Exhibit 99.1

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

FOR IMMEDIATE RELEASE

CreditRiskMonitor Announces 1Q Results

VALLEY COTTAGE, NY—May 9, 2017—CreditRiskMonitor (OTCQX: CRMZ) reported that for the 3 months ended March 31, 2018 revenues increased 4% to $3.37 million compared to $3.24 million in last year’s first quarter. Net loss for the quarter was approximately $255,400 compared to a net loss of approximately $244,300 in the prior year period. Cash and cash equivalents decreased approximately $15,300 since 2017 year-end, to $8.72 million, and was down $123,700 from the balance at March 31, 2017.

Jerry Flum, CEO, said, “The Company is committed to its philosophy of investing in new products, such as private company Financial Statement Sourcing (launched 4Q 2017) and the PAYCE™ private company neural network score (launched 1Q 2018), as well as our other marketing efforts. We’re still debt free and our strong cash position will allow us to implement these marketing initiatives.”

CREDITRISKMONITOR.COM, INC.
STATEMENTS OF OPERATIONS
FOR THE 3 MONTHS ENDED MARCH 31, 2018 AND 2017
(Unaudited)

   
2018
   
2017
 
             
Operating revenues
 
$
3,371,924
   
$
3,236,250
 
                 
Operating expenses:
               
Data and product costs
   
1,483,991
     
1,396,160
 
Selling, general and administrative expenses
   
2,188,124
     
2,113,245
 
Depreciation and amortization
   
47,048
     
50,006
 
                 
Total operating expenses
   
3,719,163
     
3,559,411
 
                 
Loss from operations
   
(347,239
)
   
(323,161
)
Other income, net
   
21,042
     
4,807
 
                 
Loss before income taxes
   
(326,197
)
   
(318,354
)
Benefit from income taxes
   
70,761
     
74,061
 
   
$
(255,436
)
 
$
(244,293
)
Net loss
               
                 
Net loss per common share of stock:
               
Basic and diluted
 
$
(0.02
)
 
$
(0.02
)
                 
Weighted average number of common shares outstanding:
               
Basic and diluted
   
10,722,401
     
10,722,401
 
 

CREDITRISKMONITOR.COM, INC.
BALANCE SHEETS
MARCH 31, 2018 AND DECEMBER 31, 2017

   
March 31,
2018
   
Dec. 31,
2017
 
   
(Unaudited)
       
             
ASSETS
           
Current assets:
           
Cash and cash equivalents
 
$
8,719,826
   
$
8,735,148
 
Accounts receivable, net of allowance
   
1,974,655
     
2,139,707
 
Other current assets
   
504,928
     
530,699
 
                 
Total current assets
   
11,199,409
     
11,405,554
 
                 
Property and equipment, net
   
399,426
     
437,216
 
Goodwill
   
1,954,460
     
1,954,460
 
Other assets
   
49,768
     
23,463
 
                 
Total assets
 
$
13,603,063
   
$
13,820,693
 
                 
LIABILITIES AND STOCKHOLDERS’ EQUITY
               
Current liabilities:
               
Deferred revenue
 
$
8,893,546
   
$
8,304,877
 
Accounts payable
   
145,578
     
58,901
 
Accrued expenses
   
756,506
     
1,344,526
 
                 
Total current liabilities
   
9,795,630
     
9,708,304
 
                 
Deferred taxes on income, net
   
439,281
     
514,333
 
Other liabilities
   
15,787
     
15,748
 
                 
Total liabilities
   
10,250,698
     
10,238,385
 
                 
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
   
29,585,277
     
29,559,784
 
Accumulated deficit
   
(26,340,136
)
   
(26,084,700
)
                 
Total stockholders’ equity
   
3,352,365
     
3,582,308
 
                 
Total liabilities and stockholders’ equity
 
$
13,603,063
   
$
13,820,693
 

Overview

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.
 
 

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