CreditRiskMonitor's Revenue Growth Continues in 1st Half of 2008

VALLEY COTTAGE, NY--(Marketwire - August 6, 2008) - CreditRiskMonitor reported that revenues increased 14% and 16% to $1.40 million and $2.77 million for the 3 and 6 months ended June 30, 2008, respectively. Also, the Company reported net income of $20,000 and $60,000 for the 3 and 6 months ended June 30, 2008, respectively, versus net income of $58,000 and $78,000 for the same periods last year. Jerry Flum, CEO, stated, "Our revenues continue to grow at double-digit levels despite the weakening U.S. economy. We continue to believe the demand for corporate credit analysis and monitoring will have a counter-cyclical component, as awareness of the need for these services grows during the current economic turbulence. "We are profitable and maintaining positive cash flow even as we aggressively invest in additional content,... [read full story]