UPDATE -- Helios and Matheson Expects to Report $108,000 in Net Income for Q2 2013

UPDATE -- Helios and Matheson Expects to Report $108,000 in Net Income for Q2
2013

Revenue Increases by 16% in the Second Quarter of 2013 as Compared to 2012

NEW YORK, July 25, 2013 (GLOBE NEWSWIRE) -- HELIOS AND MATHESON Analytics Inc
(the "Company") (Nasdaq:HMNY), a 30 year old IT services organization focused
on the banking, financial services, insurance and healthcare sectors, is
providing the following preliminary (unaudited) information regarding the
results of its operations for the second quarter of the year ended June 30,
2013:

The Company expects to report a 6% increase in net income for Q2-2013 as
compared to Q2-2012, an increase from $101,000 or $0.04 per basic and diluted
share (EPS) to $108,000 or $0.05 per basic and diluted share (EPS).

The Company continues to be debt free. The Company expects to close the second
quarter of 2013 with total assets of $5.5 million and total liabilities of
$1.3 million. Below is the summary of select financial data:

                                   Three Months Ended
(In 000s except per share amounts)  6/30/2013   6/30/2012
                                   (Unaudited) (Unaudited)
Revenue                             $3,440      $2,960
Gross Profit                        $788        $701
Income from operations              $110        $102
Net Income                          $108        $101
EPS per basic and diluted share     $0.05       $0.04
Cash and Cash Equivalents (million) $2.13       $2.03

The Company expects that gross margin will be at 23% for the second quarter of
2013 as compared to 24% in the second quarter of 2012, which decrease resulted
from a change in revenue mix. Selling, general and administrative costs are
expected to be $679,000 in the second quarter of 2013, which would be an
increase of 13% from the second quarter of 2012 due to certain one-time
charges primarily relating to promotion of thecompany's predictive analytics
offering.

About Helios and Matheson Analytics Inc

Helios and Matheson Analytics Inc is a 30 year old IT services organization
focused on the banking, financial services, insurance and healthcare sectors.
Its common stock is traded on the Nasdaq Global Market under the ticker symbol
"HMNY".

Forward Looking Statements

This release includes forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements regarding our
expected future financial position, results of operations, cash flows,
financing plans, business strategy, products and services, competitive
positions, growth opportunities, plans and objectives of management for future
operations, as well as statements that include words such as "anticipate,"
"if," "believe," "plan," "estimate," "expect," "intend," "may," "could,"
"should," and other similar expressions are forward-looking statements. All
forward-looking statements involve risks, uncertainties and contingencies,
many of which are beyond our control, which may cause actual results,
performance, or achievements to differ materially from anticipated results,
performance, or achievements. Factors that may cause actual results to differ
materially from those in the forward-looking statements include those set
forth in the Helios and Matheson Analytics Inc. Annual Report on Form 10-K for
the year ended December 31, 2012 and more recent reports filed with the SEC.
Helios and Matheson Analytics Inc. is under no obligation (and expressly
disclaims any such obligation) to update or alter such forward-looking
statements, whether as a result of new information, future events or
otherwise.


HELIOS AND MATHESON ANALYTICS INC
CONSOLIDATED STATEMENT OF INCOME AND COMPREHENSIVE INCOME
                                                               
                              Three Months Ended      Six Months Ended
                               June 30,                June 30,
                              2013        2012        2013        2012
                              (unaudited) (unaudited) (unaudited) (unaudited)
                                                               
Revenues                       $3,439,547  $2,960,464  $6,642,378  $5,639,595
Cost of revenues               2,651,082   2,259,369   5,179,492   4,298,004
Gross profit                   788,465     701,095     1,462,886   1,341,591
Operating expenses:                                             
Selling, general &             676,102     594,685     1,244,940   1,128,595
administrative
Depreciation & amortization    2,493       4,301       4,964       9,319
                              678,595     598,986     1,249,904   1,137,914
Income from operations         109,870     102,109     212,982     203,677
Other income/(expense):                                         
Early lease termination fee    --         --         --         (82,548)
Interest income-net            710         5,173       1,440       6,096
                              710         5,173       1,440       (76,452)
Income before income taxes     110,580     107,282     214,422     127,225
Provision for income taxes     3,000       6,000       6,000       12,000
Net Income                     107,580     101,282     208,422     115,225
Other comprehensive loss -     (14,134)    (9,525)     (14,103)    (7,790)
foreign currency adjustment
Comprehensive Income           $93,446     $91,757     $194,319    $107,435
                                                               
