SOURCE: Creditriskmonitor.com Inc.

February 27, 2008 08:00 ET

CreditRiskMonitor Reports Record Operating Results for 2007

VALLEY COTTAGE, NY--(Marketwire - February 27, 2008) - CreditRiskMonitor (OTCBB: CRMZ) announced that for the year ended December 31, 2007, revenues increased 15% to $4.99 million, net income was $370,000 versus $15,000 last year and net cash flow increased 17% to over $505,000.

Jerry Flum, CEO, said, "2007 continues the positive trend for our company. Our full year operating results are all records -- revenue level, income from operations and cash balance. We believe that the troubles in the mortgage-related markets will be spreading to the corporate credit/debt markets going forward. It is in these markets that our service is the benchmark for utility and price. During the past year we introduced our new proprietary credit score, the FRISK2 score, to our fundamental service. We plan to continue to improve our service over the coming year, while keeping our prices low."

                      CREDITRISKMONITOR.COM, INC.
                       STATEMENTS OF OPERATIONS
            FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006

                                                  2007          2006
                                              ------------  ------------

Operating revenues                            $  4,989,177  $  4,322,785

Operating expenses:
    Data and product costs                       1,651,606     1,404,182
    Selling, general and administrative
     expenses                                    2,953,648     2,849,002
    Depreciation and amortization                   65,895        65,951
                                              ------------  ------------

        Total operating expenses                 4,671,149     4,319,135
                                              ------------  ------------

Income from operations                             318,028         3,650
Other income                                        93,344        68,285
Interest expense                                   (37,535)      (52,416)
                                              ------------  ------------

Income before income taxes                         373,837        19,519
Provision for state and local income taxes           3,606         4,922
                                              ------------  ------------

Net income                                    $    370,231  $     14,597
                                              ============  ============


Net income per share of common stock:

    Basic and diluted                         $       0.05  $       0.00
                                              ============  ============



                      CREDITRISKMONITOR.COM, INC.
                            BALANCE SHEETS
                      DECEMBER 31, 2007 AND 2006

                                                  2007          2006
                                              ------------  ------------

ASSETS
Current assets:
    Cash and cash equivalents                 $  2,973,263  $  2,467,520
    Accounts receivable, net of allowance
     of $30,000                                    737,436       647,484
    Other current assets                           260,657       297,267
                                              ------------  ------------

        Total current assets                     3,971,356     3,412,271

Property and equipment, net                        149,773       131,211
Goodwill                                         1,954,460     1,954,460
Other assets                                        27,753        27,753
                                              ------------  ------------

        Total assets                          $  6,103,342  $  5,525,695
                                              ============  ============


LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
    Deferred revenue                          $  3,391,339  $  2,985,724
    Accounts payable                                51,119        78,364
    Accrued expenses                               348,745       415,645
    Current portion of long-term debt              136,141       122,870
    Current portion of capitalized lease
     obligations                                        --        18,437
                                              ------------  ------------

        Total current liabilities                3,927,344     3,621,040

Long-term debt, net of current portion             150,799       286,940
Other liabilities                                   66,422        73,392
                                              ------------  ------------

        Total liabilities                        4,144,565     3,981,372
                                              ------------  ------------

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 7,694,462                          76,944        76,944
    Additional paid-in capital                  28,221,907    28,177,684
    Accumulated deficit                        (26,340,074)  (26,710,305)
                                              ------------  ------------

        Total stockholders' equity               1,958,777     1,544,323
                                              ------------  ------------

        Total liabilities and stockholders'
         equity                               $  6,103,342  $  5,525,695
                                              ============  ============

CreditRiskMonitor (http://www.crmz.com) is an Internet-based publisher of financial information, designed to save time for busy corporate credit professionals, that competes with Dun & Bradstreet, Equifax and Experian.

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.

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