Exhibit 99.1

NEWS RELEASE

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

FOR IMMEDIATE RELEASE

CreditRiskMonitor 2017 Operating Results

VALLEY COTTAGE, NY—March 22, 2018—CreditRiskMonitor (OTCQX: CRMZ) reported that revenues for the year ended December 31, 2017 increased to $13.39 million up 4% compared to 2016. Net income for 2017 was approximately $12,100 compared to $52,400 in the prior year. Cash and cash equivalents at the end of 2017 decreased to $8.74 million from the 2016 year-end balance of $9.22 million.

Jerry Flum, CEO, said, “We did not see significant results yet from our new Financial Statement Sourcing (launched 4Q 2017) or PAYCE™ (launched 1Q 2018) products, or from our other new marketing efforts, but we’re committed to continue investing in new products and marketing infrastructure. There is a natural lag on these expenses and the impact on revenue. The Company is still debt-free and our strong cash position allows us to continue to undertake these initiatives.”

CREDITRISKMONITOR.COM, INC.
STATEMENTS OF INCOME
FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016

   
2017
   
2016
 
             
Operating revenues
 
$
13,385,068
   
$
12,814,390
 
                 
Operating expenses:
               
Data and product costs
   
5,426,779
     
4,944,053
 
Selling, general and administrative expenses
   
8,044,256
     
7,495,742
 
Depreciation and amortization
   
191,960
     
200,136
 
                 
Total operating expenses
   
13,662,995
     
12,639,931
 
                 
Income (loss) from operations
   
(277,927
)
   
174,459
 
Other income, net
   
47,216
     
27,183
 
                 
Income (loss) before income taxes
   
(230,711
)
   
201,642
 
Benefit (provision) for income taxes
   
242,781
     
(149,199
)
                 
Net income
 
$
12,070
   
$
52,443
 
                 
Net income per share of common stock:
               
Basic and diluted
 
$
0.00
   
$
0.00
 
 


CREDITRISKMONITOR.COM, INC.
BALANCE SHEETS
DECEMBER 31, 2017 AND 2016

   
2017
   
2016
 
             
ASSETS
           
Current assets:
           
Cash and cash equivalents
 
$
8,735,148
   
$
9,222,343
 
Accounts receivable, net of allowance of $30,000
   
2,139,707
     
2,090,676
 
Other current assets
   
530,699
     
487,257
 
                 
Total current assets
   
11,405,554
     
11,800,276
 
                 
Property and equipment, net
   
437,216
     
430,324
 
Goodwill
   
1,954,460
     
1,954,460
 
Other assets
   
23,463
     
23,763
 
                 
Total assets
 
$
13,820,693
   
$
14,208,823
 
                 
LIABILITIES AND STOCKHOLDERS’ EQUITY
               
Current liabilities:
               
Deferred revenue
 
$
8,304,877
   
$
8,088,958
 
Accounts payable
   
58,901
     
96,725
 
Accrued expenses
   
1,344,526
     
1,282,126
 
                 
Total current liabilities
   
9,708,304
     
9,467,809
 
                 
Deferred taxes on income, net
   
514,333
     
762,403
 
Other liabilities
   
15,748
     
12,574
 
                 
Total liabilities
   
10,238,385
     
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
   
29,559,784
     
29,419,463
 
Accumulated deficit
   
(26,084,700
)
   
(25,560,650
)
                 
Total stockholders’ equity
   
3,582,308
     
3,966,037
 
                 
Total liabilities and stockholders’ equity
 
$
13,820,693
   
$
14,208,823
 

About CreditRiskMonitor

CreditRiskMonitor (http://www.crmz.com) is a web-based publisher of financial information that helps corporate credit and procurement professionals stay ahead of business financial risk quickly, accurately and cost effectively. The service offers comprehensive commercial credit reports and financial risk analysis covering public companies worldwide. Unlike other commercial credit bureaus like Dun & Bradstreet, CreditRiskMonitor’s primary expertise and focus is on financial analysis of public debt and equity companies.

The Company also collects more than $130 billion of trade receivable data on both public and a select group of private companies every month, to help subscribers determine payment performance.
 


Over 35% of the Fortune 1000 depend on CreditRiskMonitor's timely news alerts and reports featuring detailed analyses of financial statements, ratio analysis and trend reports, peer analyses, bond agency ratings, as well as the company's proprietary FRISK® and PAYCETM 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 Thursday, March 22, 2018 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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