                                                               
Basic and diluted income per   $0.05       $0.04       $0.09       $0.05
share
Dividend Per share             $--      $--      $0.09       $--

                                                                         
HELIOS AND MATHESON ANALYTICS INC.                                        
CONSOLIDATED BALANCE SHEETS                                               
                                                                         
                                                                         
                                                                         
                                     June 30,      December 31,            
                                      2013          2012
ASSETS                                (unaudited)                          
Current Assets:                                                           
Cash and cash equivalents             $2,132,527  $2,861,733            
Accounts receivable- less allowance
for doubtful accounts of $44,421 at   2,026,617    1,257,488              
June 30, 2013, and $32,421 at
December 31, 2012
Unbilled receivables                  103,400      21,490                 
Prepaid expenses and other current    131,806      130,571                
assets
Total current assets                 4,394,350    4,271,282              
Property and equipment, net           50,204       52,717                 
Security Deposit                      1,000,000    1,000,000              
Deposits and other assets             85,520       100,032                
Total assets                         $5,530,074  $5,424,031            
                                                                         
LIABILITIES AND SHAREHOLDERS' EQUITY                                      
Current Liabilities:                                                      
Accounts payable and accrued expenses $1,292,711  $1,171,249            
Total current liabilities            1,292,711    1,171,249              
                                                                         
                                                                         
Shareholders' equity:                                                     
Preferred stock, $.01 par value;
2,000,000 shares authorized; no       --           --  
shares issued and outstanding as of
June 30, 2013, and December 31, 2012
Common stock, $.01 par value;
30,000,000 shares authorized;
2,330,438 issued and outstanding as   23,304       23,304                 
of June 30, 2013 and December 31,
2012
Paid-in capital                       37,855,740   37,855,740             
Accumulated other comprehensive loss  (61,013)     (46,910)               
- foreign currency translation
Accumulated deficit                   (33,580,668) (33,579,352)           
Total shareholders' equity            4,237,363    4,252,782              
Total liabilities and shareholders'   $5,530,074  $5,424,031            
equity
                                                                         

HELIOS AND MATHESON ANALYTICS INC.
CONSOLIDATED STATEMENT OF CASH FLOWS
                                                                
                                                                
                                                    Six Months Ended June 30,
                                                    2013         2012
                                                                
                                                    (unaudited)  (unaudited)
Cash flows from operating activities:                            
Net income                                           $208,422   $115,225
Adjustments to reconcile net income to net cash
provided/(used) in operating activities, net of      
acquired assets:
Depreciation and amortization                        4,966       9,319
Provision for doubtful accounts                      12,000      (858)
Gain on sale of Fixed Asset                          (250)       (2,429)
Changes in operating assets and liabilities:                     
Accounts receivable                                  (781,129)   114,118
Unbilled receivables                                 (81,910)    (71,823)
Prepaid expenses and other assets                    (1,235)     (57,922)
Accounts payable and accrued expenses                121,463     (67,872)
Deposits                                             14,512      42,641
Net cash (used in)/provided by operating activities (503,061)   80,399
Cash flows from investing activities:                            
Purchase of Property and Equipment                   (2,203)     (39,028)
Deposits                                             (2,203)     (39,028)
Cash flows from financing activities:                            
Dividend Paid                                        (209,739)   --
Net cash used in financing activities                (209,739)   --
Effect of foreign currency exchange rate changes on  (14,103)    (7,790)
cash and cash equivalents
Net (decrease)/increase in cash and cash equivalents (729,206)   33,581
Cash and cash equivalents at beginning of period     2,861,733   1,998,158
Cash and cash equivalents at end of period           $2,132,527 $2,031,739
                                                                
Supplemental disclosure of cash flow information:                
Cash paid during the period for income taxes - net   $3,197     $4,617
of refunds
                                                                

CONTACT: Umesh Ahuja
         703 691 0400 Ext 1046
         uahuja@hmny.com