Exhibit 99.1
NEWS RELEASE
 
CONTACT:
CreditRiskMonitor.com, Inc.
Jerry Flum, CEO
(845) 230-3030
info@creditriskmonitor.com

FOR IMMEDIATE RELEASE

CreditRiskMonitor 2013 Operating Results

VALLEY COTTAGE, NY—March 7, 2014—CreditRiskMonitor (OTCQX: CRMZ) reported that for the year ended December 31, 2013 revenues increased 7% to $11.84 million compared to fiscal 2012, while income from operations was $0.62 million versus $0.97 million in the prior year. Cash, cash equivalents and marketable securities at the end of 2013 decreased to $8.05 million from the 2012 year-end balance of $8.15 million.

Jerry Flum, CEO, said, “We’re continuing to follow our long-term business strategy of investing in infrastructure and new data content to make our product more attractive, realizing that while this strategy reduces our profitability in the short-term it will enhance our long-term prospects. Additionally, we continue to be debt-free and our strong balance sheet provides us with financial flexibility to manage our company to achieve our long-term goals.”

CREDITRISKMONITOR.COM, INC.
STATEMENTS OF INCOME
FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012

 
 
2013
   
2012
 
 
 
   
 
 
 
   
 
Operating revenues
 
$
11,837,211
   
$
11,062,619
 
 
               
Operating expenses:
               
Data and product costs
   
4,438,542
     
3,731,218
 
Selling, general and administrative expenses
   
6,611,687
     
6,206,917
 
Depreciation and amortization
   
168,080
     
150,069
 
 
               
Total operating expenses
   
11,218,309
     
10,088,204
 
 
               
Income from operations
   
618,902
     
974,415
 
Other income (expense), net
   
(38,560
)
   
21,945
 
 
               
Income before income taxes
   
580,342
     
996,360
 
Provision for income taxes
   
(238,529
)
   
(466,543
)
 
               
Net income
 
$
341,813
   
$
529,817
 
 
               
Net income per share of common stock:
               
 
               
Basic
 
$
0.04
   
$
0.07
 
 
               
Diluted
 
$
0.04
   
$
0.06
 


CREDITRISKMONITOR.COM, INC.
BALANCE SHEETS
DECEMBER 31, 2013 AND 2012


 
 
2013
   
2012
 
ASSETS
 
   
 
Current assets:
 
   
 
Cash and cash equivalents
 
$
6,649,432
   
$
6,422,458
 
Marketable securities
   
1,398,022
     
1,725,633
 
Accounts receivable, net of allowance of $30,000
   
1,707,582
     
1,776,151
 
Other current assets
   
581,132
     
548,838
 
 
               
Total current assets
   
10,336,168
     
10,473,080
 
 
               
Property and equipment, net
   
422,682
     
260,438
 
Goodwill
   
1,954,460
     
1,954,460
 
Other assets
   
23,653
     
21,970
 
 
               
Total assets
 
$
12,736,963
   
$
12,709,948
 
 
               
LIABILITIES AND STOCKHOLDERS’ EQUITY
               
Current liabilities:
               
Deferred revenue
 
$
6,692,052
   
$
6,978,797
 
Accounts payable
   
86,478
     
44,097
 
Accrued expenses
   
1,280,316
     
1,161,498
 
 
               
Total current liabilities
   
8,058,846
     
8,184,392
 
 
               
Deferred taxes on income
   
636,856
     
591,355
 
Other liabilities
   
5,099
     
5,190
 
 
               
Total liabilities
   
8,700,801
     
8,780,937
 
 
               
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 7,958,564 and 7,946,462 shares, respectively
   
79,585
     
79,464
 
Additional paid-in capital
   
28,958,648
     
28,795,496
 
Accumulated deficit
   
(25,002,071
)
   
(24,945,949
)
 
               
Total stockholders’ equity
   
4,036,162
     
3,929,011
 
 
               
Total liabilities and stockholders’ equity
 
$
12,736,963
   
$
12,709,948
 

Overview

CreditRiskMonitor (http://www.crmz.com) is an Internet-based publisher of financial risk analysis and news, designed to save time for busy corporate credit and procurement/supply-chain professionals. The service offers comprehensive commercial credit reports covering over 40,000 public companies worldwide. Over 30% of the Fortune 1,000 already use CreditRiskMonitor’s timely news alerts and reports that feature detailed analyses of financial statements, ratio analysis and trend reports, peer analyses, as well as the Company’s  proprietary FRISK® scores.

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.
 
 


The following information was filed by Creditriskmonitor Com Inc (CRMZ) on Friday, March 7, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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