Exhibit 99.1

NEWS RELEASE

CONTACT:

CreditRiskMonitor.com, Inc.

Jerry Flum, CEO

(845) 230-3030

ir@creditriskmonitor.com

FOR IMMEDIATE RELEASE

CreditRiskMonitor Announces Third Quarter Results

VALLEY COTTAGE, NY—November 12, 2020—CreditRiskMonitor (OTCQX: CRMZ) Jerry Flum, CEO, said, “Our net income is not growing at the same pace as sales since the Company retained, and even increased, its payroll levels and employees throughout the year.  We also continue to invest in strengthening our service and technical staff in an effort to provide exceptional service to our clients that meets their credit risk needs in these uncertain times. Our team is our backbone, and our clients rely on them on a daily basis.”

On October 29, 2020, due to the economic crisis, our Board of Directors determined to postpone any declaration or payment of the Company’s annual dividend until the Company sees increased financial stability in the marketplace, part of our core competency as a business. The Board’s determination was based on review of world-record corporate debt-to-GDP levels, increased default and bankruptcy rates, and the challenging economic environment, including the possible reduced financial stability of some of the Company’s subscribers due to continued uncertainty and a mounting second wave of COVID-19 infections.  The Company is dedicated to ensuring the safety and safeguarding the jobs of our employees.  The company retained its payroll levels and employees throughout the year.  We will continue to invest in strengthening our staff, service model, and product to meet our client’s credit risk needs. Therefore, preservation of liquidity until there is material evidence of control over the pandemic is paramount.  The Board expects to review this determination periodically throughout 2021.

In addition, the Board of Directors promoted Michael I. Flum to the position of President while retaining his role as Chief Operating Officer. Mr. Flum joined the Company in June 2018 as Vice President of Operations & Alternative Data. He was elected Senior Vice President and Chief Operating Officer on October 24, 2019 and has been responsible for operational strategy and implementation, leveraging technology to improve the efficiency of human capital and work processes. Prior to joining CreditRiskMonitor, Mr. Flum served as Vice President of Operations at Gullett & Associates, Inc., a Houston-based midstream oil & gas survey and drafting services firm from 2016 to 2017. Mr. Flum held various engineering and project management roles at Enterprise Products Partners, a Houston-based oil & gas pipeline owner/operator from 2009 to 2016. Mr. Flum holds a BS in Mechanical Engineering and a BA in Religious Studies from Rice University as well as an MBA from Columbia Business School.

A full copy of the financial statements can be found at https://crmz.ir.edgar-online.com/

CREDITRISKMONITOR.COM, INC.

CONDENSED STATEMENTS OF OPERATIONS

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2020 AND 2019

(Unaudited)

	2020			2019
Operating revenues	$	4,037,456		$	3,673,241
Operating expenses:
Data and product costs		1,514,659			1,421,290
Selling, general and administrative expenses		2,110,280			1,962,150
Depreciation and amortization		52,931			52,667
Total operating expenses		3,677,870			3,436,107
Income from operations		359,586			237,134
Other income		916			40,223
Income before income taxes		360,502			277,357
Provision for income taxes		(79,420	)		(73,767	)
Net income	$	281,082		$	203,590
Net income per share – Basic and diluted	$	0.03		$	0.02
Weighted average number of common shares outstanding –
Basic		10,722,401			10,722,401
Diluted		10,746,834			10,722,401

CREDITRISKMONITOR.COM, INC.

CONDENSED STATEMENTS OF OPERATIONS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2020 AND 2019

(Unaudited)

	2020			2019
Operating revenues	$	11,598,210		$	10,736,581
Operating expenses:
Data and product costs		4,556,456			4,316,780
Selling, general and administrative expenses		6,919,804			6,277,294
Depreciation and amortization		160,736			153,701
Total operating expenses		11,636,996			10,747,775
Loss from operations		(38,786	)		(11,194	)
Other income		27,017			124,322
Income (loss) before income taxes		(11,769	)		113,128
Benefit from (provision for) income taxes		123,424			(57,536	)
Net Income	$	111,655		$	55,592
Net income per share – Basic and diluted	$	0.01		$	0.01
Weighted average number of common shares outstanding –
Basic		10,722,401			10,722,401
Diluted		10,730,545			10,725,252

CREDITRISKMONITOR.COM, INC.

CONDENSED BALANCE SHEETS

SEPTEMBER 30, 2020 AND DECEMBER 31, 2019

	September 30, 2020			December 31, 2019
	(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	10,451,155		$	8,275,836
Accounts receivable, net of allowance		1,945,280			2,287,921
Other current assets		596,558			549,821
Total current assets		12,992,993			11,113,578
Property and equipment, net		405,131			477,973
Operating lease right-to-use asset		2,245,896			2,380,974
Goodwill		1,954,460			1,954,460
Other assets		108,437			35,723
Total assets	$	17,706,917		$	15,962,708
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Unexpired subscription revenue	$	9,189,823		$	8,651,843
Accounts payable		47,541			137,500
Current portion of operating lease liability		158,117			147,229
Current portion of bank loan		1,102,833			--
Accrued expenses		1,135,506			1,344,550
Total current liabilities		11,633,820			10,281,122
Deferred taxes on income, net		397,528			521,765
Unexpired subscription revenue, less current portion		188,906			166,169
Bank loan, less current portion		458,667			--
Operating lease liability, less current portion		2,179,856			2,299,433
Total liabilities		14,858,777			13,268,489
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		29,747,939			29,705,673
Accumulated deficit		(27,007,023	)		(27,118,678	)
Total stockholders’ equity		2,848,140			2,694,219
Total liabilities and stockholders’ equity	$	17,706,917		$	15,962,708

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 a significant amount 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 plus over 1,000 other large companies worldwide 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, crowdsourcing of risk professionals as well as the Company’s proprietary FRISK® and PAYCE® 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, risks associated with the COVID-19 pandemic and 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.