CreditRiskMonitor.com Modifies Promissory Note.Business Editors/High Tech Writers FLORAL PARK Floral Park, village (1990 pop. 15,947), Nassau co., SE N.Y., on Long Island, a residential suburb of New York City; inc. 1908. It has a commercial flower industry. , N.Y.--(BUSINESS WIRE)--Dec. 10, 2002 CreditRiskMonitor.com, Inc. (Symbol: CRMZ) entered into a Note Modification Agreement, which extends the maturing date of this outstanding indebtedness INDEBTEDNESS. The state, of being in debt, without regard to the ability or inability of the party to pay the same. See 1 Story, Eq. 343; 2 Hill. Ab. 421. 2. of almost $813,000 from June 30, 2006 to December 31, 2009. The new 9.5% note is payable in 84 equal monthly installments of approximately $13,300, commencing January 31, 2003. The previous 8.5% note required monthly debt service of over $22,400. Larry Fensterstock, senior vice president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , stated "We are happy to announce the execution of this Agreement which reduces our annual debt service requirement by almost $110,000." CreditRiskMonitor.com is an Internet-based financial information analysis and news service designed for corporate credit professionals, and its web site is www.creditriskmonitor.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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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