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

FOR IMMEDIATE RELEASE

CreditRiskMonitor 2015 Operating Results

VALLEY COTTAGE, NY—March 21, 2016—CreditRiskMonitor (OTCQX: CRMZ) reported that revenues for the year ended December 31, 2015 increased 2% to $12.49 million compared to fiscal 2014. Net income for fiscal 2015 was approximately $493,200 compared to $370,600 in the prior year. Cash, cash equivalents and marketable securities at the end of 2015 increased to $8.96 million from the 2014 year-end balance of $8.89 million.

Jerry Flum, CEO, said, “Reported earnings for 2015 is the highest since 2012. In 2015 we began investing in new marketing programs and are continuing to do so in 2016. We believe these programs should start positively impacting operating results in late 2016 and 2017. At the same time, we continue to be debt-free and our strong balance sheet provides us with financial flexibility to manage for the long-term.”
 
CREDITRISKMONITOR.COM, INC.
STATEMENTS OF INCOME
FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014

   
2015
   
2014
 
             
Operating revenues
 
$
12,486,316
   
$
12,203,526
 
                 
Operating expenses:
               
Data and product costs
   
4,665,360
     
4,721,114
 
Selling, general and administrative expenses
   
6,685,528
     
6,568,885
 
Depreciation and amortization
   
218,621
     
221,452
 
                 
Total operating expenses
   
11,569,509
     
11,511,451
 
                 
Income from operations
   
916,807
     
692,075
 
Other income, net
   
2,344
     
17,127
 
                 
Income before income taxes
   
919,151
     
709,202
 
Provision for income taxes
   
(425,934
)
   
(338,648
)
                 
Net income
 
$
493,217
   
$
370,554
 
                 
Net income per share of common stock:
               
Basic
 
$
0.05
   
$
0.04
 
Diluted
 
$
0.05
   
$
0.03
 
 

CREDITRISKMONITOR.COM, INC.
BALANCE SHEETS
DECEMBER 31, 2015 AND 2014

   
2015
   
2014
 
ASSETS
           
Current assets:
           
Cash and cash equivalents
 
$
8,717,899
   
$
7,529,468
 
Marketable securities
   
245,474
     
1,363,439
 
Accounts receivable, net of allowance of $30,000
   
1,927,428
     
2,078,710
 
Other current assets
   
749,925
     
516,585
 
                 
Total current assets
   
11,640,726
     
11,488,202
 
                 
Property and equipment, net
   
395,026
     
337,339
 
Goodwill
   
1,954,460
     
1,954,460
 
Other assets
   
33,999
     
23,682
 
                 
Total assets
 
$
14,024,211
   
$
13,803,683
 
                 
LIABILITIES AND STOCKHOLDERS’ EQUITY
               
Current liabilities:
               
Deferred revenue
 
$
7,436,764
   
$
7,612,836
 
Accounts payable
   
78,267
     
137,258
 
Accrued expenses
   
1,241,317
     
1,230,966
 
                 
Total current liabilities
   
8,756,348
     
8,981,060
 
                 
Deferred taxes on income, net
   
806,161
     
743,691
 
Other liabilities
   
4,314
     
2,546
 
                 
Total liabilities
   
9,566,823
     
9,727,297
 
                 
Stockholders’ equity:
               
Preferred stock, $.01 par value; authorized 5,000,000 shares; none issued
   
-
     
-
 
Common stock, $.01 par value; authorized 32,500,000 shares; issued and outstanding 10,722,321 and 10,472,042 shares, respectively
   
107,223
     
104,720
 
Additional paid-in capital
   
29,473,845
     
29,175,750
 
Accumulated deficit
   
(25,123,680
)
   
(25,204,084
)
                 
Total stockholders’ equity
   
4,457,388
     
4,076,386
 
                 
Total liabilities and stockholders’ equity
 
$
14,024,211
   
$
13,803,683
 
 
Note

On October 21, 2015, the Company's Board of Directors authorized a 1.3-for-1 split of its common stock, in the form of a 30% stock dividend, payable to stockholders of record as of November 30, 2015. Shares resulting from the split were issued on December 15, 2015. In connection therewith, the Company transferred $24,745 from accumulated deficit to common stock, representing the par value of additional shares issued. All share and per share amounts for all periods presented have been retroactively adjusted to reflect the stock split.
 

About CreditRiskMonitor

CreditRiskMonitor (http://www.creditriskmonitor.com) helps corporate credit and procurement professionals stay ahead of and manage financial risk quickly, accurately and cost effectively. It offers comprehensive commercial credit and financial risk analysis covering public companies worldwide. Unlike other commercial credit bureaus like Dun & Bradstreet, CreditRiskMonitor’s primary focus is on financial analysis of publicly traded company risk.

Over 35% of the Fortune 1,000 depend on CreditRiskMonitor’s timely news alerts and reports featuring detailed analyses of financial statements, ratio analysis, peer analyses, bond agency ratings, and the Company’s proprietary FRISK® scores, proven 95% predictive in anticipating corporate financial stress, including bankruptcy.

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 Monday, March 21, 2016 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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