Valley Cottage, NY - (NewMediaWire) - March 9, 2020 - CreditRiskMonitor (OTCBB: CRMZ)announced that Lawrence Fensterstock, Senior Vice President and Chief FinancialOfficer, has informed the Board of Directors of his intention to retireeffective June 30, 2020. To ensure an orderly transition, he will be resigning asChief Financial Officer as of close of business on March 31, 2020. At itsmeeting held earlier today, the Board of Directors elected Steven Gargano asSenior Vice President and Chief Financial Officer effective April 1st.
Mr. Gargano is an accomplishedprofessional with over 20 years of experience who has previously served as botha Chief Financial Officer and a Risk Manager for such entities as the 1199Pension and Benefit Funds, LUX Fund Technology & Solutions, ArtivestAdvisors, US Bancorp Fund Services, Mariner Investment Group and Gabelli AssetManagement. He also worked, earlier in his career, at the internationalaccounting firms Deloitte & Touche and Arthur Andersen. Mr. Gargano is agraduate of Cornell University and the Executive MBA program at HarvardBusiness School.
Jerry Flum, CEO, said, “We’re sorry to seeLarry leave the Company. He was one of the founders of the CreditRiskMonitorand has been a key employee for over 20 years. I personally will miss him andwish him well in retirement. At the same time, I’m excited to welcome Stevenaboard and look forward to his fresh insights as we enter new markets.”
Overview
CreditRiskMonitor (http://www.crmz.com) is aweb-based publisher of financial information that helps corporate credit andprocurement professionals stay ahead of business financial risk quickly,accurately and cost effectively. The service offers comprehensive commercialcredit reports and financial risk analysis covering public companies worldwide.Unlike other commercial credit bureaus, such as Dun & Bradstreet,CreditRiskMonitor’s primary expertise and focus is on financial analysis ofpublic debt and equity companies.
The Company also collects a significant amountof trade receivable data on both public and a select group of private companiesevery month, to help subscribers determine payment performance.
Over 35% of the Fortune 1000 plus over 1,000other large companies worldwide depend on CreditRiskMonitor’s timely newsalerts and reports featuring detailed analyses of financial statements, ratioanalysis and trend reports, peer analyses, bond agency ratings, crowdsourcingof risk professionals as well as the Company’s proprietary FRISK® and PAYCE®scores.
SafeHarbor Statement
Certain statements in this press release,including statements prefaced by the words “anticipates”, “estimates”,“believes”, “expects” or words of similar meaning, constitute “forward-lookingstatements” within the meaning of the Private Securities Litigation Reform Actof 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 materiallydifferent from any future results, performance or achievements expressed orimplied by such forward-looking statements, including, among others, thoserisks, uncertainties and factors referenced from time to time as “risk factors”or otherwise in the Company’s Registration Statements or Securities andExchange Commission Reports. We disclaim any intention or obligation to reviseany forward-looking statements, whether as a result of new information, a futureevent, or otherwise.
Jerry Flum
845-230-3030
ir@creditriskmonitor.com