Exhibit 99.1

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

FOR IMMEDIATE RELEASE

CreditRiskMonitor Announces 3Q Results

VALLEY COTTAGE, NY—November 2, 2017—CreditRiskMonitor (OTCQX: CRMZ) reported that revenues were $3.39 million and $9.96 million for the 3 and 9 months ended September 30, 2017, respectively, an increase of 4.6% and 4.5% over the comparable periods last year. For the same periods, income (loss) from operations was ($4,800) and ($439,500), respectively, compared to $126,500 and ($82,000) for the comparable 2016 periods. Cash and cash equivalents at the end of the nine-month period increased $62,300 to $9.28 million versus the 2016 year-end balance of $9.22 million.

Jerry Flum, CEO said, “Our marketing efforts are continuing in addition to investment in product enhancements. We’re starting to see some tangible results from our new website, launched last year, as we’re seeing traction in new sales. Our balance sheet remains strong, allowing us to continue to follow the path of investing in our services with the long-term goal of enhancing shareholder value.”

CREDITRISKMONITOR.COM, INC.
STATEMENTS OF OPERATIONS
FOR THE 3 AND 9 MONTHS ENDED SEPTEMBER 30, 2017 AND 2016
(Unaudited)
 
   
3 Months Ended
September 30,
   
9 Months Ended
September 30,
 
   
2017
   
2016
   
2017
   
2016
 
                         
Operating revenues
 
$
3,385,352
   
$
3,237,687
   
$
9,963,078
   
$
9,530,462
 
                                 
Operating expenses:
                               
Data and product costs
   
1,332,759
     
1,254,151
     
4,058,940
     
3,682,612
 
Selling, general and administrative expenses
   
2,013,962
     
1,808,184
     
6,200,518
     
5,781,867
 
Depreciation and amortization
   
43,410
     
48,894
     
143,132
     
148,026
 
                                 
Total operating expenses
   
3,390,131
     
3,111,229
     
10,402,590
     
9,612,505
 
                                 
Income (loss) from operations
   
(4,779
)
   
126,458
     
(439,512
)
   
(82,043
)
Other income (expense), net
   
15,362
     
(589
)
   
29,932
     
33,592
 
                                 
Income (loss) before income taxes
   
10,583
     
125,869
     
(409,580
)
   
(48,451
)
Benefit from (provision for) income taxes
   
(29,700
)
   
(45,916
)
   
62,483
     
17,424
 
                                 
Net income (loss)
 
$
(19,117
)
 
$
79,953
   
$
(347,097
)
 
$
(31,027
)
                                 
Net income (loss) per share:
                               
Basic
 
$
0.00
   
$
0.01
   
$
(0.03
)
 
$
0.00
 
Diluted
 
$
0.00
   
$
0.01
   
$
(0.03
)
 
$
0.00
 
 

CREDITRISKMONITOR.COM, INC.
BALANCE SHEETS
SEPTEMBER 30, 2017 AND DECEMBER 31, 2016
 
   
September 30,
2017
   
December 31,
2016
 
   
(Unaudited)
       
ASSETS
           
Current assets:
           
Cash and cash equivalents
 
$
9,284,650
   
$
9,222,343
 
Accounts receivable, net of allowance
   
1,512,766
     
2,090,676
 
Other current assets
   
554,607
     
487,257
 
                 
Total current assets
   
11,352,023
     
11,800,276
 
                 
Property and equipment, net
   
385,434
     
430,324
 
Goodwill
   
1,954,460
     
1,954,460
 
Prepaid and other assets
   
33,599
     
23,763
 
                 
Total assets
 
$
13,725,516
   
$
14,208,823
 
                 
                 
LIABILITIES AND STOCKHOLDERS’ EQUITY
               
Current liabilities:
               
Deferred revenue
 
$
7,891,863
   
$
8,088,958
 
Accounts payable
   
136,009
     
96,725
 
Accrued expenses
   
1,267,269
     
1,282,126
 
                 
Total current liabilities
   
9,295,141
     
9,467,809
 
                 
Deferred taxes on income, net
   
689,831
     
762,403
 
Other liabilities
   
15,709
     
12,574
 
                 
Total liabilities
   
10,000,681
     
10,242,786
 
                 
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 10,722,401 shares
   
107,224
     
107,224
 
Additional paid-in capital
   
29,525,358
     
29,419,463
 
Accumulated deficit
   
(25,907,747
)
   
(25,560,650
)
                 
Total stockholders’ equity
   
3,724,835
     
3,966,037
 
                 
Total liabilities and stockholders’ equity
 
$
13,725,516
   
$
14,208,823
 
 
Overview

CreditRiskMonitor (http://www.creditriskmonitor.com) is a Web-based publisher of financial information, designed to save time and help busy corporate credit and procurement professionals manage risk. The service offers comprehensive commercial credit reports covering public companies worldwide. Over 35% of the Fortune 1000 already use CreditRiskMonitor’s timely news alerts and reports that feature detailed analyses of financial statements, ratio analysis and trend reports, peer analyses, bond agency ratings, as well as the Company’s  proprietary FRISK® scores, which have been proven 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 Thursday, November 2, 2017 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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