758        51,119
  Accrued expenses                                  610,748       348,745
  Current portion of long-term debt                      --       136,141
                                                -----------   -----------

    Total current liabilities                     5,058,309     3,927,344

Long-term debt, net of current portion                   --       150,799
Other liabilities                                     3,424        66,422
                                                -----------   -----------

    Total liabilities                             5,061,733     4,144,565
                                                -----------   -----------

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 and 7,694,462 shares, respectively      78,494        76,944
  Additional paid-in capital                     28,279,268    28,221,907
  Accumulated deficit                           (25,968,248)  (26,340,074)
                                                -----------   -----------

    Total stockholders' equity                    2,389,514     1,958,777
                                                -----------   -----------

    Total liabilities and stockholders' equity  $ 7,451,247   $ 6,103,342
                                                ===========   ===========

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